Community Resources |
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Santa Monica’s accomplished popu- lation provides local businesses with an excellent source of labor and a large pool of consumers. Its economy is unusually diversified for a municipali- ty of its size, so, though there is a national economic downturn, the economic health of Santa Monica is spread across many industries, soft- ening the blow to the city. The People One reason for Santa Monica’s suc- cessful business climate is the educa- tion level of its population. 91 percent of the population over 25 years of age has at least a high school diploma; more than 54 percent are college graduates. Median household income in Santa Monica was $50,714 in 1999, 20.2 per- cent higher than the county as a whole. The differential in per capita income was even more dramatic - $42, 874 in Santa Monica, versus $20,683 in Los Angeles County. Of Santa Monica’s em ployed population, 60 percent are employed as executives, managers, or professionals. According to the 2000 census, Santa Monica’s population was 84,084, accounting for approximately 0.9 percent of the population of Los Angeles County. The California Department of Finance estimated the city’s population for 2008 at 91,439, an increase of 8.7 percent over the 2000 census data. As of the 2000 census, about one- third (33.2 percent) of Santa Moni ca’s residents were employed within the city, and the balance worked in Los Angeles (42.7 percent), Beverly Hills (2.6 percent), Culver City (2.2 per- cent), and other locations. From 1980 to 2000, the percentage of Santa Monicans working within the city decreased, but only slightly. Looking at Santa Monica’s work- ers, 50.4 percent of those employed in the city reside in Los Angeles and 16.7 percent live in Santa Monica, fol- lowed by very small percentages from Culver City (1.8 percent), Inglewood (1.7 percent), and other locations. Between the number of people who commute to Santa Monica for work and those who come for shopping, entertainment and the like, they day- time population of the city can more than double the residential population , creating not only a large market for local business, but also an unusually large need for civic services. |
The Businesses
Small businesses are also prevalent |
CITY OF SANTA MONICA EMERGENCY 911 |
