California's cost of living is significantly higher than the national average, with expenses at 11.2% above norm, influencing perceptions of income and affordability.
Despite having the sixth-highest per capita income at $81,300, California's high costs, coupled with the fourth-highest tax burden, significantly affect residents' financial well-being.
While California's incomes rank high nationally, affordability is compromised by soaring expenses and substantial tax burdens that outweigh the benefits of higher wages.
In comparison, other states, such as Mississippi and Arkansas, offer a far lower cost of living, which presents a stark contrast to California's financial landscape.
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