SFCED | San Francisco Center for Economic Development


It’s Boom Time in San Francisco: Population, Jobs are Growing

Despite its high cost of living and an occasional street protest, people are moving to San Francisco in growing numbers.

The City by the Bay grew during the last U.S. recession. And population and job growth have accelerated since the economic recovery began in 2010, the latest government data shows.

The city added 15,000 new residents between 2007 and 2011, according to the U.S. Census Bureau, even as the financial crisis was shredding home prices.

Once the U.S. economy began growing again between 2010 and 2012, San Francisco added another 20,000 residents and is now home to 825,000 people.

One draw may be the live-and-let-live attitude that permeates the city’s culturally-diverse neighborhoods. But booming job growth hasn’t hurt.

The city that fiscal conservatives often deride for its relatively generous social-service spending and high minimum wage has been a model of job creation since the recession ended in 2009.

San Francisco added 26,700 jobs last year, according to the city’s own economic statistics.

Read more: The Journal News / Lohud.com It’s boom time in San Francisco: Population, jobs are growing