Silicon Valley: A New Socioeconomic Snapshot


Joint Venture: Silicon Valley Network, a 16-year-old public-private partnership has been compiling key indicators on the health of Silicon Valley since 1995. It just released its 2009 report, you can upload by clicking here.

Among its findings about the Silicon Valley region:

Population: 2.59 million (up 41,166 or 1.6 percent over 2007). California has 38.2 million residents altogether, up 435,905 or 1.2 percent over 2007

Jobs: 1.4 million

Average Annual Earnings: $79,116

Foreign Immigration: 22,513

Domestic Migration: -4,745

Education: 14 percent of Silicon Valley residents have less than a high school education, 18 percent are high school graduates, 24 percent have attended some college, 26 percent have their bachelor’s degree, 18 percent have graduate or professional degrees. In the state of California, 20 percent of residents have less than a high school education, 23 percent are high school graduates, 28 percent have attended some college, 19 percent have their bachelor’s degree, and 11 percent have a graduate or professional degree.

Age Distribution: 13 percent of Silicon Valley residents are 0 to 9 years old; 13 percent are 10 to 19 years old; 36 percent are 20 to 44 years old; 26 percent are 44 to 64 years old; and 11 percent are older than 65 years old.

Ethnic Composition: 40 percent of Silicon Valley residents are white; 28 percent are Asian; 25 percent are Hispanic; 3 percent are black; and less than 1 percent are American Indian.

Foreign Born: 57 percent of foreign-born Silicon Valley residents were born in Asia; 32 percent were born in the Americas; and 9 percent were born in Europe.

Joint Venture defines Silicon Valley as including the following cities:

Santa Clara County, including Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga,  Sunnyvale; Alameda County, including Fremont, Newark, Union City; San Mateo County, including Atherton, Belmont, Brisbane, Broadmoor, Burlingame, Colma, Daly City, East Palo Alto, Foster City, Half Moon Bay, Hillsborough, Menlo Park, Millbrae, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo, South San Francisco, Woodside; and Santa Cruz County, including Scotts Valley.

There’s a treasure trove of data, including on income distribution, the cost of living in Silicon Valley compared with nationally, commercial rents and more in the downloadable report.

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