Los Angeles, County in California is a hub for business and cultural activities. Not only does the city offer some of the best shopping, dining, entertainment, and tourist attractions in the country but it also has excellent employment opportunities. Many large companies reside in Los Angeles County such as Disney, Apple, Microsoft and Universal Studios. The cost of living is slightly higher than other areas with 2 bedroom rent averaging at $2,220 compared to the US average of $1,430. Grocery cost index is also higher with 104 being reported in Los Angeles County compared to 100 in the US. Despite this difference in prices, local residents are still able to enjoy a comfortable life due to higher wages amongst L.A county employers.
Los Angeles County has an unemployment rate of 10.9%. The US average is 6.0%.
Los Angeles County 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 Los Angeles County
- The Sales Tax Rate for Los Angeles County is 9.6%. The US average is 7.3%.
- The Income Tax Rate for Los Angeles County 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 Los Angeles County
- The average income of a Los Angeles County resident is $27,987 a year. The US average is $28,555 a year.
- The Median household income of a Los Angeles County resident is $76,367 a year. The US average is $69,021 a year.