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Starting in the 1990s, the city of San Francisco and the surrounding San Francisco Bay Area have faced a serious housing shortage. The Bay Area's housing shortage is part of the broader California housing shortage. In October 2015, San Francisco had the highest rents of any major US city. [ 2] The nearby city of San Jose had the fourth highest ...
Cost and availability of affordable housing. In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [ 3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [ 3]
Palo Alto ranked in as the 5th most expensive city in the United States as of 2007, with an average home sales price of $1,677,000. [54] In 2010, Palo Alto ranked as the 2nd most expensive city in the United States, with a four-bedroom, two-bathroom home listing for $1.48 million on average. [ 55 ]
The Bay Area is now currently facing a new wave of gentrification caused by the expansion of technology industry and investment of private business developers. [42] New businesses open everywhere to replace long-term communities [ citation needed ] , and causes the constant migration of tenants all over the Bay Area [ citation needed ] .
In recent decades, San Francisco has become an important center of finance and technology. The high demand for housing, driven by its proximity to Silicon Valley, and the limited availability has led to the city being one of America's most expensive places to live. San Francisco is currently ranked 16th on the Global Financial Centres Index. [1]
Of counties with a population exceeding 1,000,000, Santa Clara County had the highest per capita income ($42,666), followed by Contra Costa County ($38,770). San Diego ($31,043), Los Angeles ($27,987), and Sacramento ($27,071) counties all had per capita incomes near that of the state. Map of counties by per capita income (ACS 2016–2020).
1658031, 2409829. Website. www.cityofbelvedere.org. Belvedere is a residential incorporated city located on the San Francisco Bay in Marin County, California, United States. [10] Consisting of two islands and a lagoon, it is connected to the Tiburon Peninsula by two causeways. At the 2020 census, the population was 2,126.
Oakland is a city in the East Bay region of the San Francisco Bay Area in the U.S. state of California. It is the county seat and most populous city in Alameda County, with a population of 440,646 in 2020. [ 13 ] A major West Coast port, Oakland is the most populous city in the East Bay region, the third most populous city in the Bay Area, and ...