El Segundo, CA is a small beach town located in Los Angeles County. It is home to many well-known companies like Boeing, Raytheon, Northrop Grumman and AT&T. The town's cost of living is relatively high compared to the rest of the country; 2 bedroom rent in El Segundo is $2,980 while the US average is only $1,430. Additionally, El Segundo’s Grocery Cost Index stands at 109 versus 100 in the United States. Despite its higher costs of living and housing prices, El Segundo offers residents a unique experience thanks to its proximity to beaches and other attractions like shopping malls and restaurants.
El Segundo has an unemployment rate of 10.9%. The US average is 6.0%.
El Segundo has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for El Segundo
- The Sales Tax Rate for El Segundo is 9.5%. The US average is 7.3%.
- The Income Tax Rate for El Segundo 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 El Segundo
- The average income of a El Segundo resident is $42,575 a year. The US average is $28,555 a year.
- The Median household income of a El Segundo resident is $126,683 a year. The US average is $69,021 a year.