Novato, CA (94945) is a vibrant, welcoming community with plenty of activities to enjoy. The median 2 bedroom rent in Novato is $2,940, which is more than double the US average of $1,430. Grocery prices are also higher than the national average at 112 compared to 100 on the cost index.
The city's economy thrives on a variety of local businesses that contribute to its growth and prosperity. Some of these include Sonoma Marin Area Rail Transit (SMART), an organization dedicated to providing public transportation throughout the area; San Marin Physical Therapy & Sports Rehabilitation, a premier provider of physical rehabilitation services; and Novato Motorsports Inc., an automotive repair shop specializing in classic cars. The success of these local businesses allows Novato to remain an active and prosperous community for its residents.
Novato (zip 94945) has an unemployment rate of 5.0%. The US average is 6.0%.
Novato (zip 94945) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Novato (zip 94945)
- The Sales Tax Rate for Novato (zip 94945) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Novato (zip 94945) 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 Novato (zip 94945)
- The average income of a Novato (zip 94945) resident is $45,813 a year. The US average is $28,555 a year.
- The Median household income of a Novato (zip 94945) resident is $109,544 a year. The US average is $69,021 a year.