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Regional Facts & Figures - Santa Clarita Valley Chamber of Commerce | Santa Clarita, CA

Regional Facts & Figures

Ethnicity

In general, the City’s population is not as diverse as the County’s population. Close to 70% of Santa Clarita’s population describes itself as White. However, due to the large influx of immigrants from a variety of countries as well as a large increase in multi-racial families more than 20% of the population describes itself as either “Other” or more than two races.

More than one-fourth or 27% of Santa Clarita’s population is Hispanic compared to 47% of Los Angeles County and 36% of California ’s population.

Santa Clarita’s Asian population is quite diverse. In fact, 27% of the City’s Asian population is Filipino followed by 24% who are Korean. An additional 16% are Asian Indian and 11% are Chinese.

Labor Market

Santa Clarita maintains one of the lowest unemployment rates in Los Angeles County . The City’s unemployment rate was 2.7% in May 2007 compared to 4.4% for Los Angeles County and 4.9% for the State of California .

BUSINESS ENVIRONMENT

Santa Clarita’s local economy is primarily a service based economy with 42% of the businesses in the service sector. An additional 22% of businesses are in retail trade and 11% are in the finance, insurance, and real estate sector.

The businesses located in Santa Clarita can be categorized as small businesses with 59% employing less than 5 employees. Businesses between 5 and 9 employees account for 19% of all businesses in the City and only 5% employ in excess of 50 employees.

The amount of space Santa Clarita businesses occupy is relatively small. Close to one-half or 46% of businesses are in locations between 2,500 and 9,999 square feet with an additional 36% of businesses occupying less than 2,500 square feet.

Workforce

Given the nature of Santa Clarita’s local economy, 48% of the workforce in the Santa Clarita Valley are employed in the services sector. An additional 13% of the workforce is employed in manufacturing and 9% each are employed in the wholesale/retail trade and finance, insurance, and real estate industries.

More than one-fourth or 26% of the Santa Clarita Valley’s workforce are in professional or specialized positions while another 18% are in executive or managerial positions and 15% are in marketing or sales.

One-third or 32% of Santa Clarita Valley’s manufacturing workforce is employed in aerospace with an additional 18% in computers and electronics and 14% in biomedical manufacturing.

Nearly one-fourth or 23% of the Santa Clarita Valley’s workforce in the services sector work in consumer services with an additional 21% in education and 18% in health services. The remaining services industry employs are evenly divided among entertainment / amusement, business / computers or engineering / legal services.

Based on an independent study of 367 communities across the United States by the Kosmont-Rose Institute, cost ratings were developed in order to compare difference communities based on business taxes, telephone taxes, sales taxes, property taxes, electric taxes, and state income taxes.

Santa Clarita is ranked as Low Cost ($$) compared to the Cities of Los Angeles and Pasadena which are both ranked as Very High Cost ($$$$$). Out of 224 California cities, Santa Clarita is ranked as the 11th lowest cost city in Los Angeles County .

FILM industry

The number of filming days in 2006 increased 9% to 753 days from 2005. Additionally, filming in Santa Clarita contributed $16.7 million to the local economy.

The number of permits issued has increased from 2004. In 2006, 301 film permits were issued compared to 271 in 2004. This suggests the number of days per permit slipped from 3.3 film days per permit in 2004 to 2.5 film days per permit in 2006.

The majority of the economy impact of filming in Santa Clarita occurs in the latter half of the year. In fact, the money spent in the City steadily increases from May until it peaks in September and then a mini-peak is felt in November just prior to the holiday season.

Income

Santa Clarita is a more affluent city compared to Los Angeles County as a whole. The median household income for Santa Clarita in 2006 was $75,917. In comparison, the median household income for Los Angeles County is $51,315.

Subject

Households

Families

Married-couple families

Nonfamily households

Total

51,028

38,049

29,783

12,979

Less than $10,000

1.9%

1.3%

0.7%

4.7%

$10,000 to $14,999

3.1%

1.9%

0.7%

7.2%

$15,000 to $24,999

6.8%

5.0%

4.5%

12.6%

$25,000 to $34,999

7.8%

6.7%

5.0%

10.5%

$35,000 to $49,999

10.7%

10.2%

8.0%

16.4%

$50,000 to $74,999

18.9%

18.5%

16.8%

21.0%

$75,000 to $99,999

18.2%

18.6%

19.1%

12.9%

$100,000 to $149,999

20.1%

23.1%

27.6%

11.4%

$150,000 to $199,999

6.1%

7.3%

9.1%

1.7%

$200,000 or more

6.4%

7.3%

Crime & Housing

CRIME

Santa Clarita consistently remains one of the safest cities in California as well as in the nation. Overall, Santa Clarita is the 3rd safest among California cities with a population of at least 150,000 people and is the 11th safest in the United States .

HOUSING

The City of Santa Clarita , unlike many other cities in Los Angeles County , boasts a much larger share of owner-occupied housing units compared to housing units occupied by renters. Close to three-fourths or 74% of Santa Clarita’s housing units are owner-occupied.

Santa Clarita’s housing stock is substantially newer than that of the entire County. One-third or 32% of Santa Clarita’s housing stock was built from 1980 through 1989. In comparison, only 12% of Los Angeles County ’s housing was built during this same time period. Additionally, only 9% of Santa Clarita’s housing was built prior to 1960; whereas, 48% of the County’s housing was built prior to 1960.

Santa Clarita’s housing vacancy rate in 2005 was 3.65% compared to 4.65% for the County of Los Angeles .

AREA

HOUSING UNITS

OCCUPIED UNITS

VACANCY RATE

Santa Clarita

55,198

53,182

3.65%

Burbank

41,911

39,388

6.02%

Glendale

74,346

70,773

4.81%

Lancaster

43,889

42,245

3.75%

Los Angeles

1,355,741

1,284,124

5.28%

Palmdale

39,988

38,520

3.67%

Pasadena

56,922

52,610

7.58%

L.A. County

3,339,763

3,184,396

4.65%

Source: U.S. Bureau of the Census, 2005 American Community Survey

Single-family homes in the entire Santa Clarita Valley have increase in value each year. Currently, the May 2007 resale price is $615,000. In 2006, the median resale price of $603,492 increased 7% from 2005. Overall, from 1998 to 2006 the median resale price of single-family homes rose 195%.

Condominium resale prices followed a similar pattern in the Santa Clarita Valley. In May 2007, the condominium resale price was $355,000. In 2006, the median resale price of $380,583 increased 7% from 2005. Over the same time period of 1998 to 2006, condominium prices rose 206%.

Median home prices in the City of Santa Clarita remain affordable compared to other cities in Los Angeles County . The May 2007 median home price of $570,000 was comparable to that of $550,000 for Los Angeles County and that of the City of Los Angeles . In fact, Santa Clarita’s home prices are lower than those found in Burbank , Glendale , or Pasadena .

In recent years, more of the residential development in Los Angeles County has occurred in Santa Clarita compared to other areas within the County. Annually, the number of single-family permits in the City of Santa Clarita remains higher than the number of multi-family permits. In contrast, multi-family permits in the County surpassed single-family permits in 2005.

Population

Santa Clarita is the fourth largest city in Los Angeles County with a population of 177,158 in January 2007 and the 24th largest city in the State of California . In Los Angeles County , only Los Angeles with a population of 4.0 million, Long Beach with less than 493,000, and Glendale with slightly over 207,000 were larger than Santa Clarita. Consequently, Santa Clarita plays an important role in the County based on its size.

Over the past ten years, Santa Clarita’s population size has continued to steadily increase. During this time period, the population growth was the result of new housing construction in the City as well as annexations of surrounding areas into the city limits. While other comparison cities including Burbank , Glendale , Lancaster , Palmdale, and Pasadena appear to have slowed down, Santa Clarita’s population continues on an upward trend.

In fact, Santa Clarita’s population grew by 17.9% from 2000 to 2007 and was twice the growth experience in all of Los Angeles County . Only the communities of Lancaster and Palmdale in the Antelope Valley grew more than Santa Clarita.

By the year 2010, the population of the City of Santa Clarita is forecasted to exceed 181,000. Growth is forecasted to continue over the coming decades to 226,000 by the year 2030.


Content provided by the City of Santa Clarita