This study builds on the “Color of Wealth: Los Angeles” report by studying the relationship between skin tone, physical attractiveness, and socio-economic outcomes both within and across racial groups in the city of Los Angeles. We use novel face-to-face survey data where interviewers use standardized scales to rate respondents’ physical attractiveness and skin tone in addition to collecting detailed information on financial and health outcomes. We go further than similar studies that estimate racial gaps in socio-economic outcomes by studying racial-ethnic groups (i.e. U.S. blacks, African blacks, Mexicans, Koreans, and Cambodians) as opposed to only racial groups (i.e. blacks, Hispanics, and Asians). Our findings show that across African American, Vietnamese, Korean and Cambodian participants, lighter skin tone correlates with more favorable economic and social outcomes. The opposite pattern is found within the Mexican community in which darker-skinned Mexicans appear to have higher earnings than their lighter-skinned counterparts. This appears to contradict what has been observed about preferences for lighter skin in both the U.S. and Latin America. However, it could be explained based on the immigration patterns of dark-skinned Mexican immigrants who first settled in the Los Angeles area.