Toro Canyon, CA is a vibrant town located in Southern California. It is known for its breathtaking mountainous landscapes and beautiful coastline nearby. The cost of living in Toro Canyon is higher than the U.S. average, with a 2 bedroom rent costing $3,330 compared to the U.S. average of $1,430, and a grocery cost index of 113 versus 100 nationally. Despite this however, many people are attracted to the area for its numerous attractions, such as local shopping centers and businesses such as David's Market and The Apparel Shop, as well as popular outdoor activities like surfing at El Capitan State Beach or hiking through Refugio State Park.
Toro Canyon has an unemployment rate of 6.6%. The US average is 6.0%.
Toro Canyon has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Toro Canyon
- The Sales Tax Rate for Toro Canyon is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Toro Canyon 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 Toro Canyon
- The average income of a Toro Canyon resident is $57,476 a year. The US average is $28,555 a year.
- The Median household income of a Toro Canyon resident is $122,188 a year. The US average is $69,021 a year.