Downey, CA is located in Los Angeles County and is known for its diverse population and vibrant culture. It is home to many popular local businesses, such as the Downey Dodge dealership, JT's Grill & Sports Bar, and the Downey Artisan Boutique. The city has several attractions as well as parks for outdoor activities including Furman Park, Rio San Gabriel Park, and Los Amigos Golf Course. The average cost of living in Downey is slightly higher than the national average with an average 2 bedroom rent of $2,280 compared to $1,430 in the US. The Grocery Cost Index in Downey is 102 compared to 100 nationally. Despite the higher cost of living, Downey residents are able to enjoy a variety of amenities and attractions while still maintaining affordable housing options.
Downey has an unemployment rate of 11.6%. The US average is 6.0%.
Downey 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 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Downey
- The Sales Tax Rate for Downey is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Downey 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 Downey
- The average income of a Downey resident is $23,216 a year. The US average is $28,555 a year.
- The Median household income of a Downey resident is $77,972 a year. The US average is $69,021 a year.