Paramount, CA is a city located in Los Angeles county in southern California. It is home to many local businesses such as Paramount Tees, Paramount Landscaping, Paramount Auto Repair, and The Glass House of Paramount. The cost of living in the area is slightly higher than the US average with a two bedroom rental at $2,130 compared to $1,430 nationally and a grocery cost index of 100 compared to 100 for the US. Despite this, the city has much to offer its residents including various shops and restaurants and plenty of job opportunities.
Paramount has an unemployment rate of 13.4%. The US average is 6.0%.
Paramount 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 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Paramount
- The Sales Tax Rate for Paramount is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Paramount 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 Paramount
- The average income of a Paramount resident is $14,168 a year. The US average is $28,555 a year.
- The Median household income of a Paramount resident is $60,456 a year. The US average is $69,021 a year.