Economy in Elk Grove, CA

Elk Grove, CA is a vibrant, growing community located in the Sacramento metropolitan area. It has a wide array of amenities and attractions that draw people from all over the region. The two bedroom rent in Elk Grove is $2140, which is slightly higher than the U.S. average of $1430. There is also a grocery cost index of 106 versus 100 in the US, indicating groceries are slightly more expensive than the national average.
The city has great restaurants, parks and entertainment venues to enjoy; not to mention local businesses such as IKEA and Incredible Pets for pet supplies, Cosumnes River College for higher education or activities such as festivals held at Elk Grove Regional Park or events hosted by the Elk Grove Historical Society. With so much to offer, it’s easy to see why Elk Grove, CA is a desirable place to call home.

Elk Grove has an unemployment rate of 6.2%. The US average is 6.0%.

Elk Grove 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 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Elk Grove
- The Sales Tax Rate for Elk Grove is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Elk Grove 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 Elk Grove
- The average income of a Elk Grove resident is $29,695 a year. The US average is $28,555 a year.
- The Median household income of a Elk Grove resident is $106,797 a year. The US average is $69,021 a year.