Posted 11/9/2023, 6:20:00 PM
High Cost of Living Drains Paychecks of Middle-Class Families in California
- Middle-class families in California pay over $26,000 more in cost of living compared to national average
- Housing, utilities, food, gas, childcare, and healthcare all cost significantly more in California
- Families earning $130k have a monthly deficit of $1,936 if living in California vs a surplus if paying national average costs
- 40% of Californians are considering moving out, with high costs being the top reason
- Report calls for analysis of laws and regulations that drive up California's costs versus other states