Downey, California is a great place to call home with its 2 bedroom rent at $2,210. This is significantly higher than the US average of $1,430. The grocery cost index in Downey is 102, and sits right above the US average of 100 which makes it an affordable place to live. In the city of Downey there are multiple companies that call the city home such as SpaceX, Kaiser Permanente, Lowe’s Home Improvement, the Stonewood Center Mall and many more. Many people come to Downey for its delicious restaurants and entertainment venues like The Laugh factory comedy club. Downey offers many opportunities to its residents and continues to be a vibrant city with much to offer.
Downey (zip 90241) has an unemployment rate of 11.6%. The US average is 6.0%.
Downey (zip 90241) 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 90241)
- The Sales Tax Rate for Downey (zip 90241) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Downey (zip 90241) 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 90241)
- The average income of a Downey (zip 90241) resident is $32,526 a year. The US average is $37,638 a year.
- The Median household income of a Downey (zip 90241) resident is $75,111 a year. The US average is $69,021 a year.