San Mateo, CA is a vibrant coastal city located in the San Francisco Bay Area. With a population of over 100,000 people, San Mateo is home to many well-known companies like Oracle, GoPro, and Dell. The cost of living in San Mateo is significantly higher than the US average due to its location and numerous amenities; 2 bedroom rent in San Mateo is almost double that of the US average at $3,740 compared to $1,430 nationwide. Additionally, grocery costs are 17% more expensive in San Mateo with an index of 117 versus 100 in the US. These factors contribute to making San Mateo one of the most desirable places to live on the West Coast.
San Mateo has an unemployment rate of 4.4%. The US average is 6.0%.
San Mateo has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for San Mateo
- The Sales Tax Rate for San Mateo is 9.0%. The US average is 7.3%.
- The Income Tax Rate for San Mateo 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 San Mateo
- The average income of a San Mateo resident is $46,782 a year. The US average is $28,555 a year.
- The Median household income of a San Mateo resident is $133,612 a year. The US average is $69,021 a year.