Rancho Santa Margarita is a medium-sized city located in the state of California. With a population of 47,442 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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.03% 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.
Rancho Santa Margarita 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 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.
In addition, Rancho Santa Margarita has a lot of people living here who were born outside of the US (19.25%).
The most common language spoken in Rancho Santa Margarita is English. Other important languages spoken here include Spanish and Tagalog.