By Bianca Wright
Me: So what do you think about Sacramento?
Person from San Francisco: Its nothing up there, its dry and hot, I could never live there. Its nothing to do, like what do you do in Sac?
Lets face it, Sacramento has always had a reputation for being hot, dry and boring. Harsh words, I know but coming from a place where buildings tower over a city that never sleeps and people live on top of each other, its a pretty honest perspective.
According to Tony Merevick of Thrillest.com Sacramento is #5 on the list of "25 Best Cities To Find A Job In 2017" In comparison to some of California's top Tech and Industry driven cities, Sacramento has some catching up to do however the momentum of growth in this city has not gone unnoticed. Sacramento thrives in the Government sector, in fact according to Indeed.com, 25% of Sacramento's employment is made up of jobs within government. This city also holds a record for being the most diverse in California which definitely attracts a different array of businesses from Big Tech(Intel) to top System Management Companies such as Sky Slope. Not to mention all of the hot and dry space here. There is so much room to build! As I mention in my last Blog one of the reasons for lack of inventory right now is a shortage of lots to build on.
Now what does Job growth have to do with anything? One of the biggest things people consider when moving to a great place to live is employment, Sacramento has that on lock :-) Coupled with being one of the most affordable places to live you would definitely find a great balance between home and work life. Unfortunately living in a place such as San Jose for example can be stressful if your not doing exceptionally well. There is a huge gap between the amount of income one makes and the actual cost of living. According to Zillow the average price per SQFT for Sacramento is $227 compared to San Jose which is $580. If you do the math, to purchase a Single Family Home with about 1100 SQFT, in Sac your going to pay roughly $249,700 compare to San Jose you will pay $638,000. These numbers are purely based off an average. In reality your probably going to pay around $800,000 for a home in San Jose and about $330,000 for a home in Sac, considering they are move in ready and comparable to the market.
So far Sacramento still looks great! So what about the "What do you do in Sacramento" factor. Well, with diversity comes a great innovative urban community. Sacramento puts on one of the largest Concerts In The Park in the heart of Downtown with roughly 6000 people in attendance. Not to mention all of the new and very improved restaurants, Clubs & Music venues surrounding the amazing, newly constructed Golden One Center, home of The Kings, which now host some of the biggest names and events in California. Just to top it off, Sacramento has the State Fair every year. SACRAMENTO IS THE CAPITAL!
So next time someone ask you what you think about Sacramento, just say "Sacramento is Great & Growing :-)
Check Out My Market Update For Sacramento!!
Feel free to contact me with any questions about Real Estate! Use me for your source of information :-)
I cover Real Estate Market information, RE Investing, legislation, loans and other stuff :-) My Goal is to bring facts to the table in hopes to open up a dialect among real people. Far to often the topic of Real Estate is perceived to be foreign when in fact it directly affects all of us. So lets talk about something that matters.