Rancho Palos Verdes is a medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 41,530 people and nine constituent neighborhoods, Rancho Palos Verdes is the 200th largest community in California.
Rancho Palos Verdes home prices are not only among the most expensive in California, but Rancho Palos Verdes real estate also consistently ranks among the most expensive in America.
Rancho Palos Verdes is a decidedly white-collar city, with fully 93.25% of the workforce employed in white-collar jobs, well above the national average. Overall, Rancho Palos Verdes is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Rancho Palos Verdes who work in management occupations (19.63%), office and administrative support (10.99%), and sales jobs (10.49%).
Of important note, Rancho Palos Verdes is also a city of artists. Rancho Palos Verdes has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Rancho Palos Verdes’s character.
Also of interest is that Rancho Palos Verdes has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 9.73% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Because of many things, Rancho Palos Verdes is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Rancho Palos Verdes really has some of the features that families look for when choosing a good community to raise children. Is Rancho Palos Verdes perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
One of the nice things about Rancho Palos Verdes 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 Rancho Palos Verdes, however, is that residents on average have to contend with a long commute, spending on average 35.05 minutes every day commuting to work.
If knowledge is power, Rancho Palos Verdes is a pretty powerful place. 67.56% of the adults in Rancho Palos Verdes have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Rancho Palos Verdes in 2018 was $68,059, which is wealthy relative to California and the nation. This equates to an annual income of $272,236 for a family of four.
Rancho Palos Verdes is an extremely ethnically-diverse city. The people who call Rancho Palos Verdes home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Rancho Palos Verdes residents report their race to be White, followed by Asian. Rancho Palos Verdes also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.37% of the city’s residents. Important ancestries of people in Rancho Palos Verdes include German, Irish, English, Italian, and Iranian.
Rancho Palos Verdes also has a high percentage of its population that was born in another country: 27.51%.
The most common language spoken in Rancho Palos Verdes is English. Other important languages spoken here include Chinese and Korean.