Westwood, CA is a popular suburban area located in Los Angeles County. It is known for its plethora of local businesses and excellent cost of living. Companies such as Spark Networks, Northrop Grumman Corporation, and Vista Equity Partners have offices in this area. Additionally, 2 bedroom rent in Westwood is slightly lower than the US average at $1,150 compared to the national 2 bedroom rent average of $1,430 per month. Grocery costs are also lower than most of the country with an index score of 101 versus 100 nationally. With these low expenses Westwood continues to be an attractive option for many residents.
Westwood has an unemployment rate of 6.6%. The US average is 6.0%.
Westwood 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 13.0%, which is lower than the US average of 33.5%.
Tax Rates for Westwood
- The Sales Tax Rate for Westwood is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Westwood 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 Westwood
- The average income of a Westwood resident is $20,710 a year. The US average is $28,555 a year.
- The Median household income of a Westwood resident is $41,597 a year. The US average is $69,021 a year.