Hermosa Beach California City Guide

Hermosa Beach’s population in 2010 was 19,355, and 19,650 residents lived in the city in 2018. The annual growth rate is 0.21%, and the 10 year growth rate is 1.5%.

Because 9,104 residents are women, 46.33% of the population is female. Reportedly 10,546 residents are men, so 53.67% of the city’s population is male.

Hermosa Beach’s median age is 39. This makes sense, seeing as 35% of residents are 35-54 years old. Another 20% of the population is 25-34. Almost 24% of residents are over 55 years old. With this in mind, a small percentage of the city’s population is under 18.

Hermosa Beach’s population is 84.7% White and 6.2% Asian. Another 5.6% of residents are biracial or multiracial, while 1.3% of residents are Black or African American. 1.4% of people living in Hermosa Beach are of other ethnic backgrounds.

89.5% of the population only speaks English. 4% of residents are fluent in Spanish, while 1.7% of the population knows Chinese, Mandarin, or Cantonese. Another 1.5% of residents speak other Indo-European languages.

Slightly over 10% of residents were born outside of the U.S. This percentage is lower than the national average and much lower than California’s average of 29%.

Hermosa Beach contains 2 elementary school campuses and 1 middle school campus. The high school dropout rate is less than 3%, and 97.6% of the city’s adult population has a high school diploma or an equivalent degree.

Roughly 11% of residents have some level of a college education, while 5.3% have earned an associate’s degree. At 75%, an impressively high number of residents over 25 years old have a bachelor’s degree. Almost 26% of adult residents have gone on to receive a graduate or professional degree, and 3.8% of residents hold a doctorate degree.

77% of Hermosa Beach’s younger residents attend public schools, while 23% attend private schools.

As a top California beachfront city, it’s no surprise that Hermosa Beach has a median home value of a little over $2 million. This average places Hermosa Beach’s real estate market among the most expensive in both the state and the country as a whole.

The majority of properties in the city at 67.3% are worth over $1.2 million. Another 14.7% of properties vary between $935K-$1.2 million. From there, 7.5% of real estate is priced between $624K-$935K, and 4.1% of properties range between $499K-$624K. 3.5% of properties in the city vary between $249K-$499K, and about 3% of properties are worth under $249K.

In the 10 year span of time between roughly January 2010 and January 2020, real estate in the city appreciated 74.09%. This breaks down into an average annual appreciation rate of 5.70%, which is among the top 10% of highest appreciation rates in the country.

The majority of residences in Hermosa Beach at 53.5% are rented residences. This leaves 46.5% of properties being lived in by the owners. The city’s vacancy rate tracks around 10.1%.

11% of properties in the city were built in or before 1939, and 41.9% were built between 1940-1969. From there, 37.6% of properties were constructed between 1970-1999, and 9.5% of housing options in Hermosa Beach were constructed in 2000 or in following years.

To give an idea of size, 27.3% of properties have 1 bedroom layouts, and 30.6% have 2 bedroom layouts. 24.8% of residences in Hermosa Beach have 3 bedrooms, 14.9% have 4 bedrooms, and 2.4% have 5 or more bedrooms.

About 46.4% of properties in the city are single family detached homes, and 10.6% of residences are condominiums and attached properties. 25% of Hermosa Beach properties are apartment complexes, and 18% are smaller apartment buildings.

Hermosa Beach’s average salary is just under $144K, and the city’s median household income is $137K. For reference, Hermosa Beach’s per capita income is about $93K.

5.3% of residents live in poverty, and the unemployment rate in Hermosa Beach is 3.3%. About 3% of the city’s population earns less than $25K annually. Meanwhile, another 3% of the population earns between $25K-$35K. 8% of residents make $35K-$50K each year, while almost 15% earn $50K-$65K.

From there, 7% of the city’s population makes between $65K-$75K annually, and over 14% of residents earn $75K-$100K. An estimated 50% of the city’s population makes over $100K each year.