Redwood City, CA Economy


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Redwood City, CA is a vibrant city located in the San Francisco Bay Area with a population of nearly 85,000 people. It is home to many leading tech companies such as Oracle, Electronic Arts, and Box. As such, it has an abundance of jobs opportunities in various industries and offers a high quality of life. Living costs are slightly higher than the national average for two bedroom rent at $3,560 but the cost of groceries is 118 index points higher than the U.S. average. In addition to employment opportunities, Redwood City also offers plenty of outdoor activities from its many parks and trails to its waterfront boardwalk which features restaurants and shops. Overall, Redwood City is an excellent place to live with plenty of job opportunities and lots of entertainment options.

Redwood City has an unemployment rate of 4.4%. The US average is 6.0%.

Redwood City has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.

Tax Rates for Redwood City
- The Sales Tax Rate for Redwood City is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Redwood City 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 Redwood City
- The average income of a Redwood City resident is $69,317 a year. The US average is $37,638 a year.
- The Median household income of a Redwood City resident is $134,287 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRedwood City, CaliforniaUnited States
  4.46
  -9.5%-6.2%
  37.0%33.5%
  8.8%6.2%
  8.0%4.6%
  $69,317$37,638
  $134,287$69,021
  $148,976$85,028
  Population by Occupation
  0.4%1.2%
  0.1%0.5%
  6.5%6.8%
  8.2%10.0%
  1.5%2.5%
  7.9%11.0%
  3.9%4.8%
  0.4%0.8%
  6.8%1.9%
  4.3%4.7%
  2.3%1.9%
  16.3%7.6%
  0.1%0.1%
  5.5%4.2%
  10.4%9.3%
  9.7%14.0%
  1.8%2.1%
  6.1%7.0%
  5.2%4.8%
  2.5%4.7%
Reviews for Redwood City
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(Caveating everything with "it's Bay Area prices") Redwood City is a large sprawling town where you can find just about anything you're looking for. There's great  More

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The entire Bay Area is ridiculous. You can't compare it to other areas. RWC is reasonably cheap for the area. I pay $5K for a rental townhouse in one of the many  More

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Lovely weather. Safe place to live (I live in Redwood Shores). The only thing that keeps this place from being 5 stars is the cost of housing. When you have to pay an  More

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