Newport Beach, CA, zip code 92662 is an affluent coastal community located in Orange County. Home to some of the most luxurious beaches in California, Newport Beach has become a popular destination for people from all over the world. The estimated population of Newport Beach is 86,000. The median 2 bedroom rent in Newport Beach is $2,900 compared to the national average of $1,430. The grocery cost index in Newport Beach is 118 versus 100 in the US.
Living costs in Newport Beach can be quite expensive due to its popularity and location near Los Angeles and San Diego. Major employers include Allergan Pharmaceuticals, Hoag Health System, Pacific Life Insurance Company and PIMCO Investments Corporation. There are plenty of upscale shopping destinations to explore like Fashion Island as well as delicious eateries like 21 Oceanfront where visitors can indulge their taste buds with world-class seafood dishes. Although the cost of living may be high in this beautiful city by the ocean, it definitely worth it for those who desire a luxurious lifestyle by the beaches of Southern California.
Newport Beach (zip 92662) has an unemployment rate of 5.0%. The US average is 6.0%.
Newport Beach (zip 92662) has seen the job market decrease by -9.6% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Newport Beach (zip 92662)
- The Sales Tax Rate for Newport Beach (zip 92662) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Newport Beach (zip 92662) 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 Newport Beach (zip 92662)
- The average income of a Newport Beach (zip 92662) resident is $108,347 a year. The US average is $37,638 a year.
- The Median household income of a Newport Beach (zip 92662) resident is $143,781 a year. The US average is $69,021 a year.