95123 San Jose, CA is a great place to live for those looking for affordability. With a two bedroom rent of $2,920, which is significantly lower than the national average of $1,430, it allows for an affordable lifestyle. The grocery cost index in 95123 San Jose is also quite low – with an index of 113 versus 100 in the US which makes it easier to save money on groceries. Additionally, many local companies such as Adobe Systems and Cisco Systems have their headquarters located in 95123 San Jose which helps drive down the cost of living through more job opportunities and higher wages. These companies also are able to provide several benefits such as health insurance and retirement plans at a lower cost compared to other employers. All these factors make 95123 San Jose an ideal place for those seeking affordability while still having access to well-paying jobs.
San Jose (zip 95123) has an unemployment rate of 5.6%. The US average is 6.0%.
San Jose (zip 95123) 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 95123)
- The Sales Tax Rate for San Jose (zip 95123) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for San Jose (zip 95123) 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 95123)
- The average income of a San Jose (zip 95123) resident is $36,350 a year. The US average is $28,555 a year.
- The Median household income of a San Jose (zip 95123) resident is $124,389 a year. The US average is $69,021 a year.