Santa Monica, California's zip code 90402 is a vibrant community that offers a variety of local businesses, activities and amenities. The 2-bedroom rent in Santa Monica is $2,870 which is significantly higher than the national average of $1,430. Grocery costs in the area are also higher with an index of 121 compared to the national average of 100. Here you will find many popular restaurants, cafes and stores such as The Omelette Bar, Bodhi Bowl and Franklin Antiques. There are plenty of outdoor activities from spending a day at the beach to taking a stroll through Palisades Park or indulging in a shopping spree at Third Street Promenade. With so much to do in this bustling city, it’s no wonder why Santa Monica has become one of the most sought after places to live on the West Coast.
Santa Monica (zip 90402) has an unemployment rate of 7.9%. The US average is 6.0%.
Santa Monica (zip 90402) 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 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Santa Monica (zip 90402)
- The Sales Tax Rate for Santa Monica (zip 90402) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Santa Monica (zip 90402) 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 Santa Monica (zip 90402)
- The average income of a Santa Monica (zip 90402) resident is $107,106 a year. The US average is $28,555 a year.
- The Median household income of a Santa Monica (zip 90402) resident is $139,667 a year. The US average is $69,021 a year.