Zip 90007 (Los Angeles, CA) Economy


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The city of Los Angeles, California is a vibrant and bustling urban center. The zip code 90007 is home to many trendy restaurants, bars, and theaters. The rent for a two bedroom in this area is $1,810 a month and the Grocery Cost Index is 103 compared to the US average of 100. Local businesses that are popular include Cassell’s Hamburgers which has been serving up classic burgers since 1948, Katsuya Hollywood for some delicious Japanese cuisine, and Amoeba Music for all your musical needs. Whether you’re planning to buy or rent in 90007 Los Angeles, it’s sure to have everything you need.

Los Angeles (zip 90007) has an unemployment rate of 10.6%. The US average is 6.0%.

Los Angeles (zip 90007) 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 34.6%, which is higher than the US average of 33.5%.

Tax Rates for Los Angeles (zip 90007)
- The Sales Tax Rate for Los Angeles (zip 90007) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Los Angeles (zip 90007) 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 Los Angeles (zip 90007)
- The average income of a Los Angeles (zip 90007) resident is $10,961 a year. The US average is $28,555 a year.
- The Median household income of a Los Angeles (zip 90007) resident is $33,222 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLos Angeles, CaliforniaUnited States
  10.66
  -12.2%-6.2%
  34.6%33.5%
  9.5%6.2%
  8.0%4.6%
  $20,516$37,638
  $33,222$69,021
  $45,398$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  6.1%6.8%
  7.6%10.0%
  2.6%2.5%
  8.3%11.0%
  4.4%4.8%
  0.4%0.8%
  3.0%1.9%
  1.3%4.7%
  1.6%1.9%
  6.2%7.6%
  0.0%0.1%
  4.6%4.2%
  21.5%9.3%
  9.4%14.0%
  4.5%2.1%
  9.3%7.0%
  7.1%4.8%
  1.8%4.7%
Health