Cypress, CA is a great place to live with plenty of local companies like Target, Home Depot, and Bank of America. The cost of living is slightly higher than the national average due to factors such as rent and groceries. A 2 bedroom apartment in Cypress will cost you around $2,510 a month while the same would be available for $1,430 in the US. Groceries also have an increased cost index in Cypress at 103 versus just 100 in the US. The city offers lots of amenities and services making it an attractive destination for new residents despite its higher costs.
Cypress has an unemployment rate of 6.5%. The US average is 6.0%.
Cypress has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Cypress
- The Sales Tax Rate for Cypress is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Cypress 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 Cypress
- The average income of a Cypress resident is $33,693 a year. The US average is $28,555 a year.
- The Median household income of a Cypress resident is $109,180 a year. The US average is $69,021 a year.