Compton, CA Economic Overview
Compton is one of the oldest and largest cities in L.A. County, situated just south of downtown Los Angeles. Known as the “Hub City," due to its geographic central position in Los Angeles County, Compton’s 10.6 square miles have served as a highly desirable suburb for middle class residents of Los Angeles. Compton prides itself in being a diverse, multicultural community of over 98,000 residents and 8,100 businesses. In 2010, Compton made the national list for best places to start and grow a business, ranking #2 in Los Angeles County. Compton is strategically located less than 20 minutes away from the Long Beach and Los Angeles Ports, along the Alameda Corridor, a passageway of 25% of all U.S. waterborne international trade. The easy accessibility to and from five freeways and the affordability of the Compton commercial real estate continues to draw additional residents and developers to the area.
The City of Compton is a growing industrial center in Los Angeles County, for transit and distribution business, high technology, home and lifestyle products, metals, financial services, and textile manufacturing. The grocery chains Ralphs and Food 4 Less, subsidiaries of Kroger, and Gelson’s Market, are all headquartered in Compton. In addition to its major network of centrally located freeways, “Hub City" is part of the Gateway region and is home to the 77-acre Compton/Woodley Airport, home to 275 based aircraft and schedules over 66,000 flight operations each year. Compton has also emerged as one of the region’s most dynamic shopping environments, hosting 26 of the nation’s top 100 retailers in the area. Located within 30 minutes of some of California’s finest beaches and 60 minutes from ski resorts in nearby mountain ranges, the City of Compton is also close to a host of recreational activities and attracts many visitors each year.
Compton, CA Commercial Real Estate Market
Due to its central Los Angeles County location, Compton continues to attract commercial development. The Compton Town Center hosts 30 businesses, including a Burlington’s Coat Factory, and the Rosecrans Shopping Plaza and Gateway Towne Center serve as unparalleled shopping experiences in easy to reach locations. In January 2017, Compton opened its WalMart Super Center and will welcome United Parcel Services to its Brickyard Industrial Park, that will serve as a new home to the global giant’s newest package handling facility. One can also find the Walnut Industrial Park, hosting over 1,500 acres of quality corporations such as Kroger’s, Carbon Activated, Alloy Processing, and Nissan.
The Los Angeles County office market continues to see high demand driven by business growth in a broad range of industry sectors, such as technology, media entertainment, finance, professional services, educations, and health care. L.A. County office vacancy decreased to 15.1% in 2017 and is expected to decline further due to continued job and business growth, especially for the media, entertainment, and technology companies curating media content.
Downtown Compton/Compton City is the major commerce district of Compton and home to many businesses, two shopping centers, and the Martin Luther King Jr. Transit Center. As one of the Gateway Cities of Los Angeles, the Downtown Compton office market offers a strategic location at considerably lower rates than the rest of the LA region.
Employment in Compton, CA
The Los Angeles County unemployment rate has remained relatively stable at 4.4% in 2017, below a rate of 5.2% in 2016, compared to the California unemployment rate of 4.7%. The County labor force boasts 4,895,000 employees, with the largest job growth in Construction and Leisure and Hospitality. Educational and Health Services recorded the largest year on year job increases with an addition of 19,500 jobs. The occupations with the fastest project job growth include Mathematicians, Personal Care Aides, and Statisticians.
According to the Bureau of Labor Statistics, the industries in the Los Angeles-Long Beach-Glendale, CA area with the highest employment numbers include:
- Trade, Transportation, and Utilities—currently employs 820,900, growing at 0.2%/year;
- Education and Health Services—currently employs 781,000, growing at 2.6%/year;
- Professional and Business Services – currently employs 615,900, growing at 3.1%/year.
Education in Compton, CA
Compton is served by the Compton Unified School District, which facilitates learning programs in the City for all residents through eight Middle Schools, 24 Elementary Schools, and three High Schools. The district is a participant of the FOCUS program conducted by the University of California, Irvine. The goals of the program are to improve mathematics and science achievement by uniting the efforts of mathematics, science, education and research library faculty and staff with educators of the school district.
The city is also served by El Camino College Compton Education Center, which offers community college courses for those planning to enter a four-year degree program, as well as those seeking further education in specific trade fields. Reed Christian College is a non-profit private institution, located in Compton. The program lasts for less than one year, and total enrollment is approximately 120 students.
Commuting Time in Compton, CA
“Hub City" is centrally located near four freeways, including Interstate 710, State Route 91, Interstate 105, and Interstate 110, and provides access to destinations through the Los Angeles region. Alternative transportation options include:
- The Metro Blue Line light rail runs north–south through the city; Compton Station is in the heart of the city, adjacent to the Renaissance Shopping Center. The Blue Line connects Compton to downtown Los Angeles and downtown Long Beach;
- The Compton Renaissance Transit System serves the local community;
- Compton/Woodley Airport is a small general aviation airport located in the city. The airport lies within busy airspace, as it is situated within a few miles of both Los Angeles International Airport and Long Beach Airport.
Employees in Compton have a longer average commute time of 28.1 minutes than the national average of 24.8 minutes. The largest share of workers drives alone, followed by those who carpool and use public transit.
- Total Population136,688
- Male Population(48.8 %) 66,707
- Female Population(51.2 %) 69,980
- Median Age29.60
- Average Household Income$57,663
- Median Household Income$46,008
- Median Income Under 25$28,958
- Median Income 25-44$44,483
- Median Income 45-64$53,601
- Median Income Over 65$39,095
Residential Rents in Compton, CA
The average rent for an apartment in Compton is one of the cheapest in the region at $1,013/month, a 4% increase compared to the previous year, when the average rent was $970. Nearby rental options include Los Angeles with an average of $2,055/month, Long Beach with $1,767/month, and Santa Monica with $3,499/month.
Compton, CA Average Rental Price, April 2019
- $ 1,038/mo
- 1 Bedroom: $ 960
- 2 Bedrooms: $ 1,094
Compton, CA Rent Trends
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