Covina, CA is a vibrant city located in Los Angeles County. It has a pleasant climate, and a growing population of over 48,000 people. The cost of living can be high with rental prices reaching an average of $2,320 for two-bedroom apartments. Groceries are more expensive than the national average as well, with a grocery cost index of 102 compared to 100 in the US.
There are several local companies that make Covina their home such as ADP Global Solutions Center, Covina Valley Unified School District, and OneLegacy. Additional businesses include BJ's Restaurant & Brewhouse, CVS Pharmacy Group, and Starbucks Distribution Center all offering employment opportunities to many locals.
Covina has an unemployment rate of 11.8%. The US average is 6.0%.
Covina 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 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Covina
- The Sales Tax Rate for Covina is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Covina 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 Covina
- The average income of a Covina resident is $25,622 a year. The US average is $28,555 a year.
- The Median household income of a Covina resident is $81,570 a year. The US average is $69,021 a year.