Fair Oaks, CA is a small city in Sacramento County with a population of just over 30,000 people. It's known for its charming downtown area, which features many local businesses including Nata Art Gallery & Studio, True Value Hardware Store, and Sally Tomatoes restaurant. The cost of living in Fair Oaks is slightly higher than the US average; 2 bedroom rent is $1,890 compared to $1,430 nationally. Similarly, the grocery cost index in Fair Oaks is 106 versus 100 in the US. Despite being more expensive than other areas of the country, Fair Oaks offers its residents an abundance of outdoor activities and events such as biking trails and farmers markets.
Fair Oaks has an unemployment rate of 7.4%. The US average is 6.0%.
Fair Oaks 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 Fair Oaks
- The Sales Tax Rate for Fair Oaks is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Fair Oaks 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 Fair Oaks
- The average income of a Fair Oaks resident is $40,467 a year. The US average is $28,555 a year.
- The Median household income of a Fair Oaks resident is $99,629 a year. The US average is $69,021 a year.