Richmond, CA is a charming city located in the San Francisco Bay Area. With sunny weather and plenty of attractions, it is an ideal place for families and professionals to call home. The city has many local companies to choose from including Chevron, Kaiser Permanente, Ford Motor Company, and Pacific Gas & Electric. The cost of living in Richmond is slightly higher than the US average with 2 bedroom rents averaging around $2,110 per month while the US average is $1430 per month. Groceries also tend to be more expensive with a grocery cost index of 109 compared to the national average of 100. However, this can be offset by finding other ways to save such as taking advantage of local discounts or using coupons when shopping at stores like Safeway or Target.
Richmond has an unemployment rate of 8.6%. The US average is 6.0%.
Richmond 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 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond 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 Richmond
- The average income of a Richmond resident is $25,769 a year. The US average is $28,555 a year.
- The Median household income of a Richmond resident is $79,478 a year. The US average is $69,021 a year.