Carri Cristin

Cost Of Living Increase 2024 California.  — according to 2021 data from the bureau of economic analysis , the annual average cost of living in california is $53,082.  — starting in 2024, california will have the second highest statewide minimum wage behind washington, which is more than double the stagnant $7.25 an hour federal limit.

In 1st quarter 2024, cost of living index for california was 145 index, higher means higher cost of living. California is also above the national average when it comes to the cost of utilities, with the average monthly bill coming in at nearly $438.