Silicon Valley

• 3 international airports nearby

  • Employing over 6 million people in primarily the tech industry
• Median income


  $112,500 whereas the rest of the US is $55775
• University


  Feeding skilled workers to the companies which are based there
• 2007-2014


  • 11% job growth
• High tax revenue collected by local government


  • Due to high economic activity
• Median house price

  Above $1 million - income disparity
• Average house price

  £1.1 million
• Social challenges


  • Lack of affordable housing
  • No rent control
• Not enough housing to meet demand, in 2015 64,000 new jobs were created by only 5000 new homes were added
• Housing is unaffordable for low-income workers
• Improvement to challenges


  1. Government gives grants of up to $10,000 per year

  2. Government bill passed that mandated a certain percentage of affordable housing