Zip 94611 (Oakland, CA) Economy


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Located in the beautiful Oakland, California, 94611 is a great place to rent a two bedroom home for $2,320. Compared to the national average of $1,430 for two bedroom rent, Oakland is slightly more expensive but still quite affordable. And with its abundance of local businesses and seasonal activities, the city has much to offer its residents. You can visit well-known eateries like Bay Wolf Restaurant and Grand Lake Kitchen or take part in outdoor activities at Lake Merritt or Redwood Regional Park. Additionally, you can explore an array of cultural events at Museum of California Art or catch live music performances at Yoshi’s Jazz Club. With such a wide range of exciting experiences available year round, Oakland is an ideal place to call home. The grocery cost index for 94611 is 115 versus 100 in the US which indicates that groceries are more expensive than average in this area.

Oakland (zip 94611) has an unemployment rate of 7.7%. The US average is 6.0%.

Oakland (zip 94611) 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 94611)
- The Sales Tax Rate for Oakland (zip 94611) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Oakland (zip 94611) 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 94611)
- The average income of a Oakland (zip 94611) resident is $73,168 a year. The US average is $28,555 a year.
- The Median household income of a Oakland (zip 94611) resident is $147,080 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%
  $92,883$37,638
  $147,080$69,021
  $213,891$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.2%6.8%
  5.7%10.0%
  2.0%2.5%
  6.5%11.0%
  2.9%4.8%
  0.5%0.8%
  3.9%1.9%
  4.8%4.7%
  3.9%1.9%
  22.1%7.6%
  0.5%0.1%
  3.5%4.2%
  11.6%9.3%
  13.1%14.0%
  4.0%2.1%
  4.6%7.0%
  3.7%4.8%
  4.6%4.7%
Health