Valley Residents: More Money, Bigger Commute Times

Valley residents make more money and spend more time commuting than the average American, according to a U.S. Census Bureau report that for the first time examines the population of the San Fernando independently of Los Angeles. The report found that 1.74 people live in the Valley, more than all but four cities in the U.S.: New York, L.A., Chicago and Houston. Valley residents spend an average of 29 minutes commuting to work, 7.4 percent longer than the average Californian and 15.5 percent more than Americans. The report also found the median Valley home cost $524,000, higher than the city, county and state averages and more than triple the national average. The report was prepared at the request of U.S. Rep. Brad Sherman and Los Angeles County. Click here for the full report.