Los Banos, CA is a small city in Merced County located in the Central Valley of California. It is an agricultural community with a population of around 35,000 people. The city has a number local businesses such as The Natural Grocer and Health Hut which offer organic natural products, L&M Feed Inc for animal feed products and supplies, and Los Banos Hardware for home improvement needs. The median value for 2 bedroom rent is $1,440, slightly higher than the US average of $1,430. The cost of groceries is also slightly higher than the US average with a grocery cost index score of 101 versus 100 in the US overall. This makes Los Banos a more expensive area to live when compared to other cities within California and across the country.
Los Banos has an unemployment rate of 14.5%. The US average is 6.0%.
Los Banos has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Los Banos
- The Sales Tax Rate for Los Banos is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Los Banos 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 Los Banos
- The average income of a Los Banos resident is $17,160 a year. The US average is $28,555 a year.
- The Median household income of a Los Banos resident is $69,607 a year. The US average is $69,021 a year.