Del Monte Forest, CA is a vibrant community located in Monterey County. It is home to many local businesses such as the Del Monte Shopping Center, Del Monte Golf Course, and the prestigious Pebble Beach Resorts. The cost of living in Del Monte Forest is significantly higher than that of the U.S. as a whole; according to current data 2 bedroom rent averages at $4,010 while nationwide it is $1,430. Additionally, the Grocery Cost Index for Del Monte Forest stands at 118 versus 100 in the U.S., indicating that food costs are also much higher here than they are nationally. Despite this high cost of living, locals enjoy an abundance of amenities usually associated with larger cities including local eateries, shopping centers and entertainment venues.
Del Monte Forest has an unemployment rate of 10.4%. The US average is 6.0%.
Del Monte Forest 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 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Del Monte Forest
- The Sales Tax Rate for Del Monte Forest is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Del Monte Forest 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 Del Monte Forest
- The average income of a Del Monte Forest resident is $48,338 a year. The US average is $28,555 a year.
- The Median household income of a Del Monte Forest resident is $140,132 a year. The US average is $69,021 a year.