Economy in San Jose, California

San Jose, CA is a bustling city located in the heart of Silicon Valley and home to many companies such as Apple, Google, Intel and Adobe. The city offers many opportunities for career advancement, yet comes with its own unique challenges. The cost of living in San Jose is much higher than other parts of the country; for instance, 2 bedroom rent is $2,960 compared to $1,430 in the US on average. Moreover, grocery cost index for San Jose is 114 versus 100 in the US. Despite these elevated costs of living and doing business in San Jose, it remains one of the most popular cities to live and work due to its unparalleled access to world-class technology firms and amenities.

San Jose has an unemployment rate of 5.6%. The US average is 6.0%.

San Jose has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.

Tax Rates for San Jose
- The Sales Tax Rate for San Jose is 9.3%. The US average is 7.3%.
- The Income Tax Rate for San Jose 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 San Jose
- The average income of a San Jose resident is $34,992 a year. The US average is $28,555 a year.
- The Median household income of a San Jose resident is $125,075 a year. The US average is $69,021 a year.