CNNMoney.com > Small Business > Best Places to Launch

FULL LIST
Los Angeles, CA

Los Angeles business statistics
Employer establishments with 1-49 employees
(2007)
325,132 78,289
Small business growth rate
(2004-2007)
6% 5.3%
State business tax climate ranking
(out of 50 states)
48 N/A
Percentage of population with bachelor's degree
(ages 25-34)
29.5% 32.7%
Violent crime
(rate per 100,000 inhabitants, 2007)
553.8 537.6
Property crime
(rate per 100,000 inhabitants, 2007)
2,564.5 3,700.0
Population growth
(2003-2008)
1% 6.38%
Per-capita income
(2007)
$42,278 $41,342
Per-capita income growth
(2002-2007)
30% 25.0%
GDP (in millions)
(2006)
$680,230 $164,601
GDP growth
(2001-2006)
34% 32%
Average hourly wage
(2008)
22.9 $21.03
Housing foreclosure rate
(first half of 2009)
42 113
Median rent
(2009, for a 2-bedroom housing unit)
$1,486 $981
Housing price-to-income (HPI) ratio
(first quarter of 2009)
2.0% 1.8%
Long-term HPI ratio
(20-year average, 1984-2004)
2.34% 1.85%
HPI deviation from long-term average
0% 0.0%

BORROW

Local smallbiz lenders

  • Superior Financial Group
  • Wells Fargo & Company
  • Innovative Bank
  • U.S. Bank
  • Wilshire Bancorp
See all local lenders

What do you think of Los Angeles?