Malibu is a somewhat small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 10,429 people and six constituent neighborhoods, Malibu is the 414th largest community in California.
Malibu home prices are not only among the most expensive in California, but Malibu real estate also consistently ranks among the most expensive in America.
Malibu is a decidedly white-collar city, with fully 92.43% of the workforce employed in white-collar jobs, well above the national average. Overall, Malibu is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Malibu who work in management occupations (21.68%), art, media, and design (13.17%), and business and financial occupations (11.98%).
Of important note, Malibu is also a city of artists. Malibu has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Malibu’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 29.41% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One of the nice things about Malibu is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
One downside of living in Malibu is that it can take a long time to commute to work. In Malibu, the average commute to work is 33.66 minutes, which is quite a bit higher than the national average.
Do you like to read, write and learn? If you move to Malibu, you'll likely find that many of your neighbors like to as well. Malibu is one of the more educated communities in America, with a full 65.97% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Malibu in 2018 was $116,108, which is wealthy relative to California and the nation. This equates to an annual income of $464,432 for a family of four. However, Malibu contains both very wealthy and poor people as well.
Malibu is a very ethnically-diverse city. The people who call Malibu home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Malibu residents report their race to be White, followed by Asian. Malibu also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.02% of the city’s residents. Important ancestries of people in Malibu include English, German, Irish, Swedish, and Italian.
The most common language spoken in Malibu is English. Other important languages spoken here include Spanish and French.