Rancho Santa Margarita, CA is a bustling city with plenty to offer its residents. With a population of around 50,000, there are many local businesses and restaurants for those who live in the area. Companies like Soka University of America and Saddleback Memorial Medical Center provide employment opportunities while eateries such as Bluewater Grill and El Pollo Loco serve up tasty dishes for locals and visitors alike. The cost of living in Rancho Santa Margarita is slightly higher than the US average, with an average 2 bedroom rent rate of $3,070 compared to $1,430 nationally. Additionally, the Grocery Cost Index is 104 in comparison to 100 for the US overall. All in all, Rancho Santa Margarita is a pleasant area with something for everyone!
Rancho Santa Margarita has an unemployment rate of 5.3%. The US average is 6.0%.
Rancho Santa Margarita has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Rancho Santa Margarita
- The Sales Tax Rate for Rancho Santa Margarita is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Rancho Santa Margarita 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 Rancho Santa Margarita
- The average income of a Rancho Santa Margarita resident is $42,768 a year. The US average is $28,555 a year.
- The Median household income of a Rancho Santa Margarita resident is $135,350 a year. The US average is $69,021 a year.