Placer County Economic and Demographic Profile 2006
Total Page:16
File Type:pdf, Size:1020Kb
PLACER COUNTY ECONOMIC AND DEMOGRAPHIC PROFILE 2006 Placer County, California PLACER COUNTY ECONOMIC AND DEMOGRAPHIC PROFILE 2006 PLACER COUNTY, CALIFORNIA Prepared for County of Placer Office of Economic Development 175 Fulweiler Avenue Auburn, CA 95603-4543 530/889-4016 FAX 530/889-4095 Prepared by Sacramento Regional Research Institute, A Joint Venture of SACTO and Sacramento State 400 Capitol Mall, Suite 2500 Sacramento, CA 95814-4436 916/491-0444 FAX 916/441-2312 January 2006, Sacramento Regional Research Institute, SACTO-Sacramento State. All rights reserved. No part of this publication may be reproduced in any form, by any means, without written permission of the publisher. Placer County Economic and Demographic Profile 2006 Funded by: County of Placer Office of Economic Development Produced by: Sacramento Regional Research Institute A Joint Venture of SACTO and Sacramento State Ryan Sharp, Director Helen Schaubmayer, Deputy Director Jesse Catlin, Research Analyst Brian Rockwell, Research Analyst Josh Kawaii-Bogue, Research Analyst Sacramento Regional Research Institute ii FOREWORD Foreword Placer County, one of California’s fastest growing counties and a key component of the Sacramento Region’s economy, offers many attractive features to business and residents including strong economic and demographic growth, a healthy business climate, developed infrastructure, and excellent quality of life. The County has benefited from expansions in its transportation infrastructure and the location of prominent businesses such as Hewlett Packard, Oracle, and Ace Hardware. One of the County’s most noted gems, the Sierra Nevada Mountains, home of the 1960 Winter Olympics, provides abundant recreational opportunities to its residents and visitors from around the world. All of these aspects have made Placer County a desirable location to live, work, and play. The Placer County Economic and Demographic Profile 2006 covers a number of topics including demographics, business climate, quality of life, education, real estate, and infrastructure. In most cases the most recent data is provided for Placer County and its incorporated cities along with historical information and projections. Comparison to the Sacramento Region (El Dorado, Placer, Sacramento, Sutter, Yolo, and Yuba Counties), Bay Area (Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara Counties), and California are also made throughout the report. The Profile was prepared for the Placer County Office of Economic Development by the Sacramento Regional Research Institute (SRRI), a joint venture of the Sacramento Area Commerce and Trade Organization (SACTO) and Sacramento State. Sacramento Regional Research Institute iii TABLE OF CONTENTS Page FOREWORD................................................................................................. iii TABLE OF CONTENTS ............................................................................. iv LIST OF FIGURES ...................................................................................... v INTRODUCTION......................................................................................... 1 DEMOGRAPHICS ....................................................................................... 4 Population .............................................................................................. 4 Migration................................................................................................ 7 Age......................................................................................................... 9 Ethnicity ................................................................................................. 12 Housing Units......................................................................................... 16 Income.................................................................................................... 18 EDUCATION................................................................................................ 20 Primary and Secondary Education ......................................................... 20 Educational Attainment.......................................................................... 24 Higher Education.................................................................................... 26 Community Colleges.............................................................................. 30 Public Universities ................................................................................. 31 Private Schools....................................................................................... 34 Technical Schools and Vocational Training........................................... 35 BUSINESS CLIMATE ................................................................................. 36 Industry Overview.................................................................................. 36 Labor Force............................................................................................ 50 Wages..................................................................................................... 52 Major Employers.................................................................................... 53 Recent Located Companies in Placer County ........................................ 54 Taxable Sales.......................................................................................... 55 Banking and Finance.............................................................................. 58 Workforce Development and Training Programs................................... 59 Economic Development and Business Resources .................................. 62 REAL ESTATE............................................................................................. 66 Commercial Real Estate ......................................................................... 66 Residential Real Estate........................................................................... 73 INFRASTRUCTURE.................................................................................... 78 Transportation ........................................................................................ 78 Utilities................................................................................................... 87 QUALITY OF LIFE...................................................................................... 93 Climate ................................................................................................... 93 Ground Stability ..................................................................................... 94 Personal Safety....................................................................................... 94 Health Services....................................................................................... 95 Accommodations.................................................................................... 97 Recreational Activities ........................................................................... 98 Community Events, Cultural Activities, Places of Historical Interest, and Other Entertainment .......................... 102 Tourism Resources................................................................................. 105 DIRECTORY ................................................................................................ 107 Sacramento Regional Research Institute iv LIST OF FIGURES Page Figure 1: Placer County Map – The Valley, The Gold Country and The High Country............................................................................ 1 Figure 2: Population ...................................................................................... 4 Figure 3: 1995-2005 and 2000-2005 Population Growth Rates .................... 5 Figure 4: Population Projections ................................................................... 5 Figure 5: Population in Placer County Places ............................................... 6 Figure 6: Daytime Population in 2000 .......................................................... 7 Figure 7: Population Density per Square Mile .............................................. 7 Figure 8: Total Net Migration and Percent of Population Growth Due to Migration ................................................................................... 8 Figure 9: Placer County Age Composition in 2004....................................... 9 Figure 10: Annual Age Composition and Composition Shift........................ 10 Figure 11: Annual Population by Age and Percent Growth .......................... 11 Figure 12: Ethnic Composition in Placer County in 2004............................. 12 Figure 13: Annual Ethnicity Composition and Composition Shift................ 13 Figure 14: Annual Population by Ethnicity and Percent Growth .................. 15 Figure 15: Number and Type of Housing Units ............................................ 17 Figure 16: Per Capita Personal Income ......................................................... 18 Figure 17: Per Capita Personal Income Projections ...................................... 18 Figure 18: Median Household Income in 1990 and 2000.............................. 19 Figure 19: School Types in Placer County in the 2004-2005 School Year............................................................................................ 21 Figure 20: Total K-12 School Enrollment..................................................... 22 Figure 21: High School Graduation Rates....................................................