Malaga, CA is a bustling city located in Los Altos Hills of Santa Clara County, California. Home to popular businesses like Tesla Motors and the Bosch Group, Malaga boasts an impressive roster of corporate entities. Additionally, there are plenty of attractions and recreational activities for locals and visitors alike. Outdoor enthusiasts can take advantage of nearby trails such as Cora Older Trail while art aficionados can explore the nearby galleries like TAG Gallery. The cost of living in Malaga is relatively low with 2 bedroom rental prices averaging at $1,260 compared to the US average of $1,430. Moreover, the grocery cost index is 98 versus 100 in the US making it an attractive place to live or visit due to its affordability.
Malaga has an unemployment rate of 9.9%. The US average is 6.0%.
Malaga has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Malaga
- The Sales Tax Rate for Malaga is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Malaga 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 Malaga
- The average income of a Malaga resident is $10,696 a year. The US average is $28,555 a year.
- The Median household income of a Malaga resident is $45,893 a year. The US average is $69,021 a year.