Silicon Valley

Welcome to Silicon Valley

Silicon Valley is a region in the southern part of the San Francisco Bay Area in Northern California that serves as a global center for high technology, innovation, venture capital, and social media. It corresponds roughly to the geographical Santa Clara Valley. San Jose is Silicon Valley's largest city, the third-largest in California, and the tenth-largest in the United States; other major Silicon Valley cities include Sunnyvale, Santa Clara, Redwood City, Mountain View, Palo Alto, Menlo Park, and Cupertino.

The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zurich, Switzerland and Oslo, Norway), according to the Brookings Institution.

​​​​​​​Silicon Valley has a severe housing shortage, caused by the market imbalance between jobs created and housing units built: from 2010 to 2015, many more jobs have been created than housing units built. This shortage has driven home prices extremely high, far out of the range of production workers. Median home sale prices in Silicon Valley skyrocketed in 2018, reaching nearly $1.2 million.The Financial Post called Silicon Valley the most expensive U.S. housing region. Homelessness is a problem with housing beyond the reach of middle-income residents; there is little shelter space other than in San Jose which, as of 2015, was making an effort to develop shelters by renovating old hotels. San Jose is just 30 minutes to Santa Cruz and other beaches. Silicon Valley offers ample amount of outdoor fine dining and outdoor activities, many shopping centers and entertainment as well as nightlife.