Hermosa Beach is a city located in California along the Pacific coast. It is known for its stunning beaches and lively atmosphere. It is home to many local businesses such as the Kincaid's Fish Restaurant, which offers fresh seafood dishes, and the Hermosa Beach Pier, which provides excellent views of the ocean. Additionally, Hermosa Beach has a unique cost of living when compared to other places in the US. The 2 bedroom rental rate here is $3,370 per month compared to just $1,430 nationally--a full two times higher. The Grocery Cost Index for Hermosa Beach is also 112 versus 100 in the US; this means that groceries are slightly more expensive than average in this city.
Hermosa Beach has an unemployment rate of 10.9%. The US average is 6.0%.
Hermosa Beach 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 Hermosa Beach
- The Sales Tax Rate for Hermosa Beach is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Hermosa 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 Hermosa Beach
- The average income of a Hermosa Beach resident is $74,730 a year. The US average is $28,555 a year.
- The Median household income of a Hermosa Beach resident is $144,388 a year. The US average is $69,021 a year.