Rancho Santa Margarita has the 609th largest population in the United States. The population grew by 3.1% from 2010 to 2015, which was faster than the national average. Rancho Santa Margarita is part of the Los Angeles metro area. Unemployment in the Los Angeles area is 4%, which is lower than the national average, and is getting better. Los Angeles has the 2nd largest local economy in the US, and a high cost of living. The average pay for jobs in Rancho Santa Margarita is above average at $53,870, and the median cost of a home in Rancho Santa Margarita is $537,100, which is above the national average. 49% of workers in Rancho Santa Margarita hold a bachelors degree or higher (above average), and 95% of workers have a high school degree (above average). Driving to work is especially common in Rancho Santa Margarita. 78% of Rancho Santa Margarita workers drive to work alone, 2% take public transit, 10% carpool, and 9% walk. People in Rancho Santa Margarita spend an average of 28 minutes commuting to work, which is longer than the national average of 26 minutes.