Malibu, CA is a well known beach city located on the California coast. It is a great place to live with many attractions and activities for all types of people. Popular local companies include Malibu Surf Shack, Malibu Beach Fitness, and Trancas Market Place. In terms of rent, the 2 bedroom rate for Malibu is $3,320 compared to the US average of $1,430 - almost twice as much as what most individuals would pay elsewhere. Similarly, Malibu’s Grocery Cost Index is 118 versus 100 in the US - higher than other areas in the country. This makes it more expensive to purchase food items such as fruits, vegetables and lean proteins within the city limits than outside of it.
Malibu has an unemployment rate of 10.9%. The US average is 6.0%.
Malibu 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 Malibu
- The Sales Tax Rate for Malibu is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Malibu 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 Malibu
- The average income of a Malibu resident is $95,212 a year. The US average is $28,555 a year.
- The Median household income of a Malibu resident is $178,594 a year. The US average is $69,021 a year.