Community Corner
PVE Tops List in Quality of Life Study
Palos Verdes Estates ranks No. 6 in quality of life among communities in America's western region. Rancho Palos Verdes comes in at No. 71.
Palos Verdes communities have been getting a pretty posh reputation lately.
Palos Verdes Estates ranked sixth in a new study that measured quality of life in cities throughout America's western region. This just after the Peninsula was named among the last week.
The recent study, put together by On Numbers, analyzed 889 communities in the Western portion of the country—and 3,764 communities nationwide—that had populations of 10,000 or more as of 2009. A 20-part formula was used to rate each community's quality of life, including factors such as poverty rates, commute time, ages of residents and median household income.
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"The top-rated communities have strong economic bases, impressive housing stocks and effective educational systems," The Business Journals reported last week.
In the West, Hillsborough ranked No. 1, San Marino came in No. 3, Blackhawk-Camino Tassajara (east of Oakland) No. 4 and Coto de Caza No. 5.
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Rancho Palos Verdes came in at No. 71.
West University Place in Texas ranked the highest in quality of life across the entire nation.
Here is a synopsis of Palos Verdes Estates' standing in the Western region:
Place Palos Verdes Estates Type city State California West Quality-of-Life rank 6 West Quality-of-Life percentile 99.44% Population (2009 estimate) 13,520 In 25-44 age group 16.70% Living in same house for more than 1 year 92.17% Moved in from other state or abroad in past year 1.16% Workers who walk to work or work at home 9.33% Commuting time of 29 minutes or less 47.03% Median household income $170,068 Poverty rate for families 0.62% Workers with management and professional jobs 65.44% Workers who are self-employed 34.96% Unemployment rate for 25-64 age group 1.93% Houses built since 1990 10.05% Houses with 9 or more rooms 29.72% Housing vacancy rate 2.82% Homeowner rate 91.18% Median house value $1,000,001 Mortgage affordability (house value per $1,000 of household income) $5,880 Rent affordability (annual median rent per $1,000 of household income) $132 Adults (25 or older) with high school diplomas 97.06% Adults (25 or older) with bachelor's degrees 72.18% Adults (25 or older) with advanced degrees 33.01%(Source: American City Business Journals, Inc.)
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