Santa Clara County in California is an affluent area known for its robust economy, great educational opportunities, and quality of life. Home to major tech companies such as Apple, Google, Intel, Nvidia, Facebook, LinkedIn and many other Silicon Valley giants, Santa Clara County is a vibrant hub of technological innovation. Rent in Santa Clara County is significantly higher than the national average for two bedroom apartments; at $2,940 per month versus the US average of $1,430 per month. Grocery cost index in Santa Clara County is also higher than the US average; at 117 compared to 100 nationally. These increased costs are reflective of the area’s high demand from local tech employers and booming population growth.
Santa Clara County has an unemployment rate of 5.1%. The US average is 6.0%.
Santa Clara County 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 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Santa Clara County
- The Sales Tax Rate for Santa Clara County is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Santa Clara County 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 County
- The average income of a Santa Clara County resident is $42,666 a year. The US average is $28,555 a year.
- The Median household income of a Santa Clara County resident is $140,258 a year. The US average is $69,021 a year.