Montecito, CA (93108) is a beautiful city located in Santa Barbara County. It offers a wide range of amenities and entertainment options to its residents. The average two bedroom rent for the area is $4,010 which is slightly higher than the US average of $1,430. In addition to this, Montecito’s Grocery Cost Index (121) is also higher than the US average (100), making it an expensive living option. Some local companies include Montecito Bank & Trust, Santa Barbara Cottage Hospital and Montecito Fire Protection District. These companies provide essential services to the community as well as employment opportunities.
Montecito (zip 93108) has an unemployment rate of 6.6%. The US average is 6.0%.
Montecito (zip 93108) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Montecito (zip 93108)
- The Sales Tax Rate for Montecito (zip 93108) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Montecito (zip 93108) 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 Montecito (zip 93108)
- The average income of a Montecito (zip 93108) resident is $117,294 a year. The US average is $37,638 a year.
- The Median household income of a Montecito (zip 93108) resident is $192,303 a year. The US average is $69,021 a year.