By Robert Haugh
In a recent study by SmartAsset, Santa Clara ranks as the best of the largest U.S. cities when it comes to jobs.
SmartAsset is a consumer-focused financial information website.
Here are the key findings for the Mission City:
- Income Growth: Santa Clara experienced a remarkable 53.4% increase in workers’ wages over the past three years, the highest among all cities evaluated.
- Median Earnings: The average income for individual workers in Santa Clara is $100,182, the highest in the study.
- Unemployment Rate: The city’s unemployment rate stands at 4.8%, which is around the average compared to other cities in the study.
- Housing Costs: Average monthly housing payments are $2,851, which constitutes 34.1% of the average income. This is more affordable than the median of 40.2% observed in the study.
- Commute Time: Workers in Santa Clara have an average commute time of 20.9 minutes.
- Remote Work: About 26.6% of Santa Clara’s workforce is working remotely.
- Health Insurance: A high percentage (88.6%) of employed residents have health insurance through their employers.
The study analyzed 344 cities with populations of 100,000 or greater, using data from the U.S. Census Bureau’s 2022 American Community Survey.
Here’s a chart of Smart Asset’s top 15 cities:
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