Penryn, CA is a small town located in Placer County. It is known for its rural charm and beautiful scenery. The cost of living is slightly higher than the US average, with the 2 Bedroom rent being $2,210 compared to $1,430 nationwide. Groceries also cost 10% more in Penryn than they do on average across the US. The town has several local businesses such as Sierra Cash & Carry grocery store, Mello’s Automotive Repair shop, Duran’s winery and a few other restaurants and convenience stores. Residents can also access public services like the Placer County Library or enjoy outdoor activities like hiking or fishing in Granite Bay Park or Lake Clementine.
Penryn has an unemployment rate of 5.5%. The US average is 6.0%.
Penryn 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 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Penryn
- The Sales Tax Rate for Penryn is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Penryn 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 Penryn
- The average income of a Penryn resident is $37,080 a year. The US average is $28,555 a year.
- The Median household income of a Penryn resident is $80,455 a year. The US average is $69,021 a year.