IMPACT OF 2025 LOS ANGELES WILDFIRES AND COMPARATIVE STUDY

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• Create Date May 19, 2025
• Last Updated August 6, 2025

The 2025 Los Angeles wildfires have resulted in significant economic, property, and employment losses, with total property damages estimated between $28.0 billion and $53.8 billion. The Palisades and Eaton Fires account for the majority of these losses, impacting thousands of properties and businesses.

Business disruptions within the fire perimeters are projected to cause $4.6 billion to $8.9 billion in lost economic output in Los Angeles County over a five-year period (2025-2029), representing approximately 0.3 to 0.6 percent of the county’s total economic output. The fires could lead to employment losses totaling between 24,990 and 49,110 job-years and labor income reductions ranging from $1.9 billion to $3.7 billion. Additionally, federal, state, and local governments could see tax revenue losses between $0.73 billion and $1.4 billion due to reduced business activity and employment.