Portola Valley, CA is a small city in San Mateo County with a population of just under 4,000 people. It is a wealthy area that boasts an average household income over $200,000. The 2 bedroom rent in this area is $3,340 which is much higher than the US average of $1,430. Additionally, the Grocery Cost Index in Portola Valley is 128 versus 100 in the US. This means that grocery prices are significantly higher than the national average.
The local economy in Portola Valley is mainly supported by its high-tech research industry which includes companies such as Cadence Design Systems and Oracle Corporation. There are also a range of smaller businesses such as the Peacock Gap Golf Club and Fazio's restaurant that provide additional employment opportunities for locals.
Portola Valley (zip 94028) has an unemployment rate of 5.0%. The US average is 6.0%.
Portola Valley (zip 94028) has seen the job market decrease by -9.5% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Portola Valley (zip 94028)
- The Sales Tax Rate for Portola Valley (zip 94028) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Portola Valley (zip 94028) 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 Portola Valley (zip 94028)
- The average income of a Portola Valley (zip 94028) resident is $151,232 a year. The US average is $37,638 a year.
- The Median household income of a Portola Valley (zip 94028) resident is $250,001 a year. The US average is $69,021 a year.