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[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
The 2000 census found that 48.4% of Toluca Lake residents within Los Angeles had earned a four-year degree, a high figure for both the city and the county. The percentage of those residents with a master's degree or higher was large for the county. [1] The Los Angeles section of Toluca Lake is a part of the Los Angeles Unified School District.
While high paid tech workers can generally afford to live in the region, others cannot. To afford a two-bedroom apartment in Santa Clara County, an individual must earn at least $54.60 an hour, or $113,560 a year. California software developers earn an average of $60.27 an hour; in contrast, the average elementary school teacher earns $39.40. [8]
A total of 24,190 people lived in Valley Village's 2.09 square miles, according to the 2000 U.S. census – averaging 11,600 people per square mile, about average for Los Angeles. Population was estimated at 25,665 in 2008.
In San Francisco as of 2014, about 75% of all rental units were rent controlled, [7]: 1 and in Los Angeles in 2014, 80% of multifamily units were rent controlled. [ 8 ] : 1 In 2019, Oregon 's legislature passed a bill which made the state the first in the nation to adopt a state-wide rent control policy.
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