London, CA is a wonderful city located in the northern part of California. It has a small population of just over 8,000 people, making it the perfect place to live for those looking to escape the hustle and bustle of larger cities. The cost of living in London is very affordable with a 2 bedroom rent being just $1,120 compared to $1,430 across the US. Grocery costs are also below average in London as their Grocery Cost Index is 99 versus 100 in the US. This city has plenty of local businesses that allow residents to shop local such as Bakersfield Hardware & Lumber which offers tools and materials for all do-it-yourselfers or Cowboy Café which serves up delicious breakfast burritos. There’s also Bob’s World Music & Art where you can find vinyl records from around the world and Gordon's Jewelers for those special gifts and occasions.
London has an unemployment rate of 11.6%. The US average is 6.0%.
London has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for London
- The Sales Tax Rate for London is 8.5%. The US average is 7.3%.
- The Income Tax Rate for London 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 London
- The average income of a London resident is $8,026 a year. The US average is $28,555 a year.
- The Median household income of a London resident is $34,750 a year. The US average is $69,021 a year.