Foster City, CA is a community located in San Mateo County with a population of 32,068. The average rent for a two bedroom apartment in Foster City is $4,690 which is higher than the national average of $1,430. Additionally, the grocery cost index in Foster City is 117 versus 100 in the US. This suggests that purchasing groceries in Foster City may be more expensive than other areas.
The city of Foster City is home to various companies including Visa Inc., Sony Interactive Entertainment America LLC, and Gilead Sciences Inc. These businesses have helped fuel local economic growth while providing many job opportunities for citizens.
Living in Foster City often comes with a higher cost of living due to higher rental rates and increased food costs compared to other areas. Despite those factors, it remains an attractive area to live due to its excellent schools and short commute times to larger cities such as San Francisco and Silicon Valley.
Foster City (zip 94404) has an unemployment rate of 3.8%. The US average is 6.0%.
Foster City (zip 94404) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 42.4%, which is higher than the US average of 33.5%.
Tax Rates for Foster City (zip 94404)
- The Sales Tax Rate for Foster City (zip 94404) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Foster City (zip 94404) 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 Foster City (zip 94404)
- The average income of a Foster City (zip 94404) resident is $81,411 a year. The US average is $37,638 a year.
- The Median household income of a Foster City (zip 94404) resident is $166,203 a year. The US average is $69,021 a year.