Lake California, CA is an attractive area in which to live, work, and play. The cost of living is relatively low compared to the US as a whole with rent for a 2-bedroom apartment costing $1,250 while the US average cost of rent for a similar sized apartment is $1,430. The grocery cost index in Lake California also stands at 99 versus 100 in the US. There are plenty of local businesses in the area which provide employment opportunities to local residents such as California Bank & Trust, Zahn Mercantile Co., and Ballast Point Brewery. It's no wonder Lake California is a popular place to live and work with its strong economy and affordable living costs!
Lake California has an unemployment rate of 7.9%. The US average is 6.0%.
Lake California has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Lake California
- The Sales Tax Rate for Lake California is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lake California 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 Lake California
- The average income of a Lake California resident is $26,009 a year. The US average is $28,555 a year.
- The Median household income of a Lake California resident is $88,366 a year. The US average is $69,021 a year.