January 21, 2014 > Takes from Silicon Valley East Column: Looking for a Job? Head over to Fremont, the No. 10 City for Job Seekers in California
Takes from Silicon Valley East Column: Looking for a Job? Head over to Fremont, the No. 10 City for Job Seekers in California
By Christina Briggs, Economic Development Manager
If youÕre on the hunt for a new job, Fremont is the place to start looking.
According to a recent study conducted by a consumer advocacy website called NerdWallet, the City of Fremont came in as the no. 10 top city in California for job seekers.
So, what exactly makes Fremont an ideal spot for job hunters?
NerdWallet took into account three different factors:
1. Is the city growing? They assessed growth in the working-age population, ages 16 and older, from 2009 to 2012 to ensure that the city was attracting workers and showing population growth. They only included cities with populations of 40,000 or more.
2. Can you afford to live in the city comfortably? They looked at a cityÕs median household income to see if workers made a good living. They also analyzed the monthly homeowner costs, including mortgage payments, to see if the city had a reasonable cost of living.
3. Are most people employed? NerdWallet examined how the cityÕs unemployment rate compared to other cities in California.
ThereÕs no doubt that Fremont is on a steady path of growth. The City is home to powerhouse companies like Tesla Motors and Seagate. Plus, the City was recently named the nationÕs best market for home sellers by Movato Real Estate. After all, Fremont homes only stay on the market an average of 25 days before high bidders scoop them up. FremontÕs upward trajectory was echoed by Silicon Valley Business Journal economic development reporter Lauren Hepler, who listed us as one of 5 Silicon Valley Cities to Watch and top 5 Silicon Valley Cities for job seekers in 2014.
Additionally, the City is preparing to open the new Warm Springs/South Fremont BART station in 2015, laying the foundation for a new business hub that is anticipated to bring 20,000 new jobs by 2040. Fremont is definitely redefining the geographic area of Silicon Valley. Talk about a wealth of opportunities!
Fremont also has a high median income in relation to the average monthly homeowner expenses, so residents can afford to spend their money enjoying the cityÕs new downtown, which will include apartments, shops, sidewalk cafes, new landscaping, as well as the Gateway Plaza shopping centers.
Clearly, Fremont is the place to be.
If youÕd like to take a look at the full results of the study, please visit http://www.nerdwallet.com/blog/2014/best-cities-job-seekers-california/.