95340 Merced, CA is a great place to live for those looking for affordable housing and practical costs of living. The average 2 bedroom rent in 95340 is $1,290 compared to the US average of $1,430 making it an attractive area for renters. Additionally, Merced has a grocery cost index of 100, which is equal to the national average. With a steady population growth rate and plenty of job opportunities from local companies such as Foster Poultry Farms, Inc., Merced Motor Express, Inc., and U.S. Cold Storage, LLC just to name a few; it's no wonder that more and more people are calling 95340 Merced home.
Merced (zip 95340) has an unemployment rate of 9.3%. The US average is 6.0%.
Merced (zip 95340) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Merced (zip 95340)
- The Sales Tax Rate for Merced (zip 95340) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Merced (zip 95340) 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 Merced (zip 95340)
- The average income of a Merced (zip 95340) resident is $30,556 a year. The US average is $37,638 a year.
- The Median household income of a Merced (zip 95340) resident is $59,034 a year. The US average is $69,021 a year.