Lake Mathews, California is a small community located in Riverside County about 20 miles south east of Riverside. It is known for its peacefulness and natural beauty with the Santa Ana Mountains in the background. The cost of living in Lake Mathews is slightly higher than other parts of California as well as the US as a whole. Two bedroom rental costs are around $1,640 compared to $1,430 across the US, while the area's Grocery Cost Index is also slightly higher at 100 versus 100 across the US.
The local economy is supported by companies such as Lake Mathews Automotive Repair which provides auto repair services and Lake Mathews Liquor Store, which offers spirits and wine selection for locals and visitors alike. There are also several outdoor activities available such as fishing, hiking, camping, horseback riding and bird watching. All these activities make Lake Mathews an attractive destination for families looking for a place to relax and take in nature's beauty.
Lake Mathews has an unemployment rate of 7.7%. The US average is 6.0%.
Lake Mathews has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Lake Mathews
- The Sales Tax Rate for Lake Mathews is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lake Mathews 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 Lake Mathews
- The average income of a Lake Mathews resident is $27,927 a year. The US average is $28,555 a year.
- The Median household income of a Lake Mathews resident is $96,044 a year. The US average is $69,021 a year.