- San Jose-Sunnyvale-Santa Clara, California is the most expensive subway area in the United States.
- San Jose is the real capital of Silicon Valley.
- About a quarter of households make over $ 200,000 a year, but that may not be enough to buy a home at average price.
- Meanwhile, an affordable housing shortage has left thousands of working San Jose residents homeless.
Outsiders might consider San Francisco synonymous with Silicon Valley, but locals know that the epicenter of tech culture is San Jose.
Defined by the US census as San Jose-Sunnyvale-Santa Clara, the subway area is the proverbial heart of Silicon Valley – and the most expensive place to live in the United States. Goods and services are about 27% more expensive than the national average in San Jose, and the median home sales price is over $ 1 million.
But San Jose isn’t just an engineer and programmer who is flush with cash (or stock options). A serious shortage of affordable housing has left teachers, landscapers, security guards and thousands of minimum wage workers virtually homeless.
Here’s a look at San Jose: