The city of Moreno Valley, CA (92553) is a great place to live and work with its close proximity to Los Angeles. The average two-bedroom rent in this area is $1,880 per month, although it’s slightly more than the U.S. average of $1,430. Additionally, the Grocery Cost Index in Moreno Valley is 99 versus 100 in the U.S., which means that most groceries are slightly less expensive here than elsewhere in the country.
There are plenty of local companies for those who wish to work or start their own business in Moreno Valley such as Kaiser Permanente Health Care, Soboba Casino Resort, Vans Skatepark and Factory Stores Outlet Center. Other nearby towns also have low costs of living and offer unique experiences as well. Though there are some differences between each location when it comes to cost of living and attractions there is no shortage of affordable places to explore within 30 miles or so from Moreno Valley!
Moreno Valley (zip 92553) has an unemployment rate of 9.1%. The US average is 6.0%.
Moreno Valley (zip 92553) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Moreno Valley (zip 92553)
- The Sales Tax Rate for Moreno Valley (zip 92553) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Moreno Valley (zip 92553) 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 Moreno Valley (zip 92553)
- The average income of a Moreno Valley (zip 92553) resident is $19,186 a year. The US average is $37,638 a year.
- The Median household income of a Moreno Valley (zip 92553) resident is $59,966 a year. The US average is $69,021 a year.