Montecito vs Los Angeles
| Montecito | Los Angeles | |
|---|---|---|
| Population | 8,529 | 3,881,041 |
| Median Household Income | $231,005 | $81,939 |
| Median Home Value | $2,000,001 | $921,200 |
| Median Gross Rent | $3,501/mo | $1,933/mo |
| Homeownership Rate | 75.8% | 36.0% |
| Unemployment Rate | 4.0% | 8.2% |
| Bachelor's Degree or Higher | 76.3% | 38.5% |
| Median Age | 50.0 | 37.2 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.