East Palo Alto, CA is an attractive place to live due to its affordability and convenience. With a two bedroom rent of only $2,830 compared to the US average of $1,430, East Palo Alto is much more accessible for those on a budget. Furthermore, the Grocery Cost Index in East Palo Alto is 120 versus the US index of 100 which indicates that living expenses are cheaper than most other places. This makes East Palo Alto an ideal area for those who want to save money but still have access to local amenities. Additionally, despite its small size, East Palo Alto has many large companies such as Facebook and HP located nearby which create job opportunities and help keep local businesses thriving. With its convenient location near popular cities such as San Francisco and Silicon Valley, East Palo Alto also has great access to entertainment and cultural attractions making it an ideal place for anyone looking for a less expensive but still vibrant lifestyle.
East Palo Alto has an unemployment rate of 7.3%. The US average is 6.0%.
East Palo Alto has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for East Palo Alto
- The Sales Tax Rate for East Palo Alto is 9.0%. The US average is 7.3%.
- The Income Tax Rate for East Palo Alto 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 East Palo Alto
- The average income of a East Palo Alto resident is $18,527 a year. The US average is $28,555 a year.
- The Median household income of a East Palo Alto resident is $96,349 a year. The US average is $69,021 a year.