Tecopa, CA is a small town located in Inyo County with a population of about 100 people. The town is well known for its natural hot springs and healing waters, which attract many visitors from nearby cities. Tecopa has a few local businesses that offer necessary services to the people living there. These businesses include a gas station, post office, grocery store, and restaurant. There is also an RV park near the town that offers camping facilities for visitors to explore the area's attractions.
The economy of Tecopa primarily depends on tourism and related industries such as hospitality and retail. Moreover, since rental prices are low in comparison to other locations in California, many people choose to move to Tecopa due to its affordable housing opportunities. Additionally, the Grocery Cost Index in Tecopa is lower than the US average which means groceries are relatively cheaper than elsewhere making it attractive for families looking for an affordable place to live.
Tecopa has an unemployment rate of 6.4%. The US average is 6.0%.
Tecopa has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for Tecopa
- The Sales Tax Rate for Tecopa is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Tecopa 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 Tecopa
- The average income of a Tecopa resident is $11,688 a year. The US average is $28,555 a year.
- The Median household income of a Tecopa resident is $35,227 a year. The US average is $69,021 a year.