The city of Bakersfield, CA is an ideal place to live for those looking for a more affordable cost of living. The two bedroom rent in the area only costs $970 compared to the US rate of $1,430. The Grocery Cost index is also significantly lower for Bakersfield at 98 compared to the US at 100. Such prices make it clear why so many people flock to this city.
Bakersfield is home to a variety of businesses that take advantage of these low costs and provide residents with jobs that are both high paying and stable. Some popular local companies include Amazon, Fox Theater, Dignity Health, Chevron Corporation, Quailwood Aerospace Products LLC., and Quality Industries Inc. Together these businesses help bring new economic opportunities into the city and make it one of the most desirable places to live in California.
Bakersfield (zip 93301) has an unemployment rate of 8.0%. The US average is 6.0%.
Bakersfield (zip 93301) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Bakersfield (zip 93301)
- The Sales Tax Rate for Bakersfield (zip 93301) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Bakersfield (zip 93301) 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 Bakersfield (zip 93301)
- The average income of a Bakersfield (zip 93301) resident is $20,358 a year. The US average is $28,555 a year.
- The Median household income of a Bakersfield (zip 93301) resident is $31,992 a year. The US average is $69,021 a year.