ARTICLE: Santa Monica In-Depth

Santa Monica, one of two places in California referred to as the Bay Area, is a coastal city in western Los Angeles County, CA, famed for its resort atmosphere and high quality of living. The median price for a home in 2005 was $492,000.With a population of just over 103,000 residents, Santa Monica boasts the advantages of a beachside setting. It offers over 120 museums, galleries and public art displays, the Pacific Ocean Park theme park, and the storied Santa Monica Outdoor Antique Market. The major industries that power Santa Monica and the rest of the Bay Area are educational, health, and social services, at 17 percent of the total economy; and manufacturing, at 15 percent. Here are a few of the top industries: Professional, scientific, and technical Ambulatory health care Motion picture and sound Real estate The 2004 Labor Market Information Division reports that employment of Santa Monica, CA residents has undergone a dramatic upturn from 2002, with well over 73,000 professionals employed. The median income for a household in Santa Monica, CA is $50,714, while the median income for a family is $75,989. Sources: California Government Web Site Economic Development Alliance for Business US Census Bureau, American Fact Finder US Bureau of Economic Analysis Back to top↑

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