San Luis Obispo, CA Economy


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San Luis Obispo, CA is a popular city located in California's Central Coast region. It is known for its great weather and wonderful beaches. The cost of living there is relatively high compared to the rest of the US. The average 2 bedroom rent costs $2,260, which is significantly higher than the national average of $1,430. In terms of grocery costs, San Luis Obispo has an index score of 110 compared to the US average of 100. \nThe city also offers many amenities such as tech companies like MindBody, and retail stores like Trader Joe's and REI. There are plenty of things to do in San Luis Obispo from outdoor activities such as hiking or kayaking to shopping downtown and dining at local restaurants. With its beautiful landscape and wide range of offerings, it's no surprise that this charming city attracts so many people looking for a place to call home.

San Luis Obispo has an unemployment rate of 5.5%. The US average is 6.0%.

San Luis Obispo has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%.

Tax Rates for San Luis Obispo
- The Sales Tax Rate for San Luis Obispo is 7.8%. The US average is 7.3%.
- The Income Tax Rate for San Luis Obispo 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 San Luis Obispo
- The average income of a San Luis Obispo resident is $26,377 a year. The US average is $28,555 a year.
- The Median household income of a San Luis Obispo resident is $61,862 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySan Luis Obispo, CaliforniaUnited States
  5.56
  -9.6%-6.2%
  34.6%33.5%
  7.8%6.2%
  8.0%4.6%
  $39,464$37,638
  $61,862$69,021
  $106,936$85,028
  Population by Occupation
  1.9%1.2%
  0.0%0.5%
  4.2%6.8%
  6.6%10.0%
  1.2%2.5%
  12.4%11.0%
  3.1%4.8%
  1.1%0.8%
  1.4%1.9%
  2.3%4.7%
  1.9%1.9%
  11.8%7.6%
  0.2%0.1%
  2.0%4.2%
  14.4%9.3%
  10.4%14.0%
  2.2%2.1%
  14.5%7.0%
  3.8%4.8%
  4.7%4.7%
Reviews for San Luis Obispo
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MY FIANCEE AND I ARE LOOKING TO MOVE TO SLO FOR RETIREMENT ( NEXT MONTH ) WE ARE BOTH ARTISTS AND HOPE OUR TALENT WILL HELP WITH COST OF LIVING IN SLO!!! ANY  More

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Over 9 years ago

In almost any season of the year in San Luis Obispo, you’ll find the sun shining and the temperature hitting around 70º at some point in the day. With the temperature  More

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San Luis Obispo and surrounding areas are beautiful, great weather, beaches, farms markets, a downtown area full of some of the best bars and restaurants, wine country,  More

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