Folsom, CA is #2 on the list Top 100 Best Places to Raise a Family in the West in 2023, #25 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2023, #5 on the list Top 100 Best Places to Raise a Family in the West in 2021
Cost of living in Folsom, California
Cost of living compared to USAthe highest
Cost of living compared to Californiahigh
Median household incomethe highest
Is it expensive to live in Folsom, California? When calculating the cost of living in Folsom, California we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Folsom, California is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in California, while median household income in Folsom is $118,006 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in California.
Taxes in Folsom, California
The sales tax rate in Folsom, California is 8.2%. Last year, the average property taxes paid was 0.8% Folsom, California.
Here is the table with the State Income Taxes in the state of California:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | California Income Tax Rate |
|---|---|---|
| $0 | $9,325 | 1.0% |
| $9,325 | $22,107 | 2.0% |
| $22,107 | $34,892 | 4.0% |
| $34,892 | $48,435 | 6.0% |
| $48,435 | $61,214 | 8.0% |
| $61,214 | $312,686 | 9.3% |
| $312,686 | $375,221 | 10.3% |
| $375,221 | $625,369 | 11.3% |
| $625,369 | $1,000,000 | 12.3% |
| $1,000,000 | $9,999,999 | 13.3% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | California Income Tax Rate |
|---|---|---|
| $0 | $18,650 | 1.0% |
| $18,650 | $44,214 | 2.0% |
| $44,214 | $69,784 | 4.0% |
| $69,784 | $96,870 | 6.0% |
| $96,870 | $122,428 | 8.0% |
| $122,428 | $625,372 | 9.3% |
| $625,372 | $750,442 | 10.3% |
| $750,442 | $1,250,738 | 11.3% |
| $1,250,738 | $1,000,000 | 12.3% |
| $1,000,000 | $9,999,999 | 13.3% |
Housing costs in Folsom, California
The average cost of a single-family home compared to USAthe highest
The average cost of a single-family home compared to Californiamoderate
In Folsom, California, 68.0% of the population owns their homes, while approximately 32.0% rent. The average cost of a single-family home in Folsom, California in 2022 is $580,448 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in California. The average one-bedroom apartment cost is approximately $1,624 per month.
| Rental Size | Monthly Cost | Compared to California |
|---|---|---|
| 1 Bedroom | $1,624 | moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $2,039 | moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $2,896 | moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $3,373 | moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Pros and Cons of living in Folsom, California in reviews from users in their own words:
| Pros | Cons |
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