Orange County leads the Southern California region in wage growth, according to a new report from JLL. The report also shows that Orange County has the highest median income in the region and the lowest unemployment rate. Median income in Orange County is $88,453 with a 2.5% unemployment rate.

“Orange County has historically been a residence of high-income individuals and median income tends to be above many counties across the nation,” Paulina Torres, research analyst at JLL, tells GlobeSt.com. “The local market was hit hard by the last recession given that financial services, specifically mortgage companies, were concentrated here, but industries like life sciences and tech have not only helped diversify the local economy but have also help create many high paying jobs that were lost in the recession. In the local market, we have a ton of occupations that are not only for recent college grads, but many also require advanced degrees as well.”

The job market in Orange County is diversified, with life and science industries helping to boost income levels and attracting educated professionals with high earning potential. “In recent years, life sciences and tech industries have helped maintain median income at a constant high level as they have experienced significant growth in the county and have thus, attracted high income-earning individuals,” Torres says. “In the past five years, professional and business services and education and health services have contributed most to OC job gains. Overall, total OC employment has increased by 21% since 2010, adding a total of 286,700 employed individuals to the local economy. As of October 2019, Orange County’s total nonfarm employment is 1,682,800, one of the highest in the nation.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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