(08-29) 09:13 PDT San Jose, Calif. (AP) —
Northern California’s largest city is also the wealthiest urban center in the nation, with a median household income of $74,000.
Santa Clara County, epicenter of Silicon Valley and home to some of the world’s most successful technology companies, was California’s second richest. Santa Clara County’s median household income last year was $80,838, while Marin County, just north of San Francisco, topped the list at $81,761.
I live in San Jose, in the heart of Santa Clara county. And I live as if I have that kind of household income — even though I don’t. That’s because one has no choice but to live at that level here, where rents are outrageous and mortgages are worse. And this is why when I finally run out of money and leave Silicon Valley, I’ll most likely end up in the poorest urban center in the nation.
How in the world do so many people afford to live here? Is everyone on the cusp of losing it all like I am? Or do they have more luck at finding work?