America's Growth Cities
San Diego, California
Growth, Jobs and Lifestyle
If year-round beach weather coupled with a well-paying job or entrepreneurial opportunity is on an emigrating EB-5 investor’s wish list, San Diego, California should certainly be checked out. January or June, daytime temperatures are mid-60s to mid-70s, with just a 10-inch average annual rainfall on the Pacific coast city. The combination is apparently stimulating for business. The San Diego Innovation Report said that 477 startup companies came to life there last year, up from 405 the year before, indicating a healthy job and venture capital climate.
Software companies topped the list with 280 new firms. Biotechnology followed with 95 startups, and 63 new computer/electronics firms came into being. Aerospace/marine technology, recreation/sports equipment and environmental technology rounded out the new players.
In 2016, San Diego’s overall tech economy included 6,630 companies that directly employed more than 150,000 people. That’s up from 135,000 in 2015, according to the Innovation Report. The average tech job paid an annual salary of $110,700.
One of the best things about the San Diego lifestyle is that so much of it can be lived outdoors, 24/7 every week of the year. Whether it’s a walk on warm beach sand or through Balboa Park with its renowned San Diego Zoo or a safari taken to photograph lions and gazelles in natural habitat at Safari Park, there’s always something fresh in the fresh air to do. For thoroughbred racing fans, Del Mar Racetrack on the coast just north of the city is where “turf meets the surf”. The intrepid Padres baseball team can be cheered at downtown’s Petco Park where entire seasons pass without a rainout.
There is a military presence that is a congenial part of San Diego life, with the Marine’s Camp Pendleton and Miramar Air Base nearby, and the Coronado Naval Base even closer. The city’s deep harbor is home to a large active naval fleet, with the retired aircraft carrier Midway docked there as a museum for visitors to board.
For schools, the best in San Diego County are in the suburb of Encinitas, an upscale community nestled on bluffs overlooking the Pacific 25 miles north of the city. It has the expected Mediterranean climate, beautiful homes, and two public high schools that are on the state of California top ten list as ranked by Niche: Canyon Crest Academy is #2 out of 1,150 and Torrey Pines High School is #10. Graduates of both schools are true Californians, overwhelmingly making their colleges of choice the University of California Berkeley, UC Santa Barbara, and UCLA. On weekends, students from both schools gather for volleyball on the town’s Moonlight Beach, and ride the famous surf breakSwamis.
As the city rightfully says of itself, “From our spectacular coast to scenic communities to scientific innovations, new opportunities start in San Diego every day.”
Live In America EB-5 would be pleased to work with EB-5 investors in exploring those opportunities and the San Diego lifestyle that goes with them.
Zillow lists the median price for a home in San Diego at $625,759. The median price in the suburb of Encinitas is $1,011,160.