Redwood City, CA with a zip code of 94063 is a great place to live. Located in San Mateo County, it's conveniently close to San Francisco and Silicon Valley making it an ideal spot for tech professionals. The average 2 bedroom rental here is $3,220, which is higher than the US average of $1,430 but affordable considering the benefits that come with living in this area. Additionally, groceries here cost more than they do in other cities at 115 on the cost index versus an index score of 100 across the US. Redwood City is home to many well-known companies including Oracle Corporation, Electronic Arts Inc., and Stanford Health Care. With beautiful views and plenty of activities to enjoy in town as well as nearby places like Palo Alto or Half Moon Bay, Redwood City offers an excellent quality of life for those who can afford its comfortable median rent.
Redwood City (zip 94063) has an unemployment rate of 4.4%. The US average is 6.0%.
Redwood City (zip 94063) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Redwood City (zip 94063)
- The Sales Tax Rate for Redwood City (zip 94063) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Redwood City (zip 94063) 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 Redwood City (zip 94063)
- The average income of a Redwood City (zip 94063) resident is $23,282 a year. The US average is $28,555 a year.
- The Median household income of a Redwood City (zip 94063) resident is $94,028 a year. The US average is $69,021 a year.