Los Angeles Stats

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Category: Output & Income (page 2 of 3)

Poverty is Worse Than You Think in California

The official poverty rate has been criticized for decades. Based on traditional poverty measures, an estimated 45.7 million Americans live in poverty. However, when taxes, medical bills, and other expenses as well as benefits and assistance programs are accounted for the figure rises to about 47.8 million. This difference of 2.1 million Americans living above […]

Los Angeles is Among the Top 15% of America’s Richest Cities

U.S. median household income rose to $56,516 in 2015, an increase of $2,800, or 5.2% over 2014 levels. Despite it being the largest percentage increase since 1998, median household income remains lower than it was in 2007 when adjusted for inflation. Whether an American is likely to make more or less than the national median […]

Airplanes and Airplane Parts Are the Top Selling Products in California

The United States exported a total of $2.26 trillion worth of goods and services in 2015, down slightly from a record high of $2.38 trillion in 2014. Exports accounted for an estimated 12.6% of total U.S. GDP and were a significant part of every state’s economy. Without exception, each state in the country exported more […]

Computer and Electronic Products Manufacturing is the Largest Industry in California

Dozens of industries across all 50 states comprise the U.S. economy — the world’s largest economy accounts for more than a quarter of global GDP. Several states, including California and New York, generate more output than several countries, including Belgium, Poland, and Turkey. Texas’s largest industry alone produces more in economic output than the entire […]

Jim Mora is the Highest Paid Public Employee in California

Nick Saban, head coach of the men’s football team at the University of Alabama, is paid more than $7 million annually. He is the highest paid employee of all U.S. workers employed by a local or state government. In the vast majority of states, college football and basketball coaches are the highest paid public employees. […]

California is the 9th Richest State in America

The U.S. Census Bureau released on Wednesday new data from its 2015 nationwide population survey. According to the annual survey, the national median household income rose to $55,775 in 2015. No state reported income declines. While 39 states reported significant increases in household income, income levels in 11 states remained the same. 24/7 Wall St. […]

Los Angeles is the 4th Best Paying City for Women

Former Secretary of State Hillary Clinton has recently made history as the first female nominated for president of the United States. Her nomination brought some long-standing issues of gender equality to the political foreground. While progress has been made over the years, there is still a real and significant gender pay gap in the American […]

Los Angeles is the 4th Best Paying City for Women

Former Secretary of State Hillary Clinton has recently made history as the first female nominated for president of the United States. Her nomination brought some long-standing issues of gender equality to the political foreground. While progress has been made over the years, there is still a real and significant gender pay gap in the American […]

Los Angeles is Among the Richest 15% of Cities

U.S. median household income increased in 2014 to $53,657, an increase of roughly $600 from the previous year. Still, U.S. incomes have yet to recover to pre-recession levels. Adjusting for inflation, U.S. 2014 median income was still below its 2009 level. Periods of recession and economic boom have an impact on the overall wealth of […]

California Has the 2nd Fastest Growing Economy

The U.S. economy grew 2.4% in 2015. This is the most the economy has grown in more than five years, and is a slight improvement on 2014’s 2.2% growth. The economies of all but two states grew in 2015, some substantially more than others, and for a variety of reasons. California and Oregon each grew […]

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