Sunnyvale, CA is a popular city located in the San Francisco Bay Area. It is known for its temperate climate, and many tech companies such as Apple, Yahoo, LinkedIn, and Walmart Labs. The cost of living is higher than the average US city with an estimated 2 bedroom rent of $3,240 compared to $1,430 across the US. Prices for groceries are also higher in Sunnyvale with an index of 118 compared to 100 in the US. Despite this, Sunnyvale remains a desirable location with many opportunities for growth and development thanks to its thriving local tech industry.
Sunnyvale has an unemployment rate of 3.9%. The US average is 6.0%.
Sunnyvale 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 41.4%, which is higher than the US average of 33.5%.
Tax Rates for Sunnyvale
- The Sales Tax Rate for Sunnyvale is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Sunnyvale 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 Sunnyvale
- The average income of a Sunnyvale resident is $48,203 a year. The US average is $28,555 a year.
- The Median household income of a Sunnyvale resident is $161,670 a year. The US average is $69,021 a year.