Menlo Park, CA (94025) is an affluent city known for its high-end shopping, luxurious homes, and tech companies. Home of Facebook headquarters, Menlo Park is a prime destination for business professionals. With an average 2 bedroom rent of $3,740 compared to the US average of $1,430 and a grocery cost index of 122 versus the US at 100, it is clear that living in this city comes with more costs than most other places in United States. Companies such as Facebook, Tesla Motors, SpaceX and others have their headquarters in Menlo Park making it an ideal spot for many tech-savvy workers looking to break into the industry. Ultimately \"the price tag\" on living in Menlo Park may be higher than other areas but those advantages are clear when looking at the company landscape of the Silicon Valley hub.
Menlo Park (zip 94025) has an unemployment rate of 3.9%. The US average is 6.0%.
Menlo Park (zip 94025) 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 40.8%, which is higher than the US average of 33.5%.
Tax Rates for Menlo Park (zip 94025)
- The Sales Tax Rate for Menlo Park (zip 94025) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Menlo Park (zip 94025) 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 Menlo Park (zip 94025)
- The average income of a Menlo Park (zip 94025) resident is $69,787 a year. The US average is $28,555 a year.
- The Median household income of a Menlo Park (zip 94025) resident is $183,750 a year. The US average is $69,021 a year.