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 10,370 people and six associated neighborhoods, Malibu is the 414th 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.
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 35.66% 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.
Malibu is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
In Malibu, however, the average commute to work is quite long. On average, people spend 32.85 minutes each day getting to work, which is significantly higher than the national average.
If knowledge is power, Malibu is a pretty powerful place. 70.29% 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 2022 was $120,795, which is wealthy relative to California and the nation. This equates to an annual income of $483,180 for a family of four.
Malibu is a very 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. Malibu also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.73% of the city’s residents. Important ancestries of people in Malibu include English, German, Italian, Irish, and Swedish.
Malibu also has a high percentage of its population that was born in another country: 15.52%.
The most common language spoken in Malibu is English. Other important languages spoken here include Spanish and French.