El Dorado Hills is an upscale community located in California, just east of Sacramento. It is known for its picturesque views of the Sierra Nevada mountain range and nearby Folsom Lake. The housing prices reflect the allure of the community as 2 bedroom rentals are estimated to be about $2,500 per month compared to a national average of $1,430. Food prices are also higher than average with a Grocery Cost Index of 110 versus 100 in the US.
The city has a vibrant business community with many local companies providing jobs and services to residents including Kaiser Permanente, El Dorado Hills Town Center, Cortiva Institute – El Dorado Hills, and TurnKey Vacation Rentals. There are also plenty of delicious restaurants offering a variety of cuisines such as Ettore’s European Bakery & Restaurant, Primo Pizza Parlor & Italian Restaurant, Paesanos Italian Kitchen & Bar, China Bowl Express, Fiesta Mexicana Grill & Cantina, Raku Japanese Cuisine & Sushi Bar., and Old Spaghetti Factory.
El Dorado Hills has an unemployment rate of 6.3%. The US average is 6.0%.
El Dorado Hills has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for El Dorado Hills
- The Sales Tax Rate for El Dorado Hills is 7.3%. The US average is 7.3%.
- The Income Tax Rate for El Dorado Hills 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 El Dorado Hills
- The average income of a El Dorado Hills resident is $46,853 a year. The US average is $28,555 a year.
- The Median household income of a El Dorado Hills resident is $139,810 a year. The US average is $69,021 a year.