Independence, CA Economy


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United States / California / No Metro Area / Inyo County / Independence / Zip Codes
Independence, CA is a city in the United States with a population of 2,841. The cost of two-bedroom rent in this area is significantly lower than the national average at $1,210 compared to $1,430. Additionally, the grocery cost index stands at 99 versus 100 nationally. In terms of local companies, some well known entities in Independence are H & D Cafe and Starks Market Place. H & D Cafe offers home-style cooking while Starks Market Place has been serving the community for over 20 years providing quality groceries and merchandise.

Independence has an unemployment rate of 6.4%. The US average is 6.0%.

Independence has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.

Tax Rates for Independence
- The Sales Tax Rate for Independence is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Independence 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 Independence
- The average income of a Independence resident is $26,470 a year. The US average is $28,555 a year.
- The Median household income of a Independence resident is $54,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIndependence, CaliforniaUnited States
  6.46
  -9.2%-6.2%
  21.3%33.5%
  7.8%6.2%
  8.0%4.6%
  $28,974$37,638
  $54,063$69,021
  $74,306$85,028
  Population by Occupation
  1.1%1.2%
  5.4%0.5%
  1.1%6.8%
  1.9%10.0%
  0.0%2.5%
  8.4%11.0%
  5.7%4.8%
  17.2%0.8%
  6.1%1.9%
  0.0%4.7%
  2.7%1.9%
  0.8%7.6%
  0.0%0.1%
  3.8%4.2%
  3.4%9.3%
  4.2%14.0%
  5.4%2.1%
  1.1%7.0%
  7.3%4.8%
  24.1%4.7%
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