In addition to being the most populous state in the United States, with almost 40 million inhabitants, according to official data, California is distinguished by having a high cost of living compared to others in the country.
The state will increase its minimum wage to $15.50 per hour of work in January 2023. However, with national inflation impacting gasoline, home prices and other sectors, the question many are asking is: How much does it cost to live in California today?