Central, LA is a vibrant and diverse city located in the heart of Los Angeles. It boasts a variety of businesses, ranging from tech startups to museums to restaurants. Some well-known companies based in Central, LA include Google, Microsoft, Uber, Lyft, and Diageo. The cost of living in Central, LA is quite reasonable; the average rent for a 2 bedroom apartment is just $1,030 compared to $1,430 across the United States. Additionally, the Grocery Cost Index in Central is actually lower than across the rest of the country at 97 versus 100 respectively. Overall Central LA presents an attractive option for those looking for a lively city with relatively low costs of living.
Central has an unemployment rate of 3.3%. The US average is 6.0%.
Central has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Central
- The Sales Tax Rate for Central is 9.9%. The US average is 7.3%.
- The Income Tax Rate for Central is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Central
- The average income of a Central resident is $30,408 a year. The US average is $28,555 a year.
- The Median household income of a Central resident is $83,947 a year. The US average is $69,021 a year.