Lathrop, CA is a small city located in San Joaquin County along the California - Nevada border. It has become home to many major companies such as Tesla Motors and Amazon Fulfillment Center, which have significantly increased its local economy. In terms of cost of living, rent for two bedroom apartments in Lathrop is $2,100 compared to the national average of $1,430. Additionally, the grocery cost index in Lathrop is 106 versus 100 nationally. Despite being slightly higher than the national average, the cost of living in Lathrop remains affordable and attractive for those looking for employment in the area.
Lathrop has an unemployment rate of 9.2%. The US average is 6.0%.
Lathrop 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 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Lathrop
- The Sales Tax Rate for Lathrop is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Lathrop 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 Lathrop
- The average income of a Lathrop resident is $18,488 a year. The US average is $28,555 a year.
- The Median household income of a Lathrop resident is $99,632 a year. The US average is $69,021 a year.