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Santa Monica Ranks Low on List of Best Cities for Jobs
By Jorge Casuso
December 6, 2018 -- Those looking for work will have a tougher chance of finding a job in Santa Monica than in most other California cities, according to a study by WalletHub released Thursday.
When it comes to the "best places for employment," Santa Monica ranked 166 on the list of 254 cities in the study, which is based on U.S. Census and other data (for study click here).
The city ranked near the bottom in "monthly average starting salary" (249), "housing affordability" (234) and "time spent working and commuting" (251).
It ranked 201 in the "unemployment rate for residents with a bachelor's degree or higher" and 220 for the "unemployment rate for high school graduates."
The highest ranked city on the Westside was Beverly Hills (97), followed by Culver City (102). Los Angeles ranked below Santa Monica at 187.
The study used 16 key metrics to compare 254 cities across the state, which added 339,600 new jobs in September, the third largest increase among thirty-seven states that saw employment numbers rise, researchers said.
"Prospective workers nonetheless should balance their job-hunting efforts with cost of living considerations, especially rising housing costs that have made living in the Golden State increasingly unaffordable for low-income earners."
WalletHub researchers note that previously published analyses show that "particularly high-paying fields -- such as information technology, health care and financial services -- have fueled much of the job growth and influx of in-movers to California in recent years.
"Although this trend has translated to higher median wages for workers, it also has inflated cost of living for less-educated and lower income-earning individuals in the state."
The five top ranking cities for jobs were San Ramon, Palo Alto, Danville, Los Gatos and Santa Clara.
The five lowest ranking were Adelanto, Calexico, Delano, Porterville and Coachella.
Among larger cities, San Francisco ranked 32, San Jose ranked 57, Pasadena ranked 80, while Oakland ranked 82.
Among Coastal cities in LA County, Manhattan Beach ranked 38, Torrance 41 and Redondo Beach 42, while Long Beach ranked 167, one notch below Santa Monica.
WalletHub's data were obtained from the U.S. Census Bureau, the U.S. Bureau of Labor Statistics, the Federal Bureau of Investigation, the U.S. Department of Housing and Urban Development, Center for Neighborhood Technology, Council for Community and Economic Research, Indeed and Yelp, company officials said.
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