Lake Sherwood, CA is a small community located just north of LA county. It has grown in popularity due to its picturesque views and access to amenities such as top-rated restaurants, shopping centers, and entertainment venues. The area also offers plenty of outdoor activities for residents to enjoy such as hiking and biking trails. Companies like Hub International, O2 Media Group, and Los Angeles Stone Solutions are all located in Lake Sherwood. The local economy is thriving with 2 bedroom rent at $3,100 compared to the US average of $1,430 and a grocery cost index of 113 versus 100 in the US which indicates higher access to quality food items.
Lake Sherwood has an unemployment rate of 6.4%. The US average is 6.0%.
Lake Sherwood has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Lake Sherwood
- The Sales Tax Rate for Lake Sherwood is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lake Sherwood 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 Lake Sherwood
- The average income of a Lake Sherwood resident is $137,423 a year. The US average is $37,638 a year.
- The Median household income of a Lake Sherwood resident is $250,001 a year. The US average is $69,021 a year.