Zip 93950 (Pacific Grove, CA) Economy


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93950 Pacific Grove, CA is located in Monterey County and offers a variety of housing types for every budget. The median 2 bedroom rent price is $3,610 which is significantly higher than the national average of $1,430. Grocery Cost Index in Pacific Grove is 112 versus 100 nationally. There are plenty of local businesses to support the community such as Midtown Deli & Yogurt on Lighthouse Avenue and Sweet Bella Bakery on Central Avenue. Housing options vary from single family homes to condominiums; there is something for everyone ranging from luxury apartments to more affordable options. Pacific Grove also offers great amenities such as restaurants, cafes, parks, shopping centers, and trendy boutiques.

Pacific Grove (zip 93950) has an unemployment rate of 10.4%. The US average is 6.0%.

Pacific Grove (zip 93950) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.

Tax Rates for Pacific Grove (zip 93950)
- The Sales Tax Rate for Pacific Grove (zip 93950) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Pacific Grove (zip 93950) 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 Pacific Grove (zip 93950)
- The average income of a Pacific Grove (zip 93950) resident is $46,690 a year. The US average is $28,555 a year.
- The Median household income of a Pacific Grove (zip 93950) resident is $92,980 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPacific Grove, CaliforniaUnited States
  10.46
  -8.1%-6.2%
  27.1%33.5%
  8.8%6.2%
  8.0%4.6%
  $54,881$37,638
  $92,980$69,021
  $130,430$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  6.5%6.8%
  1.9%10.0%
  1.3%2.5%
  8.1%11.0%
  1.9%4.8%
  0.5%0.8%
  2.2%1.9%
  1.7%4.7%
  3.2%1.9%
  10.7%7.6%
  0.2%0.1%
  2.7%4.2%
  16.8%9.3%
  13.3%14.0%
  6.5%2.1%
  11.2%7.0%
  3.9%4.8%
  7.0%4.7%
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