The Los Angeles neighborhood of 90062 has an average 2 bedroom rent of $1,910, which is much higher than the US average of $1,430. The grocery cost index in 90062 is also higher than the US average at 102. This high cost of living reflects the lively local economy that draws people from all over the world to live and work in this dynamic city. There are many well-known companies located in 90062 such as Warner Bros., Paramount Pictures, Universal Music Group, and Univision Communications Inc., which attract white-collar workers who are willing to spend more for their housing needs. With its close proximity to Hollywood, iconic landmarks such as the Hollywood Sign, and a wide range of job opportunities, it's easy to see why 90062 has become such a popular destination for those looking for an exciting place to call home—and why rent and other costs are so high.
Los Angeles (zip 90062) has an unemployment rate of 10.6%. The US average is 6.0%.
Los Angeles (zip 90062) 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 34.6%, which is higher than the US average of 33.5%.
Tax Rates for Los Angeles (zip 90062)
- The Sales Tax Rate for Los Angeles (zip 90062) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Los Angeles (zip 90062) 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 Los Angeles (zip 90062)
- The average income of a Los Angeles (zip 90062) resident is $23,389 a year. The US average is $37,638 a year.
- The Median household income of a Los Angeles (zip 90062) resident is $56,500 a year. The US average is $69,021 a year.