90240 Downey, CA is a great place to live. With an average two bedroom rent of $2,320 per month, it is slightly more expensive than the national average of $1,430 for a two bedroom rental. Grocery costs are also higher in 90240 Downey with an index of 103 compared to the national average of 100.
For those looking to work close to home there are many options nearby including Northrop Grumman, Kaiser Permanente Downey Medical Center and Stonewood Center mall. Additionally, there are several large employers in 90240 such as Bank of America, Costco and Walmart. The local economy has grown steadily over the years and continues to offer stability and opportunity.
Downey (zip 90240) has an unemployment rate of 11.6%. The US average is 6.0%.
Downey (zip 90240) 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 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Downey (zip 90240)
- The Sales Tax Rate for Downey (zip 90240) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Downey (zip 90240) 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 Downey (zip 90240)
- The average income of a Downey (zip 90240) resident is $36,150 a year. The US average is $37,638 a year.
- The Median household income of a Downey (zip 90240) resident is $91,518 a year. The US average is $69,021 a year.