Rio del Mar, CA is a coastal community located in Santa Cruz County. It is known for its beautiful beaches, mild climate, and convenient access to amenities such as shopping and dining. The average 2 bedroom rent in Rio del Mar is $3,790 which is significantly more expensive than the US average of $1,430. In addition to rental costs being higher in Rio del Mar, the cost of groceries also tends to be higher at 112 on the Grocery Cost Index compared to the US average of 100. Local businesses that thrive in this tourist destination include restaurants such as Jackie Lomack’s Italian Restaurant & Bar and Molly Moo Ice Cream Parlor as well as retailers like Beach House Fitness and the Rio DelMar Surf Shop. Overall, living in Rio del Mar may be more expensive than other parts of the country but offers its residents unique experiences and close proximity to local attractions.
Rio del Mar has an unemployment rate of 8.1%. The US average is 6.0%.
Rio del Mar has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Rio del Mar
- The Sales Tax Rate for Rio del Mar is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Rio del Mar 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 Rio del Mar
- The average income of a Rio del Mar resident is $73,085 a year. The US average is $37,638 a year.
- The Median household income of a Rio del Mar resident is $131,835 a year. The US average is $69,021 a year.