Newport Beach, CA is a desirable place to live; it has higher than average housing costs, but the luxurious lifestyle that comes with living in this coastal city of Orange County makes up for it. The 2 bedroom rent in Newport Beach is $3,370 compared to the US rate of $1,430. Even groceries cost more here with an index of 115 compared to 100 in the US. This idyllic city has much to offer - from stunning beaches and adventure activities such as surfing and paddle boarding, to dynamic attractions like the Balboa Fun Zone and some of Orange County’s best restaurants. Popular local companies include Charter One Realty, Windward Real Estate Group and Balboa Coast Realty.
Newport Beach has an unemployment rate of 5.0%. The US average is 6.0%.
Newport Beach has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Newport Beach
- The Sales Tax Rate for Newport Beach is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Newport Beach 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 Newport Beach
- The average income of a Newport Beach resident is $78,012 a year. The US average is $28,555 a year.
- The Median household income of a Newport Beach resident is $142,463 a year. The US average is $69,021 a year.