Montecito, CA is a small town located in the heart of Santa Barbara county. It's known for its scenic views overlooking the ocean, lush green gardens, and exclusive shops. The cost of living in Montecito is significantly higher than in other areas of the US. For example, the average rent for a two bedroom apartment is $3,960 per month in Montecito compared to just $1,430 around the US. Additionally, grocery costs are 121 compared to 100 around the US on average. Popular local companies include La Arcada Private Courtyard Cafe, The Honor Bar Montecito and Lazy Acres Market. Overall Montecito has a unique upscale culture that sets it apart from other places in California and across America due to its exclusive shops and high cost of living.
Montecito has an unemployment rate of 6.6%. The US average is 6.0%.
Montecito has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Montecito
- The Sales Tax Rate for Montecito is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Montecito 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 Montecito
- The average income of a Montecito resident is $83,226 a year. The US average is $28,555 a year.
- The Median household income of a Montecito resident is $193,423 a year. The US average is $69,021 a year.