San Francisco CA

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San Francisco is a large city in Northern California and a major cultural, commercial, financial and social center for the state. It sits at the northern tip of the San Francisco Bay Area. Although it’s only the 13th-most populous city in the country, it’s the second-most densely populated, behind New York City. The high number of residents is largely due to the economic prosperity and importance of the city.

View of downtown San Francisco from Alcatraz Island , California.

Economy

San Francisco and the Bay Area are major centers for the technology industry. The city became a hub during the internet boom of the 1990s. It is an important location for Apple, Google, Facebook, and Twitter, although three of these are now headquartered in other parts of the Bay Area.

Beyond technology, a large number of financial, marketing, media, and retail companies are headquartered in San Francisco. In 2017, the San Jose-San Francisco-Oakland combined statistical area had a GDP of $907 billion, the third highest in the world and ahead of all but 16 countries. These are the top employers by employee count:

  • City of San Francisco
  • University of California, San Francisco
  • California Pacific Medical Center

Home Values

San Francisco has a famously expensive housing market. The median price is over $1.3 million and the median price per square foot is over $1,000. These values have increased dramatically since 2012. Although it’s an expensive city to live in, it’s also extremely popular, largely due to its booming economy.

Culture

San Francisco has a vibrant and diverse culture. It ‘s a significant hub for the LGBT+ community in the United States and very supportive of this population.

There are numerous theaters and other live-performance venues. Street festivals play an important role in the city’s culture. Additionally, tourist attractions such as Fisherman’s Warf, the Financial District, Lombard Street, and Union Square draw a lot of visitors to the city.

 

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