Los Angeles, CA is a city known for its diversity and exciting culture. The zip code 91316 encompasses the San Fernando Valley area of the city and is known for it's relatively affordable cost of living. The average 2 Bedroom Rent in 91316 Los Angeles, CA is $2,680 compared to the US average rent of $1,430. Additionally, grocery costs are higher than the national index with an index rating of 104 as compared to 100 in the US. As such, it's important that people looking to move to 91316 Los Angeles do research into cost of living before making their move. The area has many local companies including KB Home, Union Bank and Ralphs grocery store--all located within a few miles from one another. With careful budgeting and knowledge of local businesses and recreations available in the area--91316 Los Angeles can be a great place to call home.
Los Angeles (zip 91316) has an unemployment rate of 10.6%. The US average is 6.0%.
Los Angeles (zip 91316) 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 91316)
- The Sales Tax Rate for Los Angeles (zip 91316) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Los Angeles (zip 91316) 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 91316)
- The average income of a Los Angeles (zip 91316) resident is $53,170 a year. The US average is $37,638 a year.
- The Median household income of a Los Angeles (zip 91316) resident is $79,858 a year. The US average is $69,021 a year.