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Average Income in Los Angeles

Average Income in Los Angeles

Average Income in Los Angeles

There are many statistics on the incomes of people in different parts of the world, but the most useful statistics I heard were on the incomes of people in different cities. These are helpful to know because they’re usually right at hand, and they give you a sense of the different places where you might want to live.

Data

via GIPHY

The Census ACS 1-year survey reports that the median household income for the Los Angeles County California area was $72,797 in 2019, the latest figures available. Los Angeles County median household income is $7,643 lower than the median California household income and $7,085 greater than the US median household income. 2020 county income data (including Los Angeles County median household income) will be released in September of 2021. Median family and per capita income for Los Angeles County are shown below. The ACS 1-year data shows the median family income for Los Angeles County was $81,912 in 2019. Compared to the median California family income, Los Angeles County median family income is $9,465 lower. As with the median household income data, 2020 family income data for Los Angeles County will be released in September of 2021.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's gross annual income. We have converted it to an hourly wage for the sake of comparison. (Source: livingwage.mit.edu)

Work

via GIPHY

The most common employment sectors for those who live in Los Angeles, CA, are Health Care & Social Assistance (247,667 people), Retail Trade (200,123 people), and Professional, Scientific, & Technical Services (192,840 people). This chart shows the share breakdown of the primary industries for residents of Los Angeles, CA, though some of these residents may live in Los Angeles, CA and work somewhere else. Census data is tagged to a residential address, not a work address.

The median property value in Los Angeles, CA was $697,200 in 2019, which is 2.9 times larger than the national average of $240,500. Between 2018 and 2019 the median property value increased from $682,400 to $697,200, a 2.17% increase. The homeownership rate in Los Angeles, CA is 36.5%, which is lower than the national average of 64.1%. People in Los Angeles, CA have an average commute time of 30.8 minutes, and they drove alone to work. Car ownership in Los Angeles, CA is approximately the same as the national average, with an average of 2 cars per household. (Source: datausa.io)

 

 

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