Sacramento, CA is a great place to live with plenty of job opportunities and a vibrant culture. Local companies such as Intel, UnitedHealth Group, Sutter Health, and Chevron are among the many businesses that contribute to the city's economy. The cost of living in Sacramento is fairly high compared to the rest of the US; according to data from 2019, rent for a two-bedroom apartment was about $1,780 compared to $1,430 nationally while the Grocery Cost Index was 105 versus 100 in the US. Despite this, Sacramento still remains an attractive place for people moving into California due to its safe neighborhoods and strong job market.
Sacramento has an unemployment rate of 7.7%. The US average is 6.0%.
Sacramento 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 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Sacramento
- The Sales Tax Rate for Sacramento is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Sacramento 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 Sacramento
- The average income of a Sacramento resident is $26,060 a year. The US average is $28,555 a year.
- The Median household income of a Sacramento resident is $71,074 a year. The US average is $69,021 a year.