Hercules, CA is a vibrant city located in the Bay Area with plenty of local businesses and attractions. The cost of living in Hercules can be higher than other areas due to its location but it still remains affordable. The average rent for a two-bedroom apartment is $2,910 which is slightly more than double the US average of $1,430. Additionally, the grocery costs index in Hercules is 110 versus 100 in the US making it slightly more expensive for groceries. Local companies in Hercules include Shell Oil Refinery, Bed Bath & Beyond Distribution Center as well as FMC Corporation which are all major employers in the area. All these factors make Hercules an attractive destination to live and work while still being able to afford a comfortable lifestyle.
Hercules has an unemployment rate of 6.7%. The US average is 6.0%.
Hercules has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Hercules
- The Sales Tax Rate for Hercules is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Hercules 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 Hercules
- The average income of a Hercules resident is $37,978 a year. The US average is $28,555 a year.
- The Median household income of a Hercules resident is $114,124 a year. The US average is $69,021 a year.