Zip 90723 (Paramount, CA) Economy


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90723 Paramount, CA is a vibrant city located in the heart of Los Angeles. It is home to a variety of businesses and attractions, making it an ideal place to live and work. The 2 bedroom rent for this area is $2,020 which is higher than the US average of $1,430. Additionally, the Grocery Cost Index for 90723 is also 100 which is equal to that of the US.
Some local companies in 90723 Paramount include JN Electric Inc., RE Construction & Design, El Sombrero Restaurant and Market, and AutoZone Parts Inc. The area also has various grocery stores such as Baja Ranch Supermarket, Vons Grocery Store and El Super Mexican Grocery Store. For some entertainment choices in the area there are places like The Bicycle Casino which offers gaming and restaurant options as well as Southland Park Racetrack which features thoroughbred horse racing. There are also several parks like Clearwater Park West and East End Park to explore in 90723 Paramount, CA.

Paramount (zip 90723) has an unemployment rate of 13.4%. The US average is 6.0%.

Paramount (zip 90723) has seen the job market increase by 0.7% 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 Paramount (zip 90723)
- The Sales Tax Rate for Paramount (zip 90723) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Paramount (zip 90723) 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 Paramount (zip 90723)
- The average income of a Paramount (zip 90723) resident is $14,168 a year. The US average is $28,555 a year.
- The Median household income of a Paramount (zip 90723) resident is $60,493 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyParamount, CaliforniaUnited States
  13.46
  -12.2%-6.2%
  31.9%33.5%
  9.5%6.2%
  8.0%4.6%
  $21,073$37,638
  $60,493$69,021
  $61,091$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  7.7%6.8%
  14.0%10.0%
  3.8%2.5%
  13.4%11.0%
  8.9%4.8%
  0.9%0.8%
  1.1%1.9%
  2.4%4.7%
  2.1%1.9%
  3.4%7.6%
  0.3%0.1%
  5.0%4.2%
  5.9%9.3%
  13.0%14.0%
  1.4%2.1%
  9.1%7.0%
  5.1%4.8%
  2.1%4.7%
Health