Orange County is a hub of modern technology, and filled with thriving attractions. World-famous beaches, surfing destinations, celebrities, many Fortune 500 companies, and over 3 million people in 34 incorporated cities keep Orange County thriving.
Disneyland, in Anaheim, generates an estimated $8.5 billion in economic activity. Job growth in the region, attributed to Disneyland, has grown at 7.2% yearly; the region’s average job growth otherwise is 2.3%.
Anaheim, CA was originally set up by German immigrants in 1857. For over 25 years it was the largest wine producing city in California.
Newport and Laguna beaches are world-famous not only for the pristine beach, but for the art, shopping, and wineries. Farther North, Huntington Beach, known as “Surf City,” is the location for the US Open of Surfing as well as other major surf competitions.
The city of Irvine is a completely planned city with over 100 global corporations. It is one of California’s fastest growing cities and a hub for technology.
Professional, scientific, management, administrative, and wast management make up the highest employing industries.
In 2017 the median property value in Orange County was $679,400; this is 3.12 times the national average of $217,600. Homeownership, however, is less than the national average of 63.9%, at 57.4%.
Cost of living in Orange County is 87% higher than the national average.
Orange County remains one of the top locations for growth of technology-based employment, with higher than the national average of employees in 15 of 19 tech industries. It is the 2nd most diverse high-tech economy in the country.
Venture capital funding businesses continues to grow, with over 17% growth shown in the last ten years.
With home prices climbing, the average minimum income needed to afford a first home is approximately $102,000. The number of first-time home buyers has fallen roughly 40% in the last ten years.
Orange county is the most expensive apartment rental market in Southern California. The average cost for a one bedroom apartment is $1,436, two bedroom $1,876, and three bedroom $2,531.