Cerritos, CA is a bustling city located in Los Angeles County. With a population of nearly 50,000 people, the city is known for its local businesses and diverse climate. The average two bedroom rent in Cerritos is $3,280 per month, which is significantly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Cerritos has an index of 104 relative to 100 in the US. \nThe city of Cerritos boasts a number of thriving local companies such as Pacific Investment Group and Medley Capital Corporation. These businesses provide job opportunities for locals and contribute to the city’s economy. Visitors also appreciate Cerritos’s mild climate year-round with temperatures ranging from 45 to 90 degrees Fahrenheit throughout different seasons. People from all over come to enjoy this beautiful area and all it has to offer.
Cerritos (zip 90703) has an unemployment rate of 9.0%. The US average is 6.0%.
Cerritos (zip 90703) has seen the job market decrease by -12.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Cerritos (zip 90703)
- The Sales Tax Rate for Cerritos (zip 90703) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Cerritos (zip 90703) 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 Cerritos (zip 90703)
- The average income of a Cerritos (zip 90703) resident is $46,292 a year. The US average is $37,638 a year.
- The Median household income of a Cerritos (zip 90703) resident is $115,272 a year. The US average is $69,021 a year.