VENICE, LOS ANGELES, CALIFORNIA
Venice is a residential, commercial and recreational beachfront neighborhood within the California city of Los Angeles, located in its greater Westside.
Venice was founded in 1905 as a seaside resort town. It was an independent city until 1926, when it merged with Los Angeles. Today, Venice is known for its canals, beaches, and the circus-like Ocean Front Walk, a two-and-a-half-mile pedestrian-only promenade that features performers, mystics, artists and vendors.
The 2000 U.S. census counted 37,705 residents in the 3.17-square-mile Venice neighborhood—an average of 11,891 people per square mile, about the norm for Los Angeles; in 2008, the city estimated that the population had increased to 40,885. The median age for residents was 35, considered the average for Los Angeles; the percentages of residents aged 19 through 49 were among the county's highest.
The ethnic breakdown was whites, 64.2%; Latinos, 21.7%; blacks, 5.4%; Asians, 4.1%, and others, 4.6%. Mexico (38.4%) and the United Kingdom (8.5%) were the most common places of birth for the 22.3% of the residents who were born abroad—considered a low figure for Los Angeles.
The median yearly household income in 2008 dollars was $67,647, a high figure for Los Angeles. The percentage of households earning $125,000 was considered high for the city. The average household size of 1.9 people was low for both the city and the county. Renters occupied 68.8% of the housing stock and house- or apartment owners held 31.2%. Property values have been increasing lately due to the presence of technology companies such as Google Inc. (which in 2011 began leasing 100,000 square feet of space in Venice) and Snap Inc.(which leases property on Market Street and Abbot Kinney).
The percentages of never-married men (51.3%), never-married women (40.6%), divorced men (11.3%) and divorced women (15.9%) were among the county's highest. The percentage of veterans who had served during the Vietnam War was among the county's highest