The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services, drugs, and the other goods and services that people buy for day-to-day living. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 93 percent of the total U.S. The Consumer Price Index (CPI) is a measures of the average change in prices over time in a fixed market basket of goods and services. The June 2023 Consumer Price Index for the San Francisco area is scheduled to be released on July 12, 2023. San Francisco-Oakland-Hayward, CA, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted Month Partly offsetting the increases was a price decrease in used cars and trucks (-5.2 percent). Components contributing to the increase included recreation (7.6 percent), household furnishings and operations (6.4 percent), and shelter (5.4 percent). Over the year, the index for all items less food and energy rose 4.7 percent. Higher prices for new and used motor vehicles (2.4 percent) and shelter (1.1 percent) were partially offset by lower prices for apparel (-3.7 percent). The index for all items less food and energy advanced 0.8 percent in the latest two-month period. Prices paid for natural gas service declined 15.9 percent, but prices for electricity advanced 9.5 percent during the past year. Prices for electricity rose 4.7 percent, and prices for gasoline advanced 4.2 percent for the same period.Įnergy prices decreased 7.9 percent over the year, largely due to lower prices for gasoline (-14.4 percent). The decrease was mainly due to lower prices for natural gas service (-36.0 percent). The energy index declined 3.8 percent for the two months ending in April. Prices for food away from home increased 7.9 percent. Prices for food at home increased 5.2 percent since a year ago, with higher prices in five of the six subcategories. Over the year, food prices rose 6.1 percent.
Prices for food away from home advanced 0.4 percent for the same period. (See table 1.) Prices for food at home decreased 1.1 percent, with lower prices in five of the six subcategories. Over-the-year percent change in CPI-U, San Francisco-Oakland-Hayward, CA, April 2020–April 2023 Monthįood prices decreased 0.7 percent for the two months ending in April. It’s incumbent upon lawmakers to remedy this through policy reforms, such as raising the minimum wage, lowering child care costs, and making other necessities more affordable,” said Zane Mokhiber, EPI data analyst.Chart 1. “Our Family Budget Calculator goes beyond traditional measures like the poverty line, and it shows that families are struggling to make ends meet from coast to coast. Meanwhile, although its basic budget for a two-parent, two-child household of only $62,741 makes the McAllen-Edinburg-Mission metro area in Texas the least expensive metro area in the country, the median family income is only $45,446-making this city much less affordable than the topline numbers indicate. However, with a median family income of $142,481, incomes in San Francisco are higher than most. San Francisco topped the list of most expensive metro areas, with a basic budget of $159,013 a year for a two-parent, two-child household. Even after adjusting for higher state and city minimum wages, there is nowhere in the country where a minimum-wage worker-even a single adult without children-earns enough to meet the requirements of their local family budget.
The Family Budget Calculator is a stark reminder that many workers in low-wage jobs do not earn enough to meet their family’s basic needs. The Family Budget Calculator takes into account geographic differences in cost of living and factors in a broader range of expenses-including housing, food, transportation, child care, health care, and other basic necessities.
The updated calculator contains data in 2020 dollars on the cost of living for 10 family types in all 3,142 counties (and county equivalents) and in all 613 metro areas.
#Living expenses calculator san francisco update
Today, the Economic Policy Institute released an update to its signature Family Budget Calculator, which shows what’s required for families to attain an adequate-but modest-standard of living in communities throughout the country.
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