California ranks as 2nd best economy in U.S.

California population is pushing 40 million people with Sacramento growing at a rapid rate, nearly 1.5% in 2016. Megan Telles and Walt Gray break down how this is causing a rent hike issue to those who've called the region home for years.

California became the sixth largest economy in the world last year and also pulls a lot of weight within the U.S. 

The Golden State has the second best economy in the country, topped only by Washington state, according to WalletHub.com.

California came in at number two for best economic activity, which are factors such as GDP growth, startup activity and number of fastest-growing firms. The state also ranked second in innovation potential in elements including number of high-tech industries, number of job STEM professionals and entrepreneurial activity.

Source: WalletHub

It's no surprise California ranked high in number of high-tech jobs and startup activities since it's the home of Silicon Valley and other upcoming tech-cities such as Sacramento. 

However, the state ranked no. 26 when it came to economic health, which are factors such as unemployment rates, number of people lacking health insurance and the number of people living below the poverty level.

Alaska and North Dakota ranked at the bottom of the list.

© 2017 KXTV-TV


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment