Santa Clara, CA is a vibrant and diverse city located in the heart of Silicon Valley. It is home to many large tech companies such as Apple, Intel, and Oracle. Additionally, many start-ups are located in Santa Clara making it a hotbed for innovation. The cost of living in Santa Clara is substantially higher than the national average due to its proximity to these major corporations. For example, the 2 bedroom rent in Santa Clara averages $3,140 compared to the US average of $1,430. Additionally, even though groceries are generally cheaper in California than other states within the US, the grocery cost index in Santa Clara is still 116 compared to 100 nationally. Despite this higher cost of living, those that can afford it benefit from its vibrant culture and great job opportunities provided by local companies like Google and Adobe.
Santa Clara has an unemployment rate of 4.4%. The US average is 6.0%.
Santa Clara has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Santa Clara
- The Sales Tax Rate for Santa Clara is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Santa Clara 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 Santa Clara
- The average income of a Santa Clara resident is $41,222 a year. The US average is $28,555 a year.
- The Median household income of a Santa Clara resident is $150,244 a year. The US average is $69,021 a year.