Colma, CA Economy


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Colma, CA is a unique city located in the Bay Area with a population of 1,792. It's known for its numerous cemeteries that cover 75% of the land within it. However, this small town also offers many other amenities including affordable housing with 2 bedroom rent averaging around $2,990 per month. In addition to housing, Colma boasts grocery stores such as Safeway and local restaurants like China Garden which can provide an enjoyable dining experience. Furthermore, Colma has a Grocery Cost Index of 112 compared to the US average of 100 making it more cost-efficient for residents to buy groceries in town than elsewhere. The culture in Colma is diverse and welcoming with events such as Music Mondays at City Hall Park where people can come together to enjoy live music from 6-7 PM on Monday evenings.

Colma has an unemployment rate of 5.0%. The US average is 6.0%.

Colma 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 37.6%, which is higher than the US average of 33.5%.

Tax Rates for Colma
- The Sales Tax Rate for Colma is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Colma 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 Colma
- The average income of a Colma resident is $30,256 a year. The US average is $28,555 a year.
- The Median household income of a Colma resident is $102,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColma, CaliforniaUnited States
  56
  -9.5%-6.2%
  37.6%33.5%
  8.8%6.2%
  8.0%4.6%
  $42,626$37,638
  $102,500$69,021
  $105,000$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  6.6%6.8%
  4.1%10.0%
  2.0%2.5%
  7.1%11.0%
  8.9%4.8%
  0.0%0.8%
  1.0%1.9%
  3.8%4.7%
  0.6%1.9%
  13.1%7.6%
  0.0%0.1%
  4.2%4.2%
  11.7%9.3%
  16.2%14.0%
  0.0%2.1%
  8.0%7.0%
  7.1%4.8%
  5.4%4.7%
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