Scotts Valley, CA is a vibrant city located in California's Central Coast region. It is home to some of the Bay Area's most innovative companies such as Google, Apple, Seagate Technology and Oculus VR. The cost of living in Scotts Valley is high due to the high rent rates; 2 bedroom apartments rent for $3,770 on average which is nearly double what you would pay for a similar apartment in the US ($1,430). Additionally, the Grocery Cost Index in Scotts Valley is 112 versus 100 in the US. This means that groceries will also be more expensive than other regions which adds to the overall cost of living.
Scotts Valley has an unemployment rate of 8.1%. The US average is 6.0%.
Scotts Valley has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Scotts Valley
- The Sales Tax Rate for Scotts Valley is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Scotts 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 Scotts Valley
- The average income of a Scotts Valley resident is $44,459 a year. The US average is $28,555 a year.
- The Median household income of a Scotts Valley resident is $114,504 a year. The US average is $69,021 a year.