Spring Valley (Lake County), CA is a great place to live with plenty of opportunities for its residents. Located in Northern California, Spring Valley offers a cheaper cost of living compared to other parts of the state and the country as a whole. The 2 bedroom rent in Spring Valley is $1,140 while it is $1,430 nationally. Furthermore, the Grocery Cost Index there is 103 compared to 100 in the US. As such, people can save money without compromising on their standards of living.
The county boasts several companies that provide employment and local businesses that cater to daily needs including Clearlake Supermarket, Lake Bowl & Family Center LLC., and A-1 Meats & Seafood. In addition to being affordable for locals, businesses can benefit from the low overhead costs as well. All this makes Spring Valley an ideal place to live and work in.
Spring Valley (Lake County) has an unemployment rate of 7.9%. The US average is 6.0%.
Spring Valley (Lake County) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Spring Valley (Lake County)
- The Sales Tax Rate for Spring Valley (Lake County) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley (Lake County) 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 Spring Valley (Lake County)
- The average income of a Spring Valley (Lake County) resident is $36,652 a year. The US average is $37,638 a year.
- The Median household income of a Spring Valley (Lake County) resident is $51,042 a year. The US average is $69,021 a year.