Located in the Greater Los Angeles area, Corona, California is home to 152,000 people, making it the 154th largest city in the United States. Because of its proximity to other densely populated areas, it has many workers that commute to other cities while still having a large enough economy to generate many jobs. Many of the areas hit hard by the recession, such as retail and food service, have begun to recover, thanks to revitalization projects in the city.
The cost of living in Corona is lower than the statewide average, but substantially higher than the nationwide average. Housing, transportation, utilities, and groceries are partially to blame for this high cost of living, but because of its proximity to affluent towns surrounding Los Angeles, it is affordable for its location. The median home price in the city is $341,000, while the median rent is $1,325 a month.
Corona, CA Job Opportunities
Corona has a very diverse economy with job opportunities in education, healthcare, entertainment, construction, and manufacturing. The city is actually home to several famous companies including Monster Beverages, Lucas Oil, and Saleen. These corporate offices allow many jobs for those with expertise in accounting, marketing, engineering and finance.
The top employer in the city is the Corona-Norco Unified School District, which employs nearly 5,000 teachers, coaches, and administrators. Other large employers with over 1,000 on staff include Watson Pharmaceuticals and the Corona Regional Medical Center.
Corona, CA Employment Trends
Due to the amount of large corporations, unemployment as of April 2015 was only 4.8 percent, which is well below the state average of 6.3 percent and the national average of 5.5 percent. Its annual job growth rate is at 1.2 percent, making it the 436th fastest-growing economy in the country.
Other local initiatives by the city government and investors, such as the renovation of the previously foreclosed Dos Lagos Shopping Center, aim to bring in residents, as well as jobs.