Manhattan Beach, California

According to the United States Census Bureau, as of July of 2015, Manhattan City has a population of about 35,818 with between 2 and 3 people per household. The population is almost exactly split in half by gender, with 49.9% of the population being female, and 50.1% male. The area is predominately Caucasian and contains about 8% Asian and 7% Hispanic influences, and about 15% speak a language other than English at home.

It is also a great place to raise a family with the crime rate being lower than the national average as well as the outstanding education statistics. Over 97% of the residents in Manhattan Beach hold a high school diploma or greater, which is much larger than the national average of about 86%. In addition, over 73% of residents hold a Bachelor’s degree or higher. This is incredibly positive over the nation’s average of only about 30%.

Not only is this a great place to live in California, it is also a great place to work. Though the average travel time for those commuting to work is around 30 minutes, the median household income is $143,527 annually according to the United States Census Bureau. This is much higher than the national average of $53,889. After World War II, the defense industry provided jobs to many in the area, but today, most of the labor force in Manhattan Beach works in accommodations, food service and health care. That does not include the number of other areas within driving distance that hold a wide range of business opportunities.

Manhattan Beach is a very new city with its official beginnings and date of incorporation in 1912. The first piers, though, were actually built in 1901 and included a wave motor which powered the Strand lighting system. At the end of the second World War, an influx of people came to the area. These people were seeking desirable year round living and found it in the beautiful weather of the area. All year long, the nights are cool, but not freezing, and the days bring bountiful sunshine and warmth with temperatures generally in the 80 and 90 degree range.

The housing market is very healthy in this area of California with an median home value increase seen of over 10% in the past year and the forecast suggesting another 3.3% increase over the next year. Currently, the median home value is $2,284,800 which makes the price per square foot about $1,256. According to the United States Census Bureau, over 68% of those occupying a home are owners and not renters. This was seen from 2011 to 2015 and is higher than the national average of about 64% home-owners. But for those who prefer to rent a home along this area of the California coast, a three bedroom and three bathroom home with an ocean front view is an average cost of about $8,500 a month. Please contact our offices for further information on buying or renting as well as general information on the Manhattan Beach area.