Moreno Valley, California is an ideal place to call home. The city has a robust economy that is largely driven by local businesses such as Mitsubishi Cement Corporation, March Joint Powers Authority, and Lakeview Health Services. As far as costs of living are concerned, Moreno Valley has a relatively affordable 2 bedroom apartment rate of $2,010 per month compared to the US average of $1,430 per month. Additionally, the grocery cost index in Moreno Valley is 99 in comparison to 100 in the US. These factors make Moreno Valley an attractive destination for residents looking for an affordable and comfortable place to live.
Moreno Valley has an unemployment rate of 9.1%. The US average is 6.0%.
Moreno Valley has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Moreno Valley
- The Sales Tax Rate for Moreno Valley is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Moreno Valley 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 Moreno Valley
- The average income of a Moreno Valley resident is $17,874 a year. The US average is $28,555 a year.
- The Median household income of a Moreno Valley resident is $73,635 a year. The US average is $69,021 a year.