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Is Calabasas rich?

Is Calabasas a rich community?

Your Calabasas Realtor David Salmanson answers the question

Oftentimes, people ask if Calabasas, CA is a rich community. There are many different takes on what it means to be rich. When evaluating net worth and trying t decide whether a community is “rich”, one needs to consider a median income of a community and a median house prices.

According to a number of sources including Data USA, there are over 24,000 people living in Calabasas, CA with a median age of 44 years. The median income level is just about of $115,000 per year, which is almost double the amount of the median annual income of $61,938 across the United States. The median property value as of 2020 is $976,500. According to the census, the population of Calabasas, CA is 76.5% white, 9.81% Asian and 7.45% Hispanic or Latino and 93% are US citizens.

In general, Americans consider that being rich means having a net worth of over $2.3 Million. While not all Calabasas residents have achieved such net worth, there are many that exceed that number by far. Calabasas is known for many celebrities, sports figures, and notable business people living there, and many of their net worth exceeds $10,000,000. There are a number of gated Calabasas Communities such as Hidden Hills, Hidden Hills West, The Oaks, Estates at the Oaks and Mountain View Estates, where many rich people live. Residents of Calabasas enjoy their city and about 70% of residents are own a home.

When compared with the rest of the United States, with its high-income level, property value homeownership, Calabasas is rich.

For a list of Calabasas homes for sale click here. If you are considering moving to Calabasas, please contact your Calabasas Realtor David Salmanson at 818-421-2170

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