Long Beach, CA is an attractive city in Southern California known for its vibrant culture and unique attractions. Many locals and tourists alike appreciate its stunning beaches, bustling nightlife, and delicious dining options. Local companies such as the Long Beach Aquarium of the Pacific offer a wide range of activities for visitors to enjoy, while other businesses such as Farmers Insurance help provide financial safety nets to local residents. With a 2 bedroom rent of $2,240 and a grocery cost index of 102 compared to 100 in the US, Long Beach offers an affordable lifestyle for those who call it home.
Long Beach has an unemployment rate of 11.5%. The US average is 6.0%.
Long 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 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Long Beach
- The Sales Tax Rate for Long Beach is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Long 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 Long Beach
- The average income of a Long Beach resident is $27,014 a year. The US average is $28,555 a year.
- The Median household income of a Long Beach resident is $71,150 a year. The US average is $69,021 a year.