Zip 94516 (Canyon, CA) Economy


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\nCanyon, CA is a small city in Alameda County with a population of 94516. The 2 Bedroom Rent in this area is $2,720 and the US average for 2 Bedroom Rent is $1,430. Additionally, the Grocery Cost Index in Canyon is 110 versus 100 in the US. There are many local companies that serve Canyon, CA such as Canyon Security Systems, Canyon Carpet Cleaners, and Canyon Home Repair. These companies offer top quality products and services to residents of this town. They strive to deliver excellent customer service and satisfaction at a fair price.

Canyon (zip 94516) has an unemployment rate of 6.8%. The US average is 6.0%.

Canyon (zip 94516) 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 36.9%, which is higher than the US average of 33.5%.

Tax Rates for Canyon (zip 94516)
- The Sales Tax Rate for Canyon (zip 94516) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Canyon (zip 94516) 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 Canyon (zip 94516)
- The average income of a Canyon (zip 94516) resident is $48,766 a year. The US average is $28,555 a year.
- The Median household income of a Canyon (zip 94516) resident is $122,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCanyon, CaliforniaUnited States
  6.86
  -9.0%-6.2%
  36.9%33.5%
  8.3%6.2%
  8.0%4.6%
  $48,571$37,638
  $122,917$69,021
  $172,917$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  42.7%6.8%
  1.0%10.0%
  0.0%2.5%
  1.0%11.0%
  0.0%4.8%
  0.0%0.8%
  19.8%1.9%
  4.2%4.7%
  0.0%1.9%
  4.2%7.6%
  3.1%0.1%
  0.0%4.2%
  3.1%9.3%
  20.8%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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