Newport Beach, CA (92660) is a popular destination for young professionals looking for an affordable place to live. The 2 bedroom rent in the area is $3,670, which is significantly higher than the US average of $1,430. While living expenses may be higher than other parts of the country, there are also plenty of opportunities for work in Newport Beach. Major employers in the area include Hoag Hospital, PIMCO Investments, and Balboa Bay Club. The grocery cost index in Newport Beach is 114 compared to the national average of 100 – meaning groceries are slightly more expensive here than they are elsewhere.
Newport Beach (zip 92660) has an unemployment rate of 5.0%. The US average is 6.0%.
Newport Beach (zip 92660) has seen the job market increase by 0.6% 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 Newport Beach (zip 92660)
- The Sales Tax Rate for Newport Beach (zip 92660) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Newport Beach (zip 92660) 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 Newport Beach (zip 92660)
- The average income of a Newport Beach (zip 92660) resident is $74,398 a year. The US average is $28,555 a year.
- The Median household income of a Newport Beach (zip 92660) resident is $142,500 a year. The US average is $69,021 a year.