Cost of Living in Chico, CA

How far does a $70,000 salary go in Chico? Estimated income taxes on that gross salary total approximately $9,953 per year — combining federal taxes with California's state income tax. Subtract rent for a 2-bedroom apartment ($1,625/month based on HUD Fair Market Rents for the Chico metro area) and the estimated annual take-home is $40,547, or roughly $3,379 per month for everything else: food, transportation, savings, and discretionary spending.

The Chico metro has a cost of living index of 100.7 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). Chico sits close to the national average, meaning everyday expenses are broadly in line with what you'd find across most U.S. cities.

At a $70,000 salary, the estimated 2-bedroom rent in Chico represents approximately 28% of gross income. That approaches the 30% threshold commonly used to define affordability. A smaller unit or a higher salary would improve the picture.