The minimum wage you need to live in Santa Ana is the sum of your daily expenses (groceries, utilities, transportation, entertainment), your monthly housing-related costs (rent, mortgage, insurance, maintenance), any debt expenses (monthly interest payment and principal payment), as well as your goals savings and investment. The housing cost of living index estimates that the cost of housing in Santa Ana is 248.2% of the national average. For example, a cost of living index of 130 means that living there costs 30% more compared to the national average (130-100% 3D30). Understanding the expected costs in Santa Ana can help you determine if a given wage is a living wage.
A cost-of-living calculator helps you assess how much you'll need to earn to live comfortably in a specific city. Considering these taxes, while excluding taxes collected at the federal level, Santa Ana residents live in a state with a high average tax burden. If you perform the same calculation with an index cost below the national average of 100, you'll get a negative number indicating how much money you'll save. So plan to make sure your net income covers your needs and wants, so you can live comfortably in Santa Ana, CA.
An estimated 73.30% of workers commute to work outside Santa Ana, a proportion greater than 43.7% of workers nationwide who live and work in different cities. Prices for goods and services vary in different cities, and so having a cost-of-living index or calculator can make the decision to move easier by allowing you to directly compare one city to another. Out-of-pocket healthcare costs and insurance premiums, assuming at least one basic level of health insurance coverage are much lower than they are on average nationwide in Santa Ana, but in line with what they are throughout California in general. It has published detailed cost-of-living analyses for all 50 states and more than 29,000 cities across the country.
For example, if you know typical housing costs in Santa Ana, you can use simple rules that are widely followed to determine if you can pay them with your salary. According to C2ER (the Council for Economic and Community Research), the cost of living in Santa Ana is estimated to be 148.5% of the national average, making it one of the most expensive cities in the U.S. UU.