Cambria, California is a charming coastal town located along California’s Central Coast. With its beautiful beaches and peaceful atmosphere, Cambria has become an increasingly popular area for vacationers and long-term residents alike. The local economy is reliant on tourism with many restaurants, shops, galleries, and accommodations throughout the town. There are also some larger companies such as Verizon Wireless that are headquartered in the area. The median household income for Cambria is $61,945, which is slightly higher than the national average. Despite this higher median income, the cost of living in Cambria is still relatively high due to its popularity as a tourist destination. Grocery costs index here is 110 versus 100 in the US and 2 bedroom rent averages at $2,020 compared to $1,430 nationally.
Cambria has an unemployment rate of 5.8%. The US average is 6.0%.
Cambria has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Cambria
- The Sales Tax Rate for Cambria is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Cambria is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cambria
- The average income of a Cambria resident is $40,857 a year. The US average is $28,555 a year.
- The Median household income of a Cambria resident is $87,744 a year. The US average is $69,021 a year.