The city of Pasadena, California, in zip code 91107, is a great place to settle down. With its mild climate and beautiful surroundings, it's easy to understand why many people choose to live here. The two bedroom rent for this area is $2,550 which is higher than the US average of $1,430. Furthermore, the grocery cost index in Pasadena is 106 compared to 100 in the US. This means that groceries are slightly more expensive here than elsewhere in the country.
Pasadena is also home to many universities and companies such as Caltech University, Jet Propulsion Laboratory, Avery Dennison Corporation and Kaiser Permanente. These employers provide ample job opportunities for locals and contribute significantly to the local economy. Additionally, tourism is an important factor as many visitors come to enjoy all that this city has to offer including its world-renowned Rose Bowl stadium. Pasadena's tax regime also helps attract new businesses as taxes are lower than in other cities across California making it desirable for entrepreneurs and investors alike. Overall Pasadena continues to be a highly desirable place to live with a strong economy and plenty of opportunities available for those who call this vibrant city home.
Pasadena (zip 91107) has an unemployment rate of 9.0%. The US average is 6.0%.
Pasadena (zip 91107) has seen the job market decrease by -12.2% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Pasadena (zip 91107)
- The Sales Tax Rate for Pasadena (zip 91107) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Pasadena (zip 91107) 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 Pasadena (zip 91107)
- The average income of a Pasadena (zip 91107) resident is $58,679 a year. The US average is $37,638 a year.
- The Median household income of a Pasadena (zip 91107) resident is $111,084 a year. The US average is $69,021 a year.