What life is absolutely like in the costliest place within the US, the place the standard residence prices $1 million and it seems like everybody works in tech
- San Jose-Sunnyvale-Santa Clara, California, is the costliest metro space within the US.
- San Jose is the bona fide capital of Silicon Valley.
- About one-quarter of households earn over $200,000 a 12 months, however that also is probably not sufficient to purchase a median-priced residence.
- In the meantime, an reasonably priced housing scarcity has left 1000’s of working San Jose residents homeless.
Outsiders could take into account San Francisco synonymous with Silicon Valley, however locals know the epicenter of tech tradition is San Jose.
The metro space outlined by the US Census as San Jose-Sunnyvale-Santa Clara is the proverbial coronary heart of Silicon Valley — and the costliest place to stay within the US. Items and companies are about 27% dearer than the nationwide common in San Jose, and the median residence sale worth is over $1 million.
However San Jose is not all engineers and programmers flush with money (or inventory choices). A dire reasonably priced housing scarcity has left lecturers, landscapers, safety officers, and 1000’s of minimum-wage employees nearly homeless.
Here is a glance inside San Jose:
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The San Jose-Sunnyvale-Santa Clara metro is residence to just about two million folks.
Two counties make up the metro space: Santa Clara and San Benito.
It is the second-most populous metro within the Bay Space behind San Francisco-Oakland-Hayward, which is commonly synonymous with Silicon Valley and tech tradition.
See the remainder of the story at Enterprise Insider