Welcome to Long Beach, California
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Long Beach has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Long Beach
Its average salary is a central indicator of Long Beach’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $64,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Manufacturing, healthcare, logistics, tourism, education makes Long Beach an ideal location for professionals from various walks of life.
Median Home Value in Long Beach
The real estate landscape in Long Beach is as varied as it is promising. The median home value is $650,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 59.10% underlines Long Beach as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 40.90% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Long Beach
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In California, the average credit score sits at 721. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Long Beach. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Long Beach
Long Beach has a population of around 456,062 inhabitants. These residents are comfortably spread across 50.7 sq mi (or 131.3 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 9,206 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Long Beach
Long Beach enjoys a thriving economy with Manufacturing, healthcare, logistics, tourism, education being the major contributors. The proximity of the nearest airport (Long Beach Airport (LGB)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 721 reflects a financially responsible and economically active populace.
Educational Opportunities in Long Beach
Long Beach holds education in high esteem. The city boasts top-ranking schools, such as Long Beach Polytechnic High School, Wilson Classical High School, Millikan High School, Lakewood High School, McBride High School, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like California State University, Long Beach, Long Beach City College and Pacific Coast University, School of Law, produce a well-educated, competent workforce contributing to Long Beach’s vibrant economy and societal fabric.
City’s Alias: Long Beach
Affectionately known as ‘The Aquatic Capital of America or The International City‘, Long Beach, positioned at 33.78°N 118.17°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Long Beach promises a rewarding and enriching experience.
Recreation and Lifestyle in Long Beach
Experience the exciting pace of life in Long Beach, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Long Beach caters to all. Popular attractions include Queen Mary, Aquarium of the Pacific and El Dorado Nature Center, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Long Beach’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.