Rancho Santa Margarita is a medium-sized city located in the state of California. With a population of 46,722 people and nine constituent neighborhoods, Rancho Santa Margarita is the 194th largest community in California.
Housing costs in Rancho Santa Margarita are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.
Also of interest is that Rancho Santa Margarita 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 Santa Margarita telecommute to their jobs. Overall, about 17.03% 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.
Because of many things, Rancho Santa Margarita is a great place for families with children to consider. First of all, many other families with children live here, making Rancho Santa Margarita a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Rancho Santa Margarita has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Rancho Santa Margarita’s overall crime rate is lower than average for the country.
The education level of Rancho Santa Margarita ranks among the highest in the nation. Of the 25-and-older adult population in Rancho Santa Margarita, 49.46% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Rancho Santa Margarita in 2018 was $55,965, which is wealthy relative to California and the nation. This equates to an annual income of $223,860 for a family of four.
Rancho Santa Margarita is an extremely ethnically-diverse city. The people who call Rancho Santa Margarita home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Rancho Santa Margarita residents report their race to be White, followed by Asian. Rancho Santa Margarita also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 20.60% of the city’s residents. Important ancestries of people in Rancho Santa Margarita include German, Irish, English, Italian, and Polish.
Foreign born people are also an important part of Rancho Santa Margarita's cultural character, accounting for 19.25% of the city’s population.
The most common language spoken in Rancho Santa Margarita is English. Other important languages spoken here include Spanish and Tagalog.