Spring Valley Lake, California is an attractive city for many people looking to make a home. It features a pristine lake and access to outdoor activities. For those looking for employment opportunities in the area, there are local companies such as Lakeview Market, Spring Valley Lake Country Club, and MV Transportation that provide jobs in a variety of industries. The cost of living in Spring Valley Lake is slightly higher than that of the US overall; rents are approximately 9% higher at $1,550 for two bedrooms compared to $1,430 nationally, while the grocery cost index is 98 versus 100 in the US. Despite these additional costs residents enjoy a comfortable lifestyle with plenty of amenities at their fingertips.
Spring Valley Lake has an unemployment rate of 7.8%. The US average is 6.0%.
Spring Valley Lake has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Spring Valley Lake
- The Sales Tax Rate for Spring Valley Lake is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley Lake 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 Spring Valley Lake
- The average income of a Spring Valley Lake resident is $26,121 a year. The US average is $28,555 a year.
- The Median household income of a Spring Valley Lake resident is $91,667 a year. The US average is $69,021 a year.