Los Angeles, California (91606) is a bustling metropolitan area with a vibrant economy. The city offers an array of employment opportunities from established businesses such as Amazon Studios, Disney, Warner Bros., and Microsoft. The 2 bedroom rental rate in Los Angeles is $2,160 which is higher than the national average of $1,430. The cost of living in Los Angeles is more expensive due to its high grocery cost index of 103 versus the US average index of 100. Living in Los Angeles provides plenty of entertainment options and dining experiences that are unique to this region. Overall, Los Angeles offers a lot for residents who are willing to pay the high cost of living for all the amenities it has to offer.
Los Angeles (zip 91606) has an unemployment rate of 10.6%. The US average is 6.0%.
Los Angeles (zip 91606) 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 91606)
- The Sales Tax Rate for Los Angeles (zip 91606) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Los Angeles (zip 91606) 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 91606)
- The average income of a Los Angeles (zip 91606) resident is $28,389 a year. The US average is $37,638 a year.
- The Median household income of a Los Angeles (zip 91606) resident is $57,146 a year. The US average is $69,021 a year.