Berkeley, CA Overview Located in central California, Berkeley is part of the Bay City area and home to just over ...
Berkeley, CA Overview
Located in central California, Berkeley is part of the Bay City area and home to just over 116,000 residents. It is a center of culture and diversity in the area, thanks in large part to the University of California, which has students from across the world. In the past ten years, the population has grown at almost 15 percent, leading to new job opportunities and small businesses throughout the city.
The cost of living in Berkeley, CA is very high. It is 37 percent above the national average and over 70 percent higher in comparison to the rest of California. This is due to higher transportation, groceries, healthcare, and housing costs. The median home price is $974,700, which is well above state and national averages. Average rent prices are around $3,130 a month for a two-bedroom apartment.
Berkeley, CA Job Opportunities
Berkeley has a very diversified economy, making job opportunities abundant for job seekers in many professions. Education, research, healthcare, and the food and service industries are the major industries in the city. Its proximity to Silicon Valley also makes it an attractive place for high tech companies and startup incubators.
The top employers in Berkeley are the University of California at Berkeley, which hires administrators, adjunct professors, coaches and other staff, and the Lawrence Berkeley National Laboratory, which hires many different types of researchers. Other top employers include Alta Bates Summit Medical Center, Bayer, and Pacific Steel.
Berkeley, CA Employment Trends
As of September 2015, the unemployment rate of Berkeley is 3.6 percent, compared to the national average of 5.5 percent and the statewide average of 6.3 percent. Annual job growth is 2.7 percent, with an increase in the high tech industry of 3.2 percent. Berkeley also expects an annual household income growth of 1.8 percent.
Forbes lists Berkeley as the 25th best place for business and careers, and 167th in cost of doing business.