Thinking about moving to San Jose?
You’ll be in good company. Between 2010 and 2016, more than 79,408 people have moved to San Jose, an increase of 8.4%. New residents are attracted to San Jose’s high paying jobs, excellent weather, and the culture of northern California. As the center of Silicon Valley, San Jose is a tech powerhouse and one of the best places in the world to find a tech job or start a tech company.
San Jose is home to 1,025,350 San Joseans. With an area of 176.6 square miles, San Jose has a population density of 5,806 persons per square mile, which makes it more dense than many other cities of comparable size.
The San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area boasts a population of 1,978,816 people, of which San Jose proper’s population makes up 52%.
San Jose’s growth and desirability come at a major cost: housing is pricey. The median home value in San Jose is $881,200, 340% above the US median value, according to Zillow. The median price per square foot in San Jose is $569. Over the past 5 years, home values in San Jose have increased by 11%.
Renters in San Jose will also have a hard time finding affordable housing. The median rent in San Jose is $3,333 per month, which is 133% higher than the US median. Over the past year, rental rates in San Jose have decreased by 1.3%.
The San Jose economy is on fire. The San Jose metro area’s GDP grew by 44% between 2010 and 2015, from $164 billion in 2010 to $235 billion in 2015, a total increase of $71 billion. The metro area has a per capita GDP of $118,870. According to the US Census Bureau, the median household income in San Jose, CA is $95,405, 121% higher than the national median. San Jose’s unemployment rate is 3.6%.