Berkeley, CA located in the zip code 94702 is an excellent place to live with various attractions and businesses. Rent for a two bedroom apartment is $2,240 which is about $810 more expensive than the national average of $1,430. The grocery cost index in Berkeley has been measured to be 113 versus 100 nationally. With such impressive ratings, it’s no wonder why Berkeley is a great place to live. Companies based in Berkeley include Chez Panisse, an upscale restaurant established by Alice Waters; Code for America, a nonprofit advocacy group that works to improve government operations; and Asana Inc., a software company specializing in helping users manage their workflows. These are just some of the many amazing companies that make up this beautiful city.
Berkeley (zip 94702) has an unemployment rate of 5.1%. The US average is 6.0%.
Berkeley (zip 94702) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Berkeley (zip 94702)
- The Sales Tax Rate for Berkeley (zip 94702) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Berkeley (zip 94702) 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 Berkeley (zip 94702)
- The average income of a Berkeley (zip 94702) resident is $36,522 a year. The US average is $28,555 a year.
- The Median household income of a Berkeley (zip 94702) resident is $86,058 a year. The US average is $69,021 a year.