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Jobs/Housing Balance |
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Ratio of Jobs to
Households 1998-2006 |
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Jobs Housing Balance
1998-2006 |
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% of SM Residents Employed in Santa Monica 1980-2000 |
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INDICATOR |
Number of Jobs per Household;
Pct of Santa Monica Residents employed in Santa Monica |
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STATUS |
Poor |
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TREND |
Worsening |
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DESCRIPTION |
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The jobs/housing balance indicates the ratio of available housing to available jobs in the community. There is adequate housing to accommodate the labor market in the city when this ratio is close to 1.0.
The jobs/housing balance is commonly associated with
Vehicle Miles Traveled and is seen as a tool for alleviating traffic congestion and the associated environmental and social impacts. For this reason, this indicator also looks at the percent of Santa Monica residents employed in Santa Monica.
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PERFORMANCE SUMMARY |
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Jobs/Housing
Balance
The ratio of jobs to housing seems to fluctuate
most with the number of jobs. The housing stock
is relatively static. In 1998, the ratio was
1.36 jobs for each single housing unit. The
ration of jobs to housing has been gradually
increasing since 2002, to its current peak of
1.51.
Local Employment
In addition to the jobs/housing balance, the
city is looking at the percent of residents who are employed in Santa Monica. The number of residents employed in Santa Monica is decreasing annually. In 1980, almost 36% of Santa Monica residents were employed in the
city. In the ten years between 1980 and 1990, this number dropped mildly to 35%. In the period between 1990 and 2000, the number of Santa Monica residents employed in Santa Monica dropped more significantly to just over 32% in 2000.
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ANALYSIS |
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Santa Monica has a jobs surplus. In order to meet the target ratio of 1.0, the housing available in the
city should match the labor force skills. Housing should be available in the price, size and location that reflect available jobs in the community. Achieving an adequate and diverse supply of housing and jobs so that residents of all income and skill levels have access to housing and consistent work within the region is an essential step towards a more sustainable future.
Although categorized as an economic indicator, the jobs housing ratio impacts lifestyle issues such as driving time, congestion and pollution. These in turn affect the quality of life in the area, as well as the attractiveness of the community to new residents and new businesses. The Southern California Association of Governments concludes that “a geographic balance between housing and jobs in a region confers many benefits, including reduced driving and congestion, fewer air emissions, lower costs to businesses and commuters, and lower public expenditures on facilities and services.”
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SUPPORTING MATERIAL |
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● The 2000 Census reports the unemployment rate for Santa Monica residents at 7.4%.
● The 2000 Census reports that 60% of residents are employed as or in Management, Professional, and Related Occupations. The trend is expected to continue as housing prices continue to climb. |
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DATA SOURCES |
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View source material in Excel:
E3_JobsHousing.xls.
Email contact for data source inquires. |
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PRINTING TIPS
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Printing tips for MS Internet Explorer |
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LAST UPDATED
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September 2007 |
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CITATION |
www.smepd.org/scpr |
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