San Jose, CA 95116 has a unique mix of local businesses and culture. From large corporations like Adobe Systems and Avaya, to small startups like Zoom Technologies and Kite Computing Solutions, there is something for everyone in Silicon Valley. In terms of rental prices, 2 bedroom apartments are slightly more expensive in San Jose than the national average according to data from Numbeo. The average rent for a 2 bedroom apartment is $2,570 compared to the US average of $1,430. Grocery Cost Index in San Jose is 111 versus 100 in the US which means that grocery costs are 11% higher than the rest of the country on average
San Jose (zip 95116) has an unemployment rate of 5.6%. The US average is 6.0%.
San Jose (zip 95116) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for San Jose (zip 95116)
- The Sales Tax Rate for San Jose (zip 95116) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for San Jose (zip 95116) 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 San Jose (zip 95116)
- The average income of a San Jose (zip 95116) resident is $18,043 a year. The US average is $28,555 a year.
- The Median household income of a San Jose (zip 95116) resident is $76,339 a year. The US average is $69,021 a year.