Silver Lakes, CA is an up and coming city that is known for its exceptional quality of life. The two bedroom rent in this city is $1,900 compared to the national average of $1,430, making it a great place to call home. Silver Lakes also has a low Grocery Cost Index of 98 compared to 100 in the US which further makes it an ideal spot for families seeking to save on costs. There are plenty of local businesses that make Silver Lakes attractive including Barnes & Noble, Sprouts Farmers Market, and Walmart. These stores offer residents convenience as well as access to quality goods at competitive prices. In addition there are countless restaurants and entertainment venues that add even more value to the community.
Silver Lakes has an unemployment rate of 7.8%. The US average is 6.0%.
Silver Lakes has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Silver Lakes
- The Sales Tax Rate for Silver Lakes is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Silver Lakes 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 Silver Lakes
- The average income of a Silver Lakes resident is $26,377 a year. The US average is $28,555 a year.
- The Median household income of a Silver Lakes resident is $89,511 a year. The US average is $69,021 a year.