Irvine, CA is a popular destination for those seeking a more urban lifestyle within California. It’s home to many well-known companies such as Blizzard Entertainment, Taco Bell, Ingram Micro and Mazda Information Technology Center. The cost of living in Irvine is relatively high with the average rent for a 2 bedroom at $3,300 compared to the US average at $1430. The Grocery Cost Index in Irvine is also higher than the US national average at 106 versus the US's 100. Despite its higher cost of living, Irvine offers plenty of job opportunities and quality life experience making it an attractive place to live.
Irvine has an unemployment rate of 5.4%. The US average is 6.0%.
Irvine has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Irvine
- The Sales Tax Rate for Irvine is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Irvine 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 Irvine
- The average income of a Irvine resident is $43,456 a year. The US average is $28,555 a year.
- The Median household income of a Irvine resident is $114,027 a year. The US average is $69,021 a year.