Malibu, California

Malibu is a somewhat small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 12,861 people and five constituent neighborhoods, Malibu is the 382nd largest community in California.

Malibu home prices are not only among the most expensive in California, but Malibu real estate also consistently ranks among the most expensive in America.

Malibu is a decidedly white-collar city, with fully 95.64% of the workforce employed in white-collar jobs, well above the national average. Overall, Malibu is a city of professionals, managers and sales and office workers. There are especially a lot of people living in Malibu who work in management occupations (20.05%), art, media, and design (13.22%) and sales jobs (12.43%).

Of important note, Malibu is also a city of artists. Malibu has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Malibu’s character.

Also of interest is that Malibu has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 24.16% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One of the nice things about Malibu is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.

One downside of living in Malibu, however, is that residents on average have to contend with a long commute, spending on average 33.04 minutes every day commuting to work.

Malibu Information and Demographics

If knowledge is power, Malibu is a pretty powerful place. 61.25% of the adults in Malibu have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Malibu in 2010 was $99,276, which is wealthy relative to California and the nation. This equates to an annual income of $397,104 for a family of four. However, Malibu contains both very wealthy and poor people as well.
Malibu is a somewhat ethnically-diverse city. The people who call Malibu home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Malibu residents report their race to be White, followed by Asian. Important ancestries of people in Malibu include English, German, Irish, Italian, European and Russian.

Foreign born people are also an important part of Malibu’s cultural character, accounting for 16.33% of the city’s population.

The most common language spoken in Malibu is English. Some people also speak Spanish.

Most Expensive Malibu Neighborhoods:
1. Malibu Beach
2. Pacific Coast Hwy / Encinal Canyon Rd
3. Las Flores / Topanga Beach
4. City Center
5. Malibu Bowl / Pepperdine U