3 Sacramento Suburbs are “Bright Spots” in California’s Economy

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Housing Prices Spike in Sacramento

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SACRAMENTO-

California still outpaces the national unemployment rate, but there are some bright spots; including Folsom and Elk Grove, according to a new study.

The online financial site NerdWallet took a look at California cities with more than 40,000 people, and assessed whether they were growing, if residents could afford to live there comfortably and the area’s unemployment rate.

In the top ten, three are in the Sacramento area.

Folsom ranked #2 in the study. NerdWallet researchers cited the city’s low unemployment rate and low monthly homeowner costs. They also pointed to Intel’s research and development facility while employs about 7,000 people, among other big-name employers.

Elk Grove was hit hard by the housing crisis a few years ago, but appears to be bouncing back. They rank #6 on the list. This suburb on Sacramento’s south side has big employers like Apple and Kaiser Permanente. Although it has a higher unemployment rate, the cost of living is relatively low.

Rocklin sneaked in at #8 on the list, boasting a low unemployment rate and a few big employers, including Oracle.

To see the whole list, click here.

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