Elk Grove, CA 

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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.


  ECONOMYElk Grove, CaliforniaUnited States
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Elk Grove    15 Reviews
    High Cost of Living - Heavy Traffic - 12/12/2021
    I grew up in the area around Elk Grove and it was a very small rural town up to the year 2000. We moved to ELk grove in 2009 and commuted to work in Sacramento. At... Read More

    Start Your Review of Elk Grove

    good right now, but how will it be in the future - 4/2/2019
    Elk Grove is a very diverse city. A long time ago it use to be very white. Now the white population is about 40%, then next majority race are Asian, then Hispanic,... Read More

    Hot Summers - 4/26/2014
    Our neighborhood is o.k. but it is expensive to live here and the air is oppressive during the summer when it gets hot for a week or more. Days over 95 and nights of 75.... Read More

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