Bakersfield, CA is a city with many opportunities for growth in both population and businesses. The 2 bedroom rent in 93304 Bakersfield, CA is $1,150 compared to the US average of $1,430. This makes housing more affordable in the area. There are numerous local companies such as Halliburton Energy Services Inc., State Farm Insurance Companies, and Kern Medical Center that provide jobs to local residents. The grocery cost index for 93304 Bakersfield, CA is 98 versus 100 in the US which indicates that groceries are cheaper than other parts of the country. As a result, living costs in Bakersfield are lower than elsewhere making it an attractive place to live or work.
Bakersfield (zip 93304) has an unemployment rate of 8.0%. The US average is 6.0%.
Bakersfield (zip 93304) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Bakersfield (zip 93304)
- The Sales Tax Rate for Bakersfield (zip 93304) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Bakersfield (zip 93304) 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 Bakersfield (zip 93304)
- The average income of a Bakersfield (zip 93304) resident is $19,259 a year. The US average is $37,638 a year.
- The Median household income of a Bakersfield (zip 93304) resident is $45,563 a year. The US average is $69,021 a year.