Riverbank, CA is a small, but growing town with a population of over 22,000 people. The city is conveniently located near Modesto, providing easy access to amenities such as shopping and dining. In Riverbank the average two-bedroom rental cost is $1,460 which is slightly higher than the US two-bedroom rental average of $1,430. Additionally, the Grocery Cost Index in Riverbank is 105 versus 100 in the US. Recently, several notable companies based in Riverbank have implemented rent reduction policies to help their tenants during these challenging times. Companies such as Tri Counties Bank and Save Mart Supermarkets have seen cutting rent costs as an important way to aid and support local community members during this time. Such actions demonstrate these businesses’ commitment to supporting their customers and helping Riverbank residents stay afloat financially during this difficult economic climate.
Riverbank (zip 95367) has an unemployment rate of 8.8%. The US average is 6.0%.
Riverbank (zip 95367) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Riverbank (zip 95367)
- The Sales Tax Rate for Riverbank (zip 95367) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Riverbank (zip 95367) 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 Riverbank (zip 95367)
- The average income of a Riverbank (zip 95367) resident is $20,841 a year. The US average is $28,555 a year.
- The Median household income of a Riverbank (zip 95367) resident is $75,968 a year. The US average is $69,021 a year.