Los Angeles County

Business and Economy in Santa Monica, CA

Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Santa Monica , CA, is $76,580, and check out the following articles to get an inside look at its key industries and job opportunities.

Employment Overview

While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Santa Monica ’s economy.

Employment Rate in Los Angeles County, CA

  Employed 95.2%
  Unemployed 4.8%

Occupations in Santa Monica , CA

Employment in Santa Monica , CA

Employment Armed Forces 0.1%
Employment Civilian Labor Force 71.3%
Employment Not in Labor Force 28.6%
Employment Total in Labor Force 71.4%

Industry in Santa Monica , CA

Agriculture, Forestry, Fishing and Hunting and Mining 0.1%
Construction 2.4%
Manufacturing 5.2%
Wholesale Trade 1.9%
Retail Trade 7.6%
Transportation and Warehousing, and Utilities 1.7%
Information 12.5%
Finance and Insurance, and Real Estate and Rental and Leasing 8.3%
Professional, Scientific and Management and Administrative and Waste 21.2%
Educational Services and Health Care and Social Assistance 21.5%
Arts, Entertainment and recreation and Accommodation and food Services 10.6%
Other Services, Except Public Administration 4.9%
Public Administration 2%