The City of Long Beach, California is home to one of the largest shipping ports in the world. Aerospace, oil and high technology are the dominant industries in Long Beach, with Boeing, Verizon and Gulfstream Aerospace among the largest employers. The average home value is $440,000 and the rent is $1,225 per year. The average income for the city is about $45,402. Wells Fargo and Farmers insurance are the financial service providers in the city.