Zip 94608 (Oakland, CA) Economy


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Oakland, CA is a great place to live with plenty of options for housing. The median 2 bedroom rent in 94608 Oakland is $2,700, which is almost double the national average of $1,430. Additionally, the Grocery Cost Index in this area is 111 compared to 100 nationally. There are many companies local to the 94608 Oakland area ranging from tech giants like Pandora and Ask.com to smaller local businesses like Craftsman and Wolves bakery or Farley's East coffee shop. No matter what type of business you're looking for, Oakland has something for everyone!

Oakland (zip 94608) has an unemployment rate of 7.7%. The US average is 6.0%.

Oakland (zip 94608) 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 35.3%, which is higher than the US average of 33.5%.

Tax Rates for Oakland (zip 94608)
- The Sales Tax Rate for Oakland (zip 94608) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Oakland (zip 94608) 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 Oakland (zip 94608)
- The average income of a Oakland (zip 94608) resident is $39,577 a year. The US average is $28,555 a year.
- The Median household income of a Oakland (zip 94608) resident is $106,037 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOakland, CaliforniaUnited States
  7.76
  -9.0%-6.2%
  35.3%33.5%
  9.3%6.2%
  8.0%4.6%
  $63,394$37,638
  $106,037$69,021
  $124,318$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  4.3%6.8%
  7.5%10.0%
  1.4%2.5%
  9.8%11.0%
  4.3%4.8%
  0.6%0.8%
  5.3%1.9%
  4.9%4.7%
  1.4%1.9%
  20.6%7.6%
  0.0%0.1%
  2.9%4.2%
  10.6%9.3%
  11.3%14.0%
  3.6%2.1%
  4.5%7.0%
  4.0%4.8%
  2.7%4.7%
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