Merced County in California is an attractive place for many people looking to live or start a business. It is well known for its diverse landscape, friendly people, and numerous recreational activities. The county also boasts a reasonable cost of living compared to the US as a whole. The average rent for a two bedroom is $1,240 while the US average is significantly higher at $1,430. Additionally, the Grocery Cost Index in Merced County is 100 while it is also 100 in the US. This indicates that overall expenses are quite low relative to other areas of the country. There are many local businesses operating in Merced County such as Golfland Sunsplash Water Park, Merced County Fairgrounds, and Black Bear Diner. All these attributes make Merced an ideal place to live and work.
Merced County has an unemployment rate of 11.4%. The US average is 6.0%.
Merced County has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Merced County
- The Sales Tax Rate for Merced County is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Merced 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 Merced County
- The average income of a Merced County resident is $24,521 a year. The US average is $37,638 a year.
- The Median household income of a Merced County resident is $58,861 a year. The US average is $69,021 a year.