Novato, California (94947) is an ideal location for people who are looking for a two bedroom apartment at reasonable rent prices. The 2 bedroom rent in Novato is $3,080 which is much lower than the US average of $1,430. Additionally, groceries in Novato are slightly more expensive than the national average with a grocery cost index of 112 compared to 100 in the US. With plenty of local companies such as Bank of Marin, Bay West Realty, and Golden Gate Moving & Storage, Novato offers residents living near San Francisco the convenience of being close while also offering lower costs.
Novato (zip 94947) has an unemployment rate of 5.0%. The US average is 6.0%.
Novato (zip 94947) 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 94947)
- The Sales Tax Rate for Novato (zip 94947) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Novato (zip 94947) 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 94947)
- The average income of a Novato (zip 94947) resident is $43,176 a year. The US average is $28,555 a year.
- The Median household income of a Novato (zip 94947) resident is $121,833 a year. The US average is $69,021 a year.