Berkeley, CA is a beautiful city situated in the San Francisco Bay Area. With its close proximity to San Francisco, Berkeley offers an exciting and diverse environment for both work and play. The vibrant culture of the city is further accentuated by its two universities, University of California Berkeley and Mills College. Local companies that have made their mark on Berkeley include Peet's Coffee & Tea, Chez Panisse Restaurant, and Acme Bread. Rent for a 2 bedroom apartment in Berkeley averages at $2,520 compared to the US average of $1,430. Additionally, grocery costs are higher than average with a Grocery Cost Index of 114 versus 100 in the US. All these factors make Berkeley an ideal location for people who enjoy an exciting urban lifestyle with a strong cultural presence.
Berkeley has an unemployment rate of 5.1%. The US average is 6.0%.
Berkeley has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Berkeley
- The Sales Tax Rate for Berkeley is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Berkeley 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 Berkeley
- The average income of a Berkeley resident is $42,406 a year. The US average is $28,555 a year.
- The Median household income of a Berkeley resident is $97,834 a year. The US average is $69,021 a year.