Zip 93463 (Solvang, CA) Economy


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The city of Solvang, California (93463) is an attractive area for many due to its pleasant climate and ample recreational activities. The cost of a two-bedroom apartment rental here is $2,500, slightly higher than the US average of $1,430. Grocery costs are also slightly higher here, with an index score of 111 versus 100 in the US.
Solvang offers plenty of entertainment options for residents and visitors alike. Popular local companies include Solvang Bakery & Restaurant, OstrichLand USA, Santa Ynez Valley Brewery, and Torrin Wines. Tourists can explore popular attractions such as the Elverhøj Museum of History & Art or visit nearby vineyards in the Santa Ynez Valley. With such wonderful amenities available year round, it's no wonder that so many people choose to call this place home!

Solvang (zip 93463) has an unemployment rate of 6.6%. The US average is 6.0%.

Solvang (zip 93463) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.

Tax Rates for Solvang (zip 93463)
- The Sales Tax Rate for Solvang (zip 93463) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Solvang (zip 93463) 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 Solvang (zip 93463)
- The average income of a Solvang (zip 93463) resident is $40,131 a year. The US average is $28,555 a year.
- The Median household income of a Solvang (zip 93463) resident is $115,112 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySolvang, CaliforniaUnited States
  6.66
  -6.5%-6.2%
  26.7%33.5%
  7.8%6.2%
  8.0%4.6%
  $65,117$37,638
  $115,112$69,021
  $146,143$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  4.7%6.8%
  16.9%10.0%
  0.8%2.5%
  8.7%11.0%
  2.6%4.8%
  0.0%0.8%
  2.7%1.9%
  4.5%4.7%
  2.5%1.9%
  9.2%7.6%
  0.0%0.1%
  3.2%4.2%
  3.9%9.3%
  8.6%14.0%
  4.9%2.1%
  10.1%7.0%
  7.8%4.8%
  7.7%4.7%
Health