Taft, CA is a small city located in the San Joaquin Valley, with a population of approximately 9,000 inhabitants. It is known for its unusually low rental rates and cost of living. The average rent for a two bedroom apartment in Taft is $930, compared to the US average of $1430. Similarly, the Grocery Cost Index in Taft is 96 points versus 100 in the USA on average. This makes Taft an ideal place for those looking for affordable housing options and groceries. Additionally, there are many local businesses that call Taft home such as C&L Heating & Air Conditioning Inc., Morazan Tire Service, and Sunny Valley Packing Co. All of these businesses help to create an inviting atmosphere for locals and visitors alike.
Taft has an unemployment rate of 11.1%. The US average is 6.0%.
Taft has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Taft
- The Sales Tax Rate for Taft is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Taft 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 Taft
- The average income of a Taft resident is $23,677 a year. The US average is $37,638 a year.
- The Median household income of a Taft resident is $52,917 a year. The US average is $69,021 a year.