Valencia, Santa Clarita, CA Economic Overview
Valencia is a neighborhood in the city of Santa Clarita, located within Los Angeles County, in the northwestern corner of the Santa Clarita Valley. Valencia is a planned community, inhabited by just over 60,000 residents, and is one of four unincorporated communities that make up the city. Santa Clarita is the third largest city in Los Angeles County, with a total population of over 213,000, known for its exceptional quality of life, community-driven leadership, and top graded municipal services. Santa Clarita was ranked by Money magazine in 2006 as 18th of the top 100 places to live. Valencia and the city of Santa Clarita play an important role in the economy of Los Angeles County, based on their size and desirability as a community. Valencia is an ideal place for enjoying outdoor activities in its parks and open space, and exploring its community trails, bridges, and over 30 miles of walking paths. In Valencia, you’ll also find the infamous Six Flags Magic Mountain Park, as well as modern business parks, which distinguish the Valencia office market from the rest of Santa Clarita.
Santa Clarita and Valencia’s local economy is primarily service-based, with 42% of businesses in the service sector. Santa Clarita's strong and diverse economy makes it the ideal destination for its growing base of small businesses. Maintenance of a highly supportive environment for business development is achieved through the cooperation of the Santa Clarita Valley Economic Development Corporation, the Santa Clarita Valley Chamber of Commerce, the Valley Industry Association, and the City government. In addition, companies benefit greatly from the area's modern business parks, as well as from a highly-skilled labor pool, variety of transportation choices, housing, quality of life, climate, and scenery. Valencia is home to a wide range of employment opportunities, including the thriving Valencia Gateway. With nearly 1,500 companies and 45,000 employees, it is one of the largest and fastest-growing centers for business, technology, and industry in Los Angeles County. Valencia is also a flourishing retail market, ranking higher than Beverly Hills, Burbank, Glendale, and Pasadena, and is one of the only 37 cities with a retail market above $2 billion. As one of the more affluent neighborhoods in the Los Angeles County area, Valencia boasts a relatively high median household income of $83,554. The Santa Clarita Valley top employers include Six Flags Magic Mountain, Princess Cruises, Henry Mayo Newhall Memorial Hospital, Quest Diagnostics, and the local school districts.