Timber Cove, CA is an idyllic town located on the Northern California coastline. It offers stunning views of the Pacific Ocean and easy access to a variety of outdoor activities, making it an attractive destination for both visitors and locals alike. The cost of living in Timber Cove is higher than the US average with rents for two bedrooms averaging at $1,890 compared to $1,430 nationally and a grocery cost index of 109 versus 100 in the US. Local businesses include the Pacific Coast Cafe & Bakery which serves up freshly baked goodies as well as seafood specialties from local fishermen. For shopping there’s Meyerson’s Hardware Store which stocks a wide variety of goods from gardening supplies to home décor items. National companies have also made their way into Timber Cove such as Walgreens Pharmacy and Walmart Super Center offering convenience for locals looking for these services.
Timber Cove has an unemployment rate of 6.0%. The US average is 6.0%.
Timber Cove has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Timber Cove
- The Sales Tax Rate for Timber Cove is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Timber Cove 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 Timber Cove
- The average income of a Timber Cove resident is $37,758 a year. The US average is $28,555 a year.
- The Median household income of a Timber Cove resident is $95,341 a year. The US average is $69,021 a year.