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San Mateo, CA Employment Information
San Mateo, CA Overview
Located in the San Francisco Bay area in the high-tech Silicon Valley, San Mateo, California, is one of the largest suburbs in the region. The economy is so strong that the cost of living in San Mateo is more than 34 percent higher than the California average, and over 80 percent higher than the national average. These numbers start to make sense, however, when you realize that the income per capita in the city is more than 50 percent higher than the state average. Poverty levels are about 57 percent less than the average levels for California and the U.S., making San Mateo an attractive destination for job seekers looking to relocate to a thriving city.
San Mateo, CA Job Opportunities
Thanks to its diverse economy, San Mateo, California, offers job opportunities in finance, technology, service, and retail, just to name a few sectors. Major companies based here include GoPro, Franklin Templeton Investments, and Roblox. Aside from these companies, the top employers for the city are San Mateo Medical center, the local school districts, and the City of San Mateo, ensuring that health care, education, and government jobs are a mainstay in the area. Also, thanks to San Mateo's convenient location halfway between San Jose and San Francisco, residents willing to commute can enjoy increased job opportunities.
San Mateo, CA Employment Trends
Recent unemployment rates for San Mateo are about 5 percent, which is lower than the state and national average. With its increased earning potential, extremely low poverty rate, and appreciating real estate values, San Mateo is set to remain an economic powerhouse in the Silicon Valley for years to come. Job seekers wanting to take advantage of a solid economy, limitless job growth potential, and a richly diverse arts and culture scene should consider all that San Mateo has to offer.