Modesto, CA is an affordable area to live with a 2 bedroom rent averaging $1,370 compared to the US average of $1,430. The cost of living is also lower as the Grocery Cost Index in Modesto is 103 compared to the US index of 100. Notable local companies in Modesto include E&J Gallo Winery, Blue Diamond Growers, and Foster Farms. The housing market in Modesto has been relatively stable recently with steady growth in home values. This has been largely attributed to its diverse economy and competitive prices for property. With plenty of jobs available and affordable housing options, it's easy to see why Modesto is a desirable place to live.
Modesto (zip 95354) has an unemployment rate of 8.0%. The US average is 6.0%.
Modesto (zip 95354) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Modesto (zip 95354)
- The Sales Tax Rate for Modesto (zip 95354) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Modesto (zip 95354) 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 Modesto (zip 95354)
- The average income of a Modesto (zip 95354) resident is $25,926 a year. The US average is $37,638 a year.
- The Median household income of a Modesto (zip 95354) resident is $54,808 a year. The US average is $69,021 a year.