Californians spend less share of income on out‐of‐pocket health care

Given California’s high cost of living, it’s rare for the state to rank among the least expensive places for anything. But a new WalletHub study found Californians spend the third‐lowest share of their income on out‐of‐pocket health care costs.

Californians spend less share of income on out‐of‐pocket health care. Given California’s high cost of living, it’s rare for the state to rank among the least expensive places for anything. But a new WalletHub study found Californians spend the third‐lowest share of their income on out‐of‐pocket health care costs. “California residents enjoy a pretty high median annual income to offset those (health care) costs,” Chip Lupo, an analyst with WalletHub, said of the state’s ranking. “California's in a good place, but there are some areas I think in which California could probably do a little bit better.” Here’s WalletHub’s methodology, what the report found for California, and which states spend the most and least share of income on out‐of‐pocket health care. WalletHub’s methodology To determine how much a state’s residents’ annual income is g...