Zip 96003 (Redding, CA) Economy


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The city of Redding, California (96003) is an affordable place to rent a two-bedroom apartment. The average rent for two bedrooms is $1,510, compared to the US average of $1,430. It also has a low cost of living index, with groceries costing around 100 points relative to the national index of 100. For those looking for employment opportunities in Redding, it boasts a strong job market as well as several Fortune 500 companies with local offices such as Walmart and Target. Many small businesses also dot the landscape including restaurants and diners, boutique shops and antique stores, and much more. There's plenty of outdoor recreation available too, with multiple parks and trails perfect for hiking or biking. All in all, Redding looks like an interesting place to visit or live!

Redding (zip 96003) has an unemployment rate of 6.8%. The US average is 6.0%.

Redding (zip 96003) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.

Tax Rates for Redding (zip 96003)
- The Sales Tax Rate for Redding (zip 96003) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Redding (zip 96003) 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 Redding (zip 96003)
- The average income of a Redding (zip 96003) resident is $24,943 a year. The US average is $28,555 a year.
- The Median household income of a Redding (zip 96003) resident is $63,159 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRedding, CaliforniaUnited States
  6.86
  -4.1%-6.2%
  31.4%33.5%
  7.3%6.2%
  8.0%4.6%
  $34,158$37,638
  $63,159$69,021
  $81,378$85,028
  Population by Occupation
  1.7%1.2%
  0.1%0.5%
  7.1%6.8%
  5.1%10.0%
  1.8%2.5%
  13.6%11.0%
  3.7%4.8%
  1.0%0.8%
  1.2%1.9%
  3.0%4.7%
  1.9%1.9%
  4.5%7.6%
  0.1%0.1%
  3.6%4.2%
  9.8%9.3%
  17.5%14.0%
  2.2%2.1%
  7.4%7.0%
  7.3%4.8%
  7.4%4.7%
Health