San Mateo, California is a great place to live and work. The two-bedroom rent in the city is $3,530, which is much higher than the national average of $1,430. This high cost of rent reflects San Mateo’s popular job market; the city is home to many large companies including Oracle Corporation, SolarCity, and GoPro Inc. To offset the higher rent costs, San Mateo boasts a low Grocery Cost Index of 120 compared to the US at 100 – meaning that groceries are actually cheaper in this city than they are nationwide. For example, an item like a dozen eggs that usually costs about $2.00 in most US cities would only be around $1.60 in San Mateo.
San Mateo (zip 94402) has an unemployment rate of 4.4%. The US average is 6.0%.
San Mateo (zip 94402) 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 38.7%, which is higher than the US average of 33.5%.
Tax Rates for San Mateo (zip 94402)
- The Sales Tax Rate for San Mateo (zip 94402) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for San Mateo (zip 94402) 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 Mateo (zip 94402)
- The average income of a San Mateo (zip 94402) resident is $64,175 a year. The US average is $28,555 a year.
- The Median household income of a San Mateo (zip 94402) resident is $170,688 a year. The US average is $69,021 a year.