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.
A relatively large number of people in Rancho Palos Verdes telecommute to their jobs. Overall, about 9.73% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.
Rancho Palos Verdes is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Rancho Palos Verdes’s overall crime rate is lower than average for the country.
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.
In Rancho Palos Verdes, however, the average commute to work is quite long. On average, people spend 35.05 minutes each day getting to work, which is significantly higher than the national average.
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.
In addition, Rancho Palos Verdes has a lot of people living here who were born outside of the US (27.51%).
The most common language spoken in Rancho Palos Verdes is English. Other important languages spoken here include Chinese and Korean.