The city of Los Angeles, California is a vibrant and desirable place to live. With its long list of attractions such as Universal Studios, the Hollywood Walk of Fame, and the Griffith Observatory, there is no shortage of things to do in this cosmopolitan city. The 2 bedroom rent in Los Angeles is slightly higher than the US average at $2,390 compared to $1,430. Additionally, the grocery cost index in the area is 102 versus 100 in the US. Local companies that call Los Angeles home include SpaceX, Riot Games, Snap Inc., AECOM, and Northrop Grumman Corporation. These businesses are all headquartered within or near the city limits and are major sources of employment for local residents.
Los Angeles (zip 91303) has an unemployment rate of 10.6%. The US average is 6.0%.
Los Angeles (zip 91303) 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 34.6%, which is higher than the US average of 33.5%.
Tax Rates for Los Angeles (zip 91303)
- The Sales Tax Rate for Los Angeles (zip 91303) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Los Angeles (zip 91303) 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 91303)
- The average income of a Los Angeles (zip 91303) resident is $20,476 a year. The US average is $28,555 a year.
- The Median household income of a Los Angeles (zip 91303) resident is $66,494 a year. The US average is $69,021 a year.