Newport Beach, CA is a city located in Orange County with a population of around 86,000. It is an affluent area known for its luxury yachts and pristine beaches. It's home to many local businesses such as Balboa Yacht Club, Lido Marina Village, and Island Yacht Club. Residents in 92625 Newport Beach enjoy access to these businesses plus many restaurants along the waterfront. The 2 bedroom rent in this area is $3,880 which is much higher than the US average of $1,430. Additionally, the grocery cost index here is 117 compared to 100 nationally so living costs are more expensive than average. Despite this, the city offers plenty of attractions including museums, theatres, and recreational activities like surfing and biking.
Newport Beach (zip 92625) has an unemployment rate of 5.0%. The US average is 6.0%.
Newport Beach (zip 92625) 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 92625)
- The Sales Tax Rate for Newport Beach (zip 92625) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Newport Beach (zip 92625) 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 92625)
- The average income of a Newport Beach (zip 92625) resident is $117,652 a year. The US average is $37,638 a year.
- The Median household income of a Newport Beach (zip 92625) resident is $167,925 a year. The US average is $69,021 a year.