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But living in this tech hub is exceedingly expensive; the median home price stands at $1.4 million, while the median rent for a one-bedroom apartment is over $4,200 per month.
The city is the second most expensive county in California for renters. A tenant must make a minimum $61.31 hourly wage in order to afford a two-bedroom apartment. (Yichuan Cao / Sipa USA via ...
The city has also recently passed a bill to subsidize the production of high rise buildings in the downtown area, although it is a controversial move that critics say will benefit developers but harm workers. [26] The city's first ever affordable housing complex for previously homeless residents, Second Street Studios, opened in August 2019. [27]
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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
This is a list of urban areas in the California as defined by the U.S. Census Bureau, ordered according to their 2010 estimated Census populations. In the table, UA refers to "urbanized area" (urban areas with population over 50,000) and UC refers to "urban cluster" (urban areas with population less than 50,000).
The California Legislative Analyst's Office 2015 report "California's High Housing Costs – Causes and Consequences" estimates that for the state to have kept housing prices no more than 80% higher than the median for the U.S. as a whole (the price differential which existed in 1980, as opposed to the >150% differential which exists today ...
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 ...