Economy in Oakland, California

Oakland, CA is a vibrant and diverse city located on the east side of San Francisco Bay. With over 400,000 residents, Oakland offers a variety of housing options, including two bedroom rentals that are on average $791 more expensive than the US rate. Despite its high cost of living, Oakland has many amenities to offer including top-tier companies like Kaiser Permanente, Clorox, Dreyer’s Grand Ice Cream and Pandora Jewelry. Additionally, Oakland boasts an abundance of recreational areas such as Lake Merritt and Redwood Regional Park where visitors can hike, bike or picnic with friends and family. Shopping enthusiasts will love the city’s eclectic mix of stores from local boutiques to big box retailers like Target. Furthermore, with a Grocery Cost Index of 111 compared to 100 nationally, Oakland is known for having especially affordable food prices. All in all, Oakland truly has something for everyone!

Oakland has an unemployment rate of 7.7%. The US average is 6.0%.

Oakland 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 35.3%, which is higher than the US average of 33.5%.

Tax Rates for Oakland
- The Sales Tax Rate for Oakland is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Oakland 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 Oakland
- The average income of a Oakland resident is $32,566 a year. The US average is $28,555 a year.
- The Median household income of a Oakland resident is $85,628 a year. The US average is $69,021 a year.