Fremont, CA is a vibrant city located in the Bay Area. It's home to many large tech companies such as Tesla, Seagate, Lam Research and Bloom Energy. Fremont also hosts many smaller local businesses across sectors such as retail, finance, healthcare and education. Despite its proximity to Silicon Valley and the Bay Area, it still offers a lower cost of living than its surrounding areas. The average 2 bedroom rent in Fremont is $3140 compared to the US average of $1430 and the Grocery Cost Index is 114 versus 100 in the US. Therefore, Fremont remains an attractive option for those looking to find an affordable place to live without sacrificing access to thriving commerce and culture.
Fremont has an unemployment rate of 5.2%. The US average is 6.0%.
Fremont 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 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Fremont
- The Sales Tax Rate for Fremont is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Fremont 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 Fremont
- The average income of a Fremont resident is $40,815 a year. The US average is $28,555 a year.
- The Median household income of a Fremont resident is $153,475 a year. The US average is $69,021 a year.