Diamond Springs, CA is an idyllic small town tucked away in El Dorado County with a population of around 11 thousand people. The cost of living here is slightly higher than the US average due to the high rental costs for two bedroom houses at $1,940 per month, as well as higher grocery costs with an index of 106 versus 100 in the US. Diamond Springs offers a variety of local businesses such as Natures Choice Landscaping, Shingle Springs Veterinary Hospital and Hair Station Salon & Spa, which all contribute to a strong local economy. Shopping centers are located close by in neighboring towns and cities, making life that much more convenient for residents. Overall, Diamond Springs provides its citizens with a safe place to live and work with plenty of opportunities for growth and success.
Diamond Springs has an unemployment rate of 6.3%. The US average is 6.0%.
Diamond Springs has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Diamond Springs
- The Sales Tax Rate for Diamond Springs is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Diamond Springs 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 Diamond Springs
- The average income of a Diamond Springs resident is $24,922 a year. The US average is $28,555 a year.
- The Median household income of a Diamond Springs resident is $64,674 a year. The US average is $69,021 a year.