Covina, CA is a great place to live. With a population of 48,817, Covina offers plenty of activities and amenities for its residents. The 2 bedroom rental price in the area is $2,610 which is slightly higher than the average US 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index for Covina is 102 versus 100 in the US. This makes Covina an affordable option for potential residents looking to settle down in Southern California. There are several local companies such as Walmart and Bank of America that have locations in Covina. Other businesses include 7-Eleven, McDonald's, Starbucks and In-N-Out Burger. With so much to offer Covina provides an excellent quality of living that appeals to both young families and retirees alike.
Covina (zip 91724) has an unemployment rate of 11.8%. The US average is 6.0%.
Covina (zip 91724) 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 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Covina (zip 91724)
- The Sales Tax Rate for Covina (zip 91724) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Covina (zip 91724) 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 Covina (zip 91724)
- The average income of a Covina (zip 91724) resident is $30,163 a year. The US average is $28,555 a year.
- The Median household income of a Covina (zip 91724) resident is $90,799 a year. The US average is $69,021 a year.