Homewood Canyon, CA is a small town located in the southern part of California. It is known for its beautiful landscape and unique features, such as Homewood Canyon Falls and Corral Creek Trail. There are many local businesses that serve the community, including restaurants, retail stores, and service providers. The cost of living in this area is significantly lower than the rest of the country; for example, a two-bedroom rental unit costs $1,150 per month compared to $1,430 nationally. This makes it an attractive place for people looking for affordable housing. Additionally, grocery costs index at 93 versus 100 in the US which further increases the appeal of living in Homewood Canyon. Although there are some advantages to living here, such as low prices and scenic beauty, its small population size can limit opportunities available to residents.
Homewood Canyon has an unemployment rate of 6.4%. The US average is 6.0%.
Homewood Canyon has seen the job market decrease by -9.2% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for Homewood Canyon
- The Sales Tax Rate for Homewood Canyon is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Homewood Canyon 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 Homewood Canyon
- The average income of a Homewood Canyon resident is $38,068 a year. The US average is $37,638 a year.
- The Median household income of a Homewood Canyon resident is $0 a year. The US average is $69,021 a year.