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Competitive Costs in Central California


Salinas offers a reasonable and competitive cost of doing business in California. Labor costs are lower here than in neighboring northern California cities and Salinas offers an attractive quality of life along with a diverse and skilled workforce.
 

Commercial Real Estate

Total Gross Leasable Office Space 4,115,700 Sq. Ft.
Class “A” Space Only (Approx. 19%) 770,700 Sq. Ft.
Overall Vacancy Rate (2012 ‐ 4th Qtr.) 8.8%
Class “A” Space Vacancy Rate 10.7%
Overall Asking Rate, Gross $1.72
Class “A” Space Asking Rate, Gross $2.16

 

Taxes

Top State Personal Income Tax 10.3%
Top State Corporate Income Tax 8.8%
Top State Personal Capital Gains Tax 10.3%
Top State Corporate Capital Gains Tax 8.8%
State Sales Tax 6.3%

 

Wage Information for Monterey County by Selected Occupations

Administrative Services Managers $33.73/hour
Business and Financial Operations $28.49/hour
Business Operations Specialists $28.12/hour
Computer and Information Systems Managers $63.21/hour
Computer and Mathematical Science $37.61/hour
Computer Programmers $38.33/hour
Computer Software Engineers (Applications) $51.65/hour
Computer Software Engineers (Systems Software) $37.16/hour
Computer Specialists (All Other) $40.16/hour
Computer Systems Analysts $43.00/hour
Customer Service Representatives $17.14/hour
Database Administrators $30.49/hour