Charter Oak, CA is a thriving city located in the southern part of California. This area is known for its beautiful scenery and scenic drives that make it a great place to live. The cost of living in Charter Oak is higher than the national average, with 2 bedroom rent costing $2,530 compared to $1,430 nationally. Additionally, the Grocery Cost Index here is 102 compared to 100 in the US. There are many local companies that benefit from this city’s affluent population, such as Charter Oak Realty Group, Charter Oak Financial Group, and The Charter Oak Bank. All of these businesses provide locals with the services they need to thrive and ensure that Charter Oak remains a great place to live and work.
Charter Oak has an unemployment rate of 10.9%. The US average is 6.0%.
Charter Oak has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Charter Oak
- The Sales Tax Rate for Charter Oak is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Charter Oak 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 Charter Oak
- The average income of a Charter Oak resident is $24,139 a year. The US average is $28,555 a year.
- The Median household income of a Charter Oak resident is $77,637 a year. The US average is $69,021 a year.