Berkeley, CA 94708 is one of the most expensive places to live in the US. The average rent for a two bedroom apartment here is $3,540 per month, which is significantly higher than the national average of $1,430. Similarly, grocery costs are also higher here with an index of 115 compared to 100 nationally. To make it even more difficult, Berkeley’s taxes are high too. Local companies that Berkeley citizens can trust include R & S Tax Service Inc., Orca Tax Solutions Inc., Diversified Tax Group LLC, and Wolfe & Associates LLP. All of these services offer a variety of tax services to help people living in Berkeley save money and understand what they owe while filing their taxes.
Berkeley (zip 94708) has an unemployment rate of 5.1%. The US average is 6.0%.
Berkeley (zip 94708) 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 94708)
- The Sales Tax Rate for Berkeley (zip 94708) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Berkeley (zip 94708) 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 94708)
- The average income of a Berkeley (zip 94708) resident is $81,517 a year. The US average is $28,555 a year.
- The Median household income of a Berkeley (zip 94708) resident is $201,099 a year. The US average is $69,021 a year.