{"id":392619,"date":"2023-07-28T22:41:29","date_gmt":"2023-07-28T22:41:29","guid":{"rendered":"https:\/\/staging.venturacounty.gov\/human-services-agency\/?page_id=392619"},"modified":"2025-08-06T23:58:09","modified_gmt":"2025-08-06T23:58:09","slug":"economic-well-being-data","status":"publish","type":"page","link":"https:\/\/staging.venturacounty.gov\/human-services-agency\/economic-well-being-data\/","title":{"rendered":"Economic Well-Being Data"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Economics\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Economic Well-Being Data<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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At a minimum, economic well-being refers to the ability to support the basic cost of living and have the choice in how to spend financial resources. Ideally, a sense of security and satisfaction regarding personal finances, confidence to meet future financial goals, the ability to absorb unexpected expenses as well as build and maintain financial assets is also included. This page includes information on a number of influencing factors.<\/p>

The trajectory of an individual\u2019s economic well-being begins in childhood. A child raised in a family that earns the least will face challenges in moving towards a higher income level as an adult. Specifically, the odds of a child born to a family earning in the bottom one-fifth of income later earning in the top one-fifth as an adult is only 4%.<\/p>

To learn more about just some of the factors that impact those odds, visit our\u00a0Social Mobility<\/a>\u00a0page.<\/p><\/div><\/div><\/div><\/div><\/div>

What’s the cost of living in Ventura County?<\/h3>

by United Ways of California<\/p><\/div><\/div><\/div><\/div><\/div>

The Real Cost Measure (RCM) estimates the amount of income required to meet basic needs (the \u201cReal Cost Budget\u201d) for a given household type in a specific community. The Real Cost Measure builds a bare-bones budget that reflects constrained yet reasonable choices for essential expenses: housing, food, transportation, health care, taxes and child care.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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# of Households below Real Cost Measure<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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61,394<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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% of Households below Real Cost Measure<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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27%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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% of Households below Real Cost Measure with at least 1 Working Adult<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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97%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Annual Income Comparison\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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(based on a household of 2 adults, 1 pre-schooler, 1 school-aged child)<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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based on $13.00 per hour, 40 hours per week, 50 weeks per year.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\"\"<\/td>\nMedian Adjusted HH Income<\/td>\n\"\"<\/td>\n2 Minimum Wage Jobs*<\/td>\n<\/tr>\n
\"\"<\/td>\nRCM Budget<\/td>\n\"\"<\/td>\nSupplemental Poverty Measure<\/td>\n<\/tr>\n
\"\"<\/td>\nMedian Poverty Threshold<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Household Budgets\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\u00a0<\/th>1 Adult<\/th>2 Adults<\/th>2 Adults
1 Pre-schooler
1 School-aged<\/th><\/tr><\/thead>
Housing<\/td>$15,228<\/td>$18,228<\/td>$23,076<\/td><\/tr>
Food<\/td>$4,404<\/td>$8,064<\/td>$12,468<\/td><\/tr>
Health Care<\/td>$2,592<\/td>$5,184<\/td>$10,368<\/td><\/tr>
Child Care<\/td>$0<\/td>$0<\/td>$18,708<\/td><\/tr>
Transportation<\/td>$5,604<\/td>$11,208<\/td>$11,208<\/td><\/tr>
Miscellaneous<\/td>$2,784<\/td>$4,272<\/td>$7,584<\/td><\/tr>
Taxes\/Credits<\/td>$5,592<\/td>$7,276<\/td>$14,101<\/td><\/tr><\/tbody>
FINAL BUDGET<\/th>$36,204<\/th>$54,232<\/th>$97,513<\/th><\/tr><\/tfoot><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Families with children face a larger barrier to economic security\u2026<\/strong><\/h2>

49% of households with children under six struggle, a rate much greater than that of the rest of the county.<\/p>

Single mother are most likely to struggle.\u00a0 63% in the county are below the Real Cost Measure.<\/p>

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Households of color struggle dispropo<\/strong>rtionately\u2026<\/strong><\/h2>

Across the county, African Americans and Latinos have a disproportionate number of households with incomes below the Standard.\u00a0 In this area, of the 61,394 households below the Real Cost Measure, 33,000 are Latino.<\/p>

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Families work, but don\u2019t earn enough\u2026<\/strong><\/h2>

97% of households below RCM have at least one working adult.<\/p>

69% of heads of household who work are employed full time and year round.<\/p>

A family of four (2 adults, 1 infant, 1 school-aged-child) would need to hold more than 3 full time, minimum-wage jobs to achieve economic security.**<\/p>

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High housing costs are a major challenge for struggling households\u2026<\/strong><\/h2>

39% of all households in the county spend more than 30% of their income on housing.<\/p>

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**based on $13.00 per hour, 40 hours per week, 50 weeks per year.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Education

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# below RCM

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% below RCM

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Less than High School<\/td>13,581<\/td>63%<\/td><\/tr>
High School Diploma or Equivalent<\/td>14,580<\/td>42%<\/td><\/tr>
Some College, Assoc. or Voc.<\/td>20,670<\/td>30%<\/td><\/tr>
College degree or higher<\/td>12,563<\/td>13%<\/td><\/tr><\/tbody><\/table>

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Ethnicity

<\/th>		# below RCM

<\/th>		% below RCM

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Latino\/a<\/td>33,000<\/td>46%<\/td><\/tr>
African American<\/td>*<\/td>*<\/td><\/tr>
Asian American\/Pacific Islander<\/td>*<\/td>*<\/td><\/tr>
White<\/td>24,099<\/td>19%<\/td><\/tr>
Native American\/Alaska Native<\/td>*<\/td>*<\/td><\/tr><\/tbody><\/table>

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Household Type

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# below RCM

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% below RCM

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Single Mothers<\/td>7,662<\/td>63%<\/td><\/tr>
Seniors<\/td>9,932<\/td>20%<\/td><\/tr>
Married Couples<\/td>25,912<\/td>26%<\/td><\/tr>
Informal Families<\/td>10,962<\/td>26%<\/td><\/tr><\/tbody><\/table>

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Citizenship\/Nativity

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# below RCM

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% below RCM

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Foreign Born, Non-Citizen<\/td>13,307<\/td>59%<\/td><\/tr>
Foreign Born, Naturalized<\/td>10,224<\/td>30%<\/td><\/tr>
Born a US Citizen<\/td>37,863<\/td>23%<\/td><\/tr><\/tbody><\/table>

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Findings drawn from The Real Cost Measure in California 2023, by United Ways of California in partnership with B3 Consults.\u00a0 Data calculated for this geographic profile is from 2021.\u00a0 For detailed methodology, visit<\/em>\u00a0http:\/\/unitedwaysca.org\/realcost<\/a>.<\/p>

*\u00a0 For the tables above, any values which appear to be \u201cmissing\u201d have actually been purposefully excluded due to the dataset being too small to be calculated accurately.<\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Income and Poverty<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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