San Diego is one of our favorite cities. The weather is pretty much gorgeous all year around, the water sparkles in the sun, there are great places to dine, and the trolley tour is a relaxing way to learn some of the history of this great city.
Besides being a great place to visit, San Diego is also a great place to live and work. Yes, property prices are high, but they are not higher than some areas of California. The median priced home in San Diego, is at about $440,000,. If you have spent any time looking for real estate in your lifetime, then you know that a median home price means half the homes sold for much higher than that. For a nice home, near the ocean, not ON the ocean, you will probably pay closer to 1 million.
The prospects for high paying careers that will support that type of purchase price are getting better each year in San Diego. From the San Diego Website: “The Bureau of Labor Statistics (BLS) recently released employment data for the June 2015 period for all U.S. metro areas. At 5.0 percent, San Diego County’s unemployment rate fell by 1.4 points from this time last year. This was the 3rd largest drop in the nation, among the 25 most populous U.S. metros. That fall put San Diego’s rank at 10th among major U.S. metros and it remained below the U.S. overall rate of 5.5 percent.
When looking at employment growth, San Diego remained well above the national average. From June 2014 to June 2015, the region’s employment grew by 2.8 percent, which ranked 10th among the 25 most populous U.S. metros. The U.S. average growth rate was at only 2.1 percent. Growth has slowed substantially across the U.S. in the past few months, but has since picked up the pace. San Diego has consistently outpaced the national employment growth this year and has been among the top 10 competitive metros in the nation.
San Diego’s innovation economy is largely driving the region’s growth. The region is outpacing nearly all other major metros in professional, scientific and technical services (PST) growth. PST is a sector of the economy very heavily associated with the region’s innovation clusters. Much of the companies and employment in clusters like biotechnology, biomedical products, cleantech and information technology fall within the PST sector. Employment in the region’s PST sector grew by 6.1 percent since last June, the 3rd most out of any metro studied here. “
For any of you not currently residing in San Diego, but thinking it would be lovely to live there, this just might be the time. If you already reside in this beautiful, historic city, and your phones are ringing off the hook, let us help!!