Modesto, CA Metro Area is an affordable area to live in with its 2-bedroom rent being $1,370 - lower than the US average of $1,430. Not only that, but Modesto's Grocery Cost Index is 5 points higher than the US average at 105. The area is home to many businesses such as Gallo Winery, Save Mart Supermarkets and E&J Gallo Winery. Gallo Winery has been a staple of California for over 90 years while Save Mart Supermarkets provides convenient shopping for fresh ingredients throughout the region. E&J Gallo Winery is a leading producer of fine wines from around the world. All three companies are examples of how local businesses contribute to Modesto's economy and provide services to its residents.
Modesto Metro Area has an unemployment rate of 8.8%. The US average is 6.0%.
Modesto Metro Area has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Modesto Metro Area
- The Sales Tax Rate for Modesto Metro Area is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Modesto Metro Area 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 Modesto Metro Area
- The average income of a Modesto Metro Area resident is $21,729 a year. The US average is $28,555 a year.
- The Median household income of a Modesto Metro Area resident is $68,368 a year. The US average is $69,021 a year.