Statistics About The Average Household Income Los Angeles

In this post, we will explore the diverse landscape of household incomes in Los Angeles, shedding light on the disparities and variations present in this bustling city. From median figures to neighborhood specifics, the statistics paint a comprehensive picture of the financial dynamics at play in one of California’s most iconic locations.

Statistic 1

"As of 2021, the median household income in Los Angeles is $62,142."

Statistic 2

"The average household income in Los Angeles increased by 5.7% from 2017 to 2018."

Statistic 3

"The average household income in Los Angeles is 20.4% lower than the national average."

Statistic 4

"The average household income in Los Angeles is less than the California state average."

Statistic 5

"21.5% of households in Los Angeles earn less than $20,000 annually."

Statistic 6

"The highest median household income in Los Angeles is in the Bel-Air neighborhood, with an average of $207,938."

Statistic 7

"Approximately 15% of households in Los Angeles earn between $35,000 and $50,000 annually."

Statistic 8

"A majority, 48.5% of households in Los Angeles earn less than the national median household income."

Statistic 9

"The average income of the top 5% of earners in Los Angeles is $460,000 per year."

Statistic 10

"Approximately 10% of households in Los Angeles have an annual income that exceeds $200,000."

Statistic 11

"Over 30% of households in Los Angeles have an annual income of less than $30,000."

Statistic 12

"Under 1% of households in Los Angeles earn income over $2,000,000 per year."

Statistic 13

"13.9% of households in Los Angeles have an income in the range of $50,000 to $60,000 annually."

Statistic 14

"The average household income in West Los Angeles is $110,659."

Statistic 15

"The average household income in East Los Angeles is significantly lower at $45,981."

Statistic 16

"South Los Angeles has an average household income of $33,536, considerably below the city and county averages."

Statistic 17

"The average annual household income in Beverly Hills, which is a part of the Los Angeles metropolitan area, is $193,426."

Statistic 18

"The average household income in Venice, another neighborhood of Los Angeles, is $85,544."

Overall, the statistics on household income in Los Angeles paint a varied picture of the city’s economic landscape. While there have been some increases in average income levels, such as the growth from 2017 to 2018, there remain stark disparities within the city. The fact that a significant portion of households earn less than $20,000 annually highlights the presence of widespread income inequality. The concentration of high incomes in neighborhoods like Bel-Air and Beverly Hills stands in stark contrast to the lower average incomes in areas like South Los Angeles and East Los Angeles. These findings underscore the importance of examining income distribution across different neighborhoods to gain a more nuanced understanding of economic disparities in Los Angeles.