Financial Profile: California
Financial landscape, tax rates, cost of living, and median income scoring for California residents.
California at a Glance
Avg Salary
$74,000
Cost of Living
151
Top Tax Rate
13.3%
Adjusted Income
$49,006
Monthly Take-Home
$4,198
Max Rent (30%)
$1,850
Financial Genome at Median Income
Scores calculated for someone earning $74,000/yr in California with typical expenses.
PPI
35
D
FPI
25
F
LRS
50
C+
REW
30
D
Living in California: Financial Overview
California has the highest top marginal state income tax rate in the US at 13.3% for incomes over $1 million.
- Highest state income tax
- High salaries in tech
- Very high cost of living
Major Cities
Los Angeles, San Francisco, San Diego, San Jose
With a cost of living index of 151 (above the national average of 100), expenses are higher in California. A $60,000 salary here has the purchasing power equivalent of only $39,735 in an average-cost area.
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