Cost Of Living in Waterford, CA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Waterford	California	National
Cost of living	119	140	100
Goods & Services	104	111	100
Groceries	104	112	100
Health care	96	109	100
Housing	139	196	100
Transportation	120	126	100
Utilities	140	127	100

New Real Estate Listings in Waterford Area

For Sale For Rent

Search

Search Homes for Sale in Waterford, CA

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Waterford is 15% lower than the California average
The cost of living in Waterford is 19% higher than the national average
Waterford housing is 39% higher than the national average
California general sales tax is 42% higher than the national average
California state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Waterford

See all the best places to live around Waterford

Compare Waterford, CA Cost of Living

Write a review to give others more information about this area.

See all Waterford poll results

The best places in California

Here are the best places to live in California

Safest States In The US

These are the largest cities in California

Check out the 10 safest cities in California

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$73,320	$6,110	$1,711	$2,200
Renters	$56,018	$4,668	$1,307	$1,681

A good indicator of the general affordability of housing in Waterford, CA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Waterford, the median monthly income is $73,320 for those who own their own homes. Under the standard rule, that income level would allow for $1,711 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $56,018, per the median income in the area. That would allow for renters to spend up to $1,307 on monthly rental expenses.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.5%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

Goods & Services

Item	Waterford	National avg.	Difference
Haircut	$26.83	$24.26	10.6%
Beauty Salon	$76.57	$45.56	68.0%
Toothpaste	$3.86	$3.70	4.3%
Shampoo	$1.56	$1.28	21.9%
Movie	$14.64	$12.13	20.6%
Bowling	$23.78	$18.00	32.1%

Groceries

Item	Waterford	National avg.	Difference
Ground Beef	$6.21	$5.84	6.3%
Fried Chicken	$2.10	$1.57	33.7%
Milk	$4.99	$4.67	6.9%
Potatoes	$4.98	$4.93	0.9%
Pizza	$15.69	$12.09	29.8%
Beer	$10.96	$10.41	5.3%

Health Care

Item	Waterford	National avg.	Difference
Optometrist	$157.88	$125.68	25.6%
Doctor	$166.71	$135.78	22.8%
Dentist	$148.27	$113.29	30.9%
Ibuprofen	$11.69	$10.65	9.8%
Lipitor	$498.45	$468.60	6.4%

Housing

Item	Waterford	National avg.	Difference
Home Price	$271,700.00	$184,700.00	47.1%
Avg. Mortgage Payment	$4,545.90	$2,346.69	93.7%
Apartment Rent	$1,138.00	$949.00	19.9%

Transportation

Item	Waterford	National avg.	Difference
Gasoline	$4.63	$3.46	33.9%
Tire Balancing	$70.51	$59.92	17.7%

Utilities

Item	Waterford	National avg.	Difference
All Electricity	$299.78	$193.99	54.5%
Phone	$191.56	$192.25	0.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Monterey Park Tract, CA	293	111	10.7%
Cowan, CA	472	111	10.7%
Parklawn, CA	1,844	104	3.6%
Airport, CA	1,276	105	5.2%
Bret Harte, CA	5,020	105	5.3%
Waterford, CA	8,884	119	19.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Georgetown, SC	8,884	95	4.9%
Airway Heights, WA	8,885	104	3.9%
Port Wentworth, GA	8,886	102	2.2%
Mahomet, IL	8,888	105	4.9%
North Kensington, MD	8,879	140	40.4%
Waterford, CA	8,884	119	19.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Waterford, CA