Thinking about moving to Sacramento?
You’ll be in good company. Between 2010 and 2016, more than 28,746 people have moved to Sacramento, an increase of 6.2%. New residents are attracted to Sacramento’s booming economy, affordable living (relative to the rest of California), and hip culture.
When most people think of California, they think of sandy beaches, but Sacramento, located in north-central California, is a city of rivers and trees. You’ll find San Francisco and the coast two hours to your west and Lake Tahoe and the Sierra Nevadas two hours to the east. And when the California High-Speed Rail corridor is finished sometime in the 2020s, Sacramentans will be able to zip up and down California, from San Jose to San Diego.
Sacramento is home to 495,234 Sacramentans. With an area of 97.9 square miles, Sacramento has a population density of 5,059 persons per square mile, which makes it more dense than many other cities of comparable size.
The Sacramento–Roseville–Arden-Arcade, CA Metropolitan Statistical Area boasts a population of 2,296,418 people, of which Sacramento proper’s population makes up 22%.
Sacramento’s growth and desirability come at a major cost: housing is pricey. The median home value in Sacramento is $302,700, 51% above the US median value, according to Zillow. The median price per square foot in Sacramento is $207. Over the past 5 years, home values in Sacramento have increased by 16%.
Renters in Sacramento will also have a hard time finding affordable housing. The median rent in Sacramento is $1,545 per month, which is 8% higher than the US median. Over the past year, rental rates in Sacramento have increased by 5.3%.
The Sacramento economy is on fire. The Sacramento metro area’s GDP grew by 24% between 2010 and 2015, from $96 billion in 2010 to $119 billion in 2015, a total increase of $23 billion. The metro area has a per capita GDP of $51,742. According to the US Census Bureau, the median household income in Sacramento, CA is $60,003, 4% lower than the national median. Sacramento’s unemployment rate is 4.8%.