Carmichael, CA is a great place to live with its vibrant neighborhoods and flourishing businesses. Popular companies in Carmichael include grocery stores such as Raley’s, Save Mart Supermarkets, and Winco Foods. The area also offers plenty of restaurants, shopping centers, and entertainment venues like the historic Sunrise Mall. The cost of living in Carmichael is high compared to the national average; for example, rent for a two bedroom apartment averages around $1,690 versus $1,430 in the US. It is no surprise that the Grocery Cost Index in Carmichael is 106 compared to 100 in the US. Despite these higher costs of living, many people still choose to call Carmichael their home due to its abundance of amenities and high quality of life.
Carmichael has an unemployment rate of 7.4%. The US average is 6.0%.
Carmichael has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Carmichael
- The Sales Tax Rate for Carmichael is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Carmichael 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 Carmichael
- The average income of a Carmichael resident is $32,665 a year. The US average is $28,555 a year.
- The Median household income of a Carmichael resident is $74,184 a year. The US average is $69,021 a year.