Santa Monica, California is an iconic beach location that offers visitors and locals a vibrant landscape of activities and businesses. The 2 bedroom rent in Santa Monica, CA (90403) is $3,350. This is significantly higher than the US average of $1,430. Grocery cost index in Santa Monica is 111 versus 100 in the US- meaning groceries are slightly more expensive here.
Santa Monica is home to many companies such as Hulu, Snap Inc, Riot Games, Edmunds, Cornerstone OnDemand and Spin Media Group. Hulu is a streaming service provider that streams popular TV shows and movies while Snap Inc specializes in social media products such as Snapchat. Riot Games is the creator of popular online computer games such as League of Legends while Edmunds provides consumers with car-buying advice and automotive information. Cornerstone OnDemand creates cloud-based software designed for human resources departments to manage their employee’s skills and progress while Spin Media Group produces content for music lifestyle brands like SPIN Magazine and VIBE Magazine.
Santa Monica (zip 90403) has an unemployment rate of 7.9%. The US average is 6.0%.
Santa Monica (zip 90403) 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 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Santa Monica (zip 90403)
- The Sales Tax Rate for Santa Monica (zip 90403) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Santa Monica (zip 90403) 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 Santa Monica (zip 90403)
- The average income of a Santa Monica (zip 90403) resident is $60,649 a year. The US average is $28,555 a year.
- The Median household income of a Santa Monica (zip 90403) resident is $113,204 a year. The US average is $69,021 a year.