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L.A. Household Income Below National Average
Posted By Editor On October 3, 2012 @ 11:05 pm In Bell Gardens Sun,City of Los Angeles,City Terrace Comet,Commerce Comet,East Los Angeles (LA City),Eastside Sun,ELA Brooklyn Belvedere Comet,Mexican American Sun,Montebello Comet,Monterey Park Comet,Northeast Los Angeles,Northeast Sun,Vernon Sun,Wall Street East,Wyvernwood Chronicle | No Comments
The median household income in Los Angeles was $46,148 in 2011, more than $4,000 lower than the national average of $50,502, according to statistics released by the U.S. Census Bureau on Wednesday.
In addition, 25.9 percent of people in Los Angeles did not have health insurance last year, compared with 15.1 percent nationally.
The figures were contained in the 2011 American Community Survey, which “provides a wide range of important statistics about our nation’s people, housing and economy for all communities in the country including Los Angeles,” Census Bureau Acting Director Thomas Mesenbourg said. “The results are used by everyone from retailers, homebuilders and police departments, to town and city planners.”
According to the survey, an estimated 54.6 percent of Los Angeles’ preschool population was enrolled in school in 2011, compared to 47.4 percent nationally. The survey findings also included that 74.3 percent of people age 25 and older in the city completed high school, compared to less than 85.9 percent in the nation as a whole. However 30.8 percent of those 25 and older in L.A. had bachelor’s degrees, compared with 28.5 percent nationally.
In addition, the median value for an owner-occupied home in Los Angeles was $438,300 in 2011, while the national average was $173,600. The city’s median gross rent, including utilities, was $1,135, compared with $871 nationally. According to the survey, about 39 percent of the people in Los Angeles were foreign-born, compared with 13 percent in the U.S. as a whole.
For more information about Los Angeles’ social, economic and housing characteristics visit the Census Bureau’s American FactFinder website at www.actfin
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