Soledad, CA is a small city nestled in Monterey County with a population of just over 25,000. It is known for its beautiful landscapes, friendly residents, and excellent job opportunities. Major employers in the area include Mission Farms Produce, Don Chapin Construction Company, Imperial Valley Health Center and Caro-Tech Manufacturing Company. The cost of living in Soledad is quite reasonable compared to other cities in the region. On average, a 2 bedroom apartment rental costs around $2,260 per month while the national average of a 2 bedroom apartment rental is only $1,430 per month. Similarly, the grocery cost index of Soledad is 103 versus 100 in the US which indicates that groceries are more expensive than average in this area.
Soledad has an unemployment rate of 16.3%. The US average is 6.0%.
Soledad has seen the job market decrease by -8.1% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Soledad
- The Sales Tax Rate for Soledad is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Soledad 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 Soledad
- The average income of a Soledad resident is $15,701 a year. The US average is $37,638 a year.
- The Median household income of a Soledad resident is $67,366 a year. The US average is $69,021 a year.