Goleta is a nicely established residential area of tract homes. Many of the engineers and employees of the aerospace companies live in this area. Above Cathedral Oaks Road you move into an area of rolling hills and views of the ocean and mountains. There are some fine residences and citrus and avocado ranches. There is an abundance of condominiums and housing developments offering a variety of affordable living.
The principal industrial sector of Santa Barbara County is located in the City of Goleta. The City is home to approximately 80 research and development firms in the hi-tech field including those that specialize in electronics, telecommunications, medical research, national security and remote sensing manufacturing that contribute significantly to the local economy.