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The economy of the State of California is the largest in the United States, with a $4.080 trillion gross state product (GSP) as of 2024. [1] It is the largest sub-national economy in the world. If California were a nation it would rank in terms of nominal GDP as the world's fourth largest economy, behind Germany and ahead of Japan (4.070
[30]: 1 [24]: 1 [31]: 1 (For California as a whole, from 2011 to 2016, the state added only one new housing unit for every five new residents.) [15]: 1 This has driven home prices and rents to high levels, such that by 2017, the median price of a home across California was more than 2.5 times the median in the U.S. as a whole, and in California ...
Every few years, a parcel comes onto the market so large that it’s a shock it’s still empty, especially in an area as populous as L.A. County, which holds roughly 9.8 million residents ...
"If California had added 210,000 new housing units each year over the past three decades (as opposed to 120,000), [enough to keep California's housing prices no more than 80% higher than the median for the U.S. as a whole--the price differential which existed in 1980] population would be much greater than it is today.
The One Cost That’s Making Buying a Home in California Too Expensive & The Cities Where It’s Not An Issue. Cynthia Measom. November 18, 2024 at 7:00 AM. benedek / Getty Images/iStockphoto.
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The following is a list of California locations by income. California had a per capita income of $29,906 during the five-year period comprising years 2010 through 2014. About every third county and every third place in California had per capita incomes above the state average. Though somewhat counterintuitive, this implies that counties and ...
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