Richmond, CA is a bustling city located in the San Francisco Bay Area. The city has a population of over 107,000 people and is home to many major companies, such as Chevron Corporation, Sungevity Inc., and Nafinsa USA. The 2 bedroom rent in Richmond is $2,170, which is higher than the US average of $1,430. Additionally, the Grocery Cost Index in Richmond is 110 compared to 100 in the US. This increased cost of living reflects the higher wages available for jobs within the local economy. With many major companies located in Richmond providing high quality job opportunities, it's no wonder why people are flocking to this beautiful Bay Area city.
Richmond (zip 94805) has an unemployment rate of 8.6%. The US average is 6.0%.
Richmond (zip 94805) has seen the job market decrease by -9.0% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Richmond (zip 94805)
- The Sales Tax Rate for Richmond (zip 94805) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 94805) 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 Richmond (zip 94805)
- The average income of a Richmond (zip 94805) resident is $48,258 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 94805) resident is $95,534 a year. The US average is $69,021 a year.