Castro Valley is an economic survey area in Alameda County, California, with a population of roughly 63,013 people. The metropolis, which was formerly known for its chicken farms, is now recognized as a commuter city and Oakland suburb. The unemployment rate in Castro Valley is 6.5 percent, whereas the national average is 6.0 percent. Over the previous year, the employment market in this city has grown by 1.4 percent. Furthermore, a Castro Valley resident’s typical family income is $83,442, which is greater than the national average. Castro Valley’s cost of living is projected to be 154.7 percent more than the national average, making it one of the most expensive places in the United States.
The city of Castro Valley, California, can help you if you are facing financial difficulties. It has allowed unsecured loans, such as payday loans, with a borrowing cap of $300. However, you must be a US citizen and at least 18 years old. According to state rules, these short-term loans have a 31-day repayment period and allow business owners to charge 15% interest on each $100 borrowed, for a total annual percentage rate of 460 percent. There is also a $15 charge for insufficient money, and all unlawful acts are prohibited.