Editing San Diego (section)

==Economy==
{{Main|Economy of San Diego}}
[[File:FA18CHornetOverSanDiegoNov08.jpg|thumb|right|An [[McDonnell Douglas F/A-18 Hornet|F/A-18 Hornet]] flying over San Diego. The city serves as a major hub for the [[defense industry]] and [[U.S. military]].]]
[[File:OneAmericaPlazaSDSept10.jpg|thumb|right|[[One America Plaza]] is the [[List of tallest buildings in San Diego|tallest building in San Diego]].]]
The largest sectors of San Diego's economy are [[Defense industry|defense/military]], [[tourism]], [[international trade]], and [[Research and development|research]]/[[manufacturing]].<ref>{{cite web|url=http://www.sandiego.gov/economic-development/sandiego/economy.shtml |title=City of San Diego website: Economic Development |publisher=Sandiego.gov |access-date=April 11, 2011 |archive-url=https://web.archive.org/web/20110506001856/http://www.sandiego.gov/economic-development/sandiego/economy.shtml |archive-date=May 6, 2011 }}</ref><ref name="TribuneEconomySectors">{{cite news|last=Powell|first=Ronald W.|url=http://www.signonsandiego.com/news/business/20071017-9999-1b17tourism.html|title=Tourism district OK'd by council|newspaper=[[San Diego Union-Tribune]]|date=October 17, 2007|access-date=April 22, 2009}}</ref> 
San Diego recorded a [[median household income]] of $79,646 in 2018, an increase of 3.89% from $76,662 in 2017.<ref name="datausa">[https://datausa.io/profile/geo/san-diego-ca/ San Diego] ''DataUSA''</ref> The median property value in San Diego in 2018 was $654,700,<ref name="datausa" /> and the average home has two cars per household.<ref name="datausa" />

===Top employers===
{{See also|List of companies headquartered in San Diego}}

According to the city's 2024 Annual Comprehensive Financial Report,<ref name="acfr">[https://www.sandiego.gov/sites/default/files/2024-12/acfr-2024.pdf City of San Diego, California Annual Comprehensive Financial Report, Year ended June 30, 2021], page 297</ref> the top employers in the city are:

{| class="wikitable sortable"
|-
! Employer
! {{Abbr|No.|Number}} of Employees
|-
|[[Naval Base San Diego]]
|40,472
|-
|[[University of California, San Diego]]
|39,688
|-
|[[Sharp HealthCare]]
|20,139
|-
|[[Government of San Diego County, California|County of San Diego]]
|18,936
|-
|[[San Diego Unified School District]]
|17,226
|-
|[[Scripps Health]]
|14,732
|-
|City of San Diego
|13,408
|-
|[[Qualcomm]]
|10,124
|-
|[[Kaiser Permanente]]
|7,687
|-
|[[Northrop Grumman]]
|6,639
|}

===Defense and military===
[[File:An MH-60R Sea Hawk helicopter flies over San Diego. (24546100368) (cropped).jpg|thumb|left|View of [[Naval Base San Diego]]]]
The economy of San Diego is influenced by [[Port of San Diego|its deepwater port]], which includes the only major submarine and shipbuilding yards on the [[West Coast of the United States|West Coast]].<ref>{{cite news |title=Full steam ahead for Nassco shipyard in San Diego |author=Ronald D. White |url=https://www.latimes.com/business/la-xpm-2011-jul-03-la-fi-made-in-california-shipyard-20110703-story.html |newspaper=Los Angeles Times |date=July 3, 2011 |access-date=September 1, 2012}}</ref> Several major national [[defense contractor]]s were started and are headquartered in San Diego, including [[General Atomics]], [[Cubic Corporation|Cubic]], and [[National Steel and Shipbuilding Company|NASSCO]].<ref>{{cite news |title=S.D. companies dominate defense industry rankings |url=http://www.utsandiego.com/news/2010/aug/11/8-san-diego-defense-contractors-get-high-ranking/ |newspaper=San Diego Union Tribune |date=August 11, 2010 |access-date=September 1, 2012}}</ref><ref>{{cite web|url=http://www.visitsandiego.com/resources/CPW12/2-SanDiego.pdf |title=San Diego |work=San Diego Convention Center Corporation |publisher=City of San Diego |access-date=September 1, 2012 |quote=Several major defense contractors are also headquartered in San Diego, including General Atomics, Cubic and NASSCO. |archive-url=https://web.archive.org/web/20120505182218/http://www.visitsandiego.com/resources/CPW12/2-SanDiego.pdf |archive-date=May 5, 2012 }}</ref>

San Diego hosts the largest naval fleet in the world:<ref>{{cite web |url=http://sccoos.ucsd.edu/docs/FY11-16_IOOS_Proposal_web.pdf |title=Submitted in response to Federal Funding Opportunity: FY 2011 Implementation of the U.S. Integrated Ocean Observing System (IOOS) |author=Eric Terrill |author2=Julia Thomas, Anne Footer |work=Southern California Coastal Ocean Observing System |publisher=[[University of California, San Diego]] |access-date=April 21, 2011 |archive-url=https://web.archive.org/web/20110826191339/http://sccoos.ucsd.edu/docs/FY11-16_IOOS_Proposal_web.pdf |archive-date=August 26, 2011 }}</ref> In 2008 it was home to 53 ships, over 120 tenant commands, and more than 35,000 sailors, marines, [[United States Department of Defense|Department of Defense]] civilian employees and contractors.<ref name=Navy.mil /> About 5 percent of all civilian jobs in the county are military-related, and 15,000 businesses in San Diego County rely on Department of Defense contracts.<ref name=Navy.mil>{{cite web|title=Naval Base San Diego Thanks Navy League for Support|url=http://www.navy.mil/search/display.asp?story_id=38356|publisher=U.S. Department of the Navy|access-date=April 7, 2011|archive-date=June 24, 2011|archive-url=https://web.archive.org/web/20110624020835/http://www.navy.mil/search/display.asp?story_id=38356}}</ref>
[[File:Defense.gov photo essay 100813-D-7203C-008 (cropped).jpg|thumb|right|[[Marine Corps Recruit Depot San Diego|Marine Corps Recruit Depot]]]]
Military bases in San Diego include [[US Navy]] facilities, [[USMC|Marine Corps]] bases, and [[United States Coast Guard|Coast Guard]] stations.
The city is "home to the majority of the U.S. Pacific Fleet's surface combatants, all of the Navy's West Coast amphibious ships and a variety of Coast Guard and Military Sealift Command vessels".<ref name=Navy.mil /><ref>{{cite news |title=San Diego companies lead state in '11 defense contracts |author=Tierney Plumb |url=http://www.sddt.com/News/article.cfm?SourceCode=20120824czf |newspaper=San Diego Daily Transcript |date=August 24, 2012 |access-date=September 1, 2012 |quote=San Diego houses the largest concentration of military in the world; it is the homeport to more than 60 percent of the ships of the U.S. Pacific Fleet and more than one-third of the combat power of the U.S. Marine Corps. }}</ref>

The military infrastructure in San Diego is still growing and developing, with numerous military personnel stationed there, numbers of which are expected to rise. This plays a significant role in the city's economy, {{As of|2020|lc=y}}, it provides roughly 25% of the GDP and provides 23% of the total jobs in San Diego.<ref>{{Cite news|url=https://www.sandiegouniontribune.com/news/military/story/2019-10-10/u-s-military-economic-footprint-in-san-diego-is-growing-new-report-says|title=U.S. military economic footprint in San Diego is growing, new report says|date=October 10, 2019|newspaper=[[San Diego Union-Tribune]]|access-date=February 25, 2021}}</ref><ref>{{cite web|url=https://www.cnic.navy.mil/Regions/cnrsw/installations/navbase_san_diego/|title=Welcome to Naval Base San Diego|website=Cnic.navy.mil|access-date=February 25, 2021}}</ref><ref>{{cite web|url=https://www.sdmac.org/media/uploads/meir-web.pdf|title=2020 San Diego Military Economic Impact Report|website=Sdmac.org|access-date=February 25, 2021|archive-date=March 12, 2021|archive-url=https://web.archive.org/web/20210312012524/https://www.sdmac.org/media/uploads/meir-web.pdf|url-status=dead}}</ref>

===Tourism===
[[File:Balboa Park, San Diego, CA, USA - panoramio (224).jpg|thumb|left|[[Casa de Balboa]] at [[Balboa Park (San Diego)|Balboa Park]] is home to the [[San Diego History Center]].]]
Tourism is a major industry owing to the city's climate, [[Beaches in San Diego, California|beaches]],<ref>{{cite news|last=Calvert|first=Kyla|title=Arizona Visitors Still Flocking To San Diego Beaches|publisher=KPBS|location=San Diego, CA|date=July 15, 2010|url=https://www.kpbs.org/news/2010/jul/15/arizone-visitors-still-flocking-san-diego-beaches/|access-date=May 28, 2021}}</ref> and tourist attractions such as [[Balboa Park (San Diego)|Balboa Park]], [[Belmont Park (San Diego)|Belmont Park]], [[San Diego Zoo]], [[San Diego Zoo Safari Park]], and [[SeaWorld San Diego]]. San Diego's Spanish and Mexican heritage is reflected in many historic sites across the city, such as [[Mission San Diego de Alcalá]] and [[Old Town San Diego State Historic Park]]. Also, the [[Beer in San Diego County, California|local craft brewing industry]] attracts an increasing number of visitors<ref>{{cite news|url=https://www.nytimes.com/2012/05/27/travel/san-diegos-thriving-craft-beer-scene.html?pagewanted=all&_r=0|title=Beyond San Diego's Surf and Sun: Suds|last=Dickerman|first=Sara|date=May 25, 2012|work=The New York Times|access-date=May 30, 2012}}</ref> for "beer tours" and the annual San Diego Beer Week in November;<ref>{{cite news|url=http://thefullpint.com/beer-news/san-diego-kicks-off-first-ever-beer-week/|title=San Diego Kicks Off First-Ever Beer Week|date=August 17, 2009|work=The Full Pint|access-date=May 30, 2012}}</ref> San Diego has been called "America's Craft Beer Capital".<ref>{{cite book|last=Glassman|first=Bruce|title=San Diego's Top Brewers: Inside America's Craft Beer Capital|publisher=Chef's Press|isbn=978-0981622231|date=March 30, 2014}}</ref>

San Diego County hosted more than 32&nbsp;million visitors in 2012; collectively they spent an estimated $8&nbsp;billion. The visitor industry provides employment for more than 160,000 people.<ref name="sandiego.org">{{cite web|title=San Diego Tourism Industry Research|year=2012|url=http://www.sandiego.org/shared/file.download.php?id=394|publisher=San Diego Tourism Authority|access-date=July 16, 2013|archive-url=https://web.archive.org/web/20161221093643/https://www.sandiego.org/shared/file.download.php?id=394|archive-date=December 21, 2016}}</ref>

San Diego's cruise ship industry used to be the second-largest in California. Numerous cruise lines operate out of San Diego. However, cruise ship business has been in decline since 2008, when the Port hosted over 250 ship calls and more than 900,000 passengers. By 2016–2017, the number of ship calls had fallen to 90.<ref name="MexicanRivieraLikelyEnd">{{cite news | url=http://www.sandiegouniontribune.com/business/tourism/sd-fi-top-ports-20170809-story. | title=Is San Diego cruise business making a comeback? | newspaper=San Diego Union-Tribune | author=Lori Weisberg | date=August 10, 2017 | access-date=December 21, 2017 }}{{dead link|date=March 2018 |bot=Artix Kreiger 2 |fix-attempted=yes }}</ref>

Local sightseeing cruises are offered in San Diego Bay and Mission Bay, as well as whale-watching cruises to observe the migration of [[gray whale]]s, peaking in mid-January.<ref name="InTheCitySanDiego.com">{{cite web|title=Whale Watching in San Diego |date=2011–2012 |url=http://www.inthecitysandiego.com/whale-watching-in-san-diego.html |publisher=InTheCity-SanDiego Tourism |access-date=February 19, 2012 |archive-url=https://web.archive.org/web/20120207005402/http://www.inthecitysandiego.com/whale-watching-in-san-diego.html |archive-date=February 7, 2012 }}</ref> [[Sport fishing]] is another popular tourist attraction; San Diego is home to southern California's biggest sport fishing fleet.<ref>{{cite news|url=http://www.sandiegouniontribune.com/news/2015/sep/03/sport-fishing-san-diego/|title=The big hook-up: Sportfishing's superb season|last=Sisson|first=Paul|date=September 3, 2015|work=San Diego Union-Tribune|access-date=September 8, 2015|archive-date=September 19, 2015|archive-url=https://web.archive.org/web/20150919130049/http://www.sandiegouniontribune.com/news/2015/sep/03/sport-fishing-san-diego/|url-status=dead}}</ref>

===International trade===
[[File:Cruise Ships Visit Port of San Diego 005 (cropped).jpg|thumb|right|The [[Port of San Diego]] is the third-busiest port in [[California]].]]
San Diego's commercial port and its location on the [[United States–Mexico border]] make international trade an important factor in the city's economy. The city is authorized by the United States government to operate as a [[foreign-trade zone]].<ref>{{cite web |url=http://www.sandiego.gov/economic-development/sandiego/trade/tradezone.shtml |title=City of San Diego:Foreign Trade Zone |access-date=April 28, 2011 |archive-date=May 2, 2011 |archive-url=https://web.archive.org/web/20110502060753/http://www.sandiego.gov/economic-development/sandiego/trade/tradezone.shtml |url-status=dead }}</ref>

The city shares a {{convert|15|mi|km|adj=on}} border with Mexico that includes two border crossings. San Diego hosts the busiest international border crossing in the world, in the San Ysidro neighborhood at the [[San Ysidro Land Port of Entry Expansion Project|San Ysidro Port of Entry]].<ref>{{cite news |title=Number of border crossings stabilizes |url=http://www.signonsandiego.com/news/2010/jul/11/number-of-border-crossings-stabilizes/ |newspaper=San Diego Union-Tribune |date=July 11, 2010 |access-date=April 28, 2011}}</ref> A second, primarily commercial border crossing operates in the [[Otay Mesa, San Diego|Otay Mesa]] area; it is the largest commercial crossing on the California–[[Baja California]] border and handles the third-highest volume of trucks and dollar value of trade among all United States-Mexico land crossings.<ref>{{cite web |url=http://sandiegohealth.org/sandag/publicationid_853_1782.pdf |title=SANDAG: Otay Mesa Port of Entry Southbound Truck Route Improvements |publisher=sandiegohealth.org |access-date=April 28, 2011}}</ref>
[[File:San Ysidro Border Traffic (8653120372) (cropped).jpg|thumb|left|[[San Ysidro Port of Entry]] is the [[Border checkpoint#Busiest checkpoints in the world|4th-busiest border crossing in the world]].]]
The [[Port of San Diego]] is the third-busiest port in California and one of the busiest on the [[West Coast of the United States|West Coast]]. One of the Port of San Diego's two [[cargo]] facilities is located in [[downtown San Diego]] at the Tenth Avenue Marine Terminal. This terminal has facilities for [[Shipping container|containers]], [[bulk cargo]], and [[refrigerated]] and frozen storage, so that it can handle the import and export of many commodities.<ref>{{cite web |url=http://www.portofsandiego.org/maritime/tenth-avenue-terminal.html |title=Port of San Diego:10th Avenue Marine Terminal |access-date=April 28, 2011 |archive-url=https://web.archive.org/web/20110505013601/http://www.portofsandiego.org/maritime/tenth-avenue-terminal.html |archive-date=May 5, 2011 }}</ref> In 2009 the Port of San Diego handled 1,137,054 short tons of total trade; foreign trade accounted for 956,637 short tons while domestic trade amounted to 180,417 short tons.<ref>{{cite news |title=National ranking of California ports by cargo volume |url=http://www.sddt.com/news/article.cfm?SourceCode=20110321czc |newspaper=San Diego Daily Transcript |date=March 21, 2011 |access-date=April 28, 2011}}</ref>

Historically tuna fishing and canning was one of San Diego's major industries,<ref>{{cite web|url=http://www.sandiegohistory.org/tuna|title=Tuna! Celebrating San Diego's Famous Fishing Industry|work=San Diego History Center|access-date=September 1, 2012}}</ref> although the American tuna fishing fleet is no longer based in San Diego. Seafood company [[Bumble Bee Foods]] is headquartered in San Diego, as was [[Chicken of the Sea]] until 2018.<ref>{{cite news |title=Bumble Bee may buzz downtown: The tuna company considers high-profile move from Kearny Mesa |author=Roger Showley |url=http://m.utsandiego.com/news/2013/jan/29/bumblebee-downtown-headquarters/ |newspaper=San Diego Union Tribune |date=January 29, 2013 |access-date=February 3, 2013 |archive-date=July 24, 2013 |archive-url=https://web.archive.org/web/20130724070322/http://m.utsandiego.com/news/2013/jan/29/bumblebee-downtown-headquarters/ }}</ref><ref>{{cite news |title=Chicken of the Sea Moves North American HQ from S.D. to El Segundo |url=https://www.sdbj.com/news/2018/may/03/chicken-sea-moves-north-american-hq-sd-el-segundo/ |newspaper=San Diego Business Journal |date=May 3, 2018 |access-date=September 7, 2021}}</ref>

===Companies===
[[File:AT&TBuildingSanDiegoApr09.jpg|thumb|upright|The [[AT&T Building (San Diego)|AT&T Building]]]]
San Diego hosts several major producers of wireless cellular technology. [[Qualcomm]] was founded and is headquartered in San Diego, and is one of the largest private-sector employers in San Diego.<ref name="SDLargeEmployers">{{cite news|title=City Of San Diego Largest Employers|publisher=San Diego Daily Transcript|url=http://www.sddt.com/Databases/BusinessListings/ListCompanies.cfm?BusinessCategory_ID=140|access-date=April 22, 2009}}</ref> Other wireless industry manufacturers headquartered here include [[Nokia]], [[LG Electronics]],<ref>{{cite news|author=Glazer, Joyce |title=San Diego-based LG Mobile Phones donated $250,000 to the VH1 Save the Music Foundation |date=October 6, 2008 |publisher=Entrepreneur Media |url=http://www.entrepreneur.com/tradejournals/article/188738547.html |access-date=March 18, 2011 |archive-url=https://web.archive.org/20130724024941/http://www.entrepreneur.com/tradejournals/article/188738547.html |archive-date=July 24, 2013 }}{{dead link|date=March 2016|reason=failed bot fix, 8/27/15}}{{cbignore}}</ref> [[Kyocera International]],<ref>{{cite news|author=Desjardins, Doug |date=January 11, 2010 |title=Kyocera International to Get New Leader |url=http://www.sdbj.com/news/2010/jan/11/kyocera-international-get-new-leader/ |newspaper=San Diego Business Journal |access-date=March 20, 2011 |archive-url=https://web.archive.org/20110727002955/http://www.sdbj.com/news/2010/jan/11/kyocera-international-get-new-leader/ |archive-date=July 27, 2011 }}{{dead link|date=March 2016|reason=failed bot fix, 8/27/15}}{{cbignore}}</ref> [[Cricket Communications]] and Novatel Wireless.<ref>{{cite web |url=http://www.novatelwireless.com/index.php?option=com_qcontacts&view=contact&id=3&Itemid=93 |title=Novatel website: Corporate headquarters |access-date=April 11, 2011 |archive-date=April 17, 2011 |archive-url=https://web.archive.org/web/20110417014154/http://www.novatelwireless.com/index.php?option=com_qcontacts&view=contact&id=3&Itemid=93 }}</ref> San Diego also has the U.S. headquarters for the Slovakian security company [[ESET]].<ref>{{cite news|author=Allen, Mike|title=ESET Polishes the Apple, Now Protects Macs|url=http://www.sdbj.com/news/2010/sep/20/eset-polishes-apple-now-protects-macs/|date=September 20, 2010|work=San Diego Business Journal|access-date=March 20, 2011}}</ref> San Diego has been designated as an iHub Innovation Center for potential collaboration between wireless and the life sciences.<ref>{{cite news|title=iHub San Diego |url=http://www.business.ca.gov/Portals/0/AdditionalResources/Reports/iHub%20Writeups-San%20Diego.pdf |publisher=California Governor's Office of Economic Development |access-date=April 7, 2011 |archive-url=https://web.archive.org/web/20110718230807/http://www.business.ca.gov/Portals/0/AdditionalResources/Reports/iHub%20Writeups-San%20Diego.pdf |archive-date=July 18, 2011 }}</ref>

The [[University of California, San Diego]] and other research institutions have helped to fuel the growth of [[biotechnology]].<ref name="UCSDIsrael">{{cite news|last=Doyle|first=Monica|title=UCSD Extension Awarded A $150,000 Grant For Biotechnology Collaboration With Israel|publisher=UCSD News|date=February 5, 2004|url=http://ucsdnews.ucsd.edu/newsrel/awards/US_Israel.asp|access-date=April 22, 2009}}</ref> In 2013, San Diego had the second-largest biotech cluster in the United States, below [[Greater Boston]] and above the [[San Francisco Bay Area]].<ref>{{cite news |title=Report: San Diego 2nd in life sciences |author=Bradley J. Fikes |url=http://m.utsandiego.com/news/2013/feb/12/san-diego-rises-to-second-place/ |newspaper=San Diego Union Tribune |date=February 12, 2013 |access-date=February 15, 2013 |archive-date=July 24, 2013 |archive-url=https://web.archive.org/web/20130724070319/http://m.utsandiego.com/news/2013/feb/12/san-diego-rises-to-second-place/ }}</ref> There are more than 400 biotechnology companies in the area.<ref>{{cite web |url=http://sdbn.org/directory/ |title=SDBN.org |publisher=SDBN.org |access-date=July 1, 2010 |archive-url=https://archive.today/20120715092207/http://sdbn.org/directory/ |archive-date=July 15, 2012 }}</ref> In particular, the [[La Jolla, San Diego, California|La Jolla]] and nearby [[Sorrento Valley, San Diego, California|Sorrento Valley]] areas are home to offices and research facilities for numerous biotechnology companies.<ref name="Walcott">{{cite journal|last=Walcott|first=Susan M.|title=Analyzing an Innovative Environment: San Diego as a Bioscience Beachhead|journal=Economic Development Quarterly|date=May 2002|volume=16|issue=2|pages=99–114|doi=10.1177/0891242402016002001|s2cid=154435216|url=http://libres.uncg.edu/ir/uncg/f/S_Walcott_Analyzing_2002.pdf}}</ref> Major biotechnology companies like [[Illumina (company)|Illumina]] and [[Neurocrine Biosciences]] are headquartered in San Diego, while many other biotech and pharmaceutical companies have offices or research facilities in San Diego. San Diego is also home to more than 140 [[contract research organization]]s (CROs) that provide contract services for pharmaceutical and biotechnology companies.<ref>Bigelow, Bruce V. [http://www.xconomy.com/san-diego/2010/01/27/san-diegos-life-sciences-cros-the-map-of-clinical-research-organizations/?single_page=true "San Diego's Life Sciences CROs—The Map of Clinical Research Organizations"], "Xconomy", San Diego, January 27, 2010.</ref>

===Real estate===
[[File:Village of La Jolla, San Diego, CA 92037, USA - panoramio (48).jpg|thumb|left|[[La Jolla]] is a highly valued [[real estate]] market in San Diego.]]
San Diego has high real estate prices. San Diego home prices peaked in 2005, and then declined along with the national trend. As of December 2010, prices were down 36 percent from the peak,<ref>{{cite news|url=http://nl.newsbank.com/nl-search/we/Archives?p_action=doc&p_docid=134725AB44C9BD10&p_docnum=1&s_dlid=DL0111032600040931826&s_ecproduct=SUB-FREE&s_ecprodtype=INSTANT&s_trackval=&s_siteloc=&s_referrer=&s_subterm=Subscription%20until%3A%2012%2F14%2F2025%2011%3A59%20PM&s_docsbal=%20&s_subexpires=12%2F14%2F2025%2011%3A59%20PM&s_docstart=&s_docsleft=&s_docsread=&s_username=sdubsub&s_accountid=AC0110122214325408110&s_upgradeable=no |last=Freeman, Mike |title=Housing Prices Fall Again, Index Says |work=San Diego Union Tribune |date=December 29, 2010 |access-date=May 4, 2011}}</ref> [[median home price|median price of homes]] having declined by more than $200,000 between 2005 and 2010.<ref>{{cite news|url=http://nl.newsbank.com/nl-search/we/Archives?p_action=doc&p_docid=12FA5631673E3420&p_docnum=6&s_dlid=DL0111032600114313695&s_ecproduct=SUB-FREE&s_ecprodtype=INSTANT&s_trackval=&s_siteloc=&s_referrer=&s_subterm=Subscription%20until%3A%2012%2F14%2F2025%2011%3A59%20PM&s_docsbal=%20&s_subexpires=12%2F14%2F2025%2011%3A59%20PM&s_docstart=&s_docsleft=&s_docsread=&s_username=sdubsub&s_accountid=AC0110122214325408110&s_upgradeable=no |last=Showley, Roger |title=Realty Revival |work=San Diego Union Tribune |date=May 9, 2010 |access-date=May 4, 2011}}</ref> As of May 2015, the median price of a house was $520,000.<ref>{{cite web |url=http://fox5sandiego.com/2015/05/08/median-price-of-home-hits-520k-in-san-diego/ |title=Median price of home hits $520K in San Diego |work=FOX5 San Diego |date=May 8, 2015 |access-date=January 29, 2016 |archive-date=January 27, 2016 |archive-url=https://web.archive.org/web/20160127070949/http://fox5sandiego.com/2015/05/08/median-price-of-home-hits-520k-in-san-diego/ |url-status=dead }}</ref> In November 2018 the median home price was $558,000. The San Diego metropolitan area had one of the worst housing affordability rankings of all metropolitan areas in the United States in 2009.<ref>{{cite news|url=http://www.newgeography.com/content/00554-new-survey-improving-housing-affordability-%E2%80%93-but-still-a-way-go|title=New Survey: Improving Housing Affordability – But Still a Way to Go|author=Cox, Wendell|date=January 28, 2009|publisher=NewGeography|access-date=June 20, 2013}}</ref> The San Diego Housing Market experienced a decline in the median sold price of existing single-family homes between December 2022 and January 2023, with a 2.9% decrease from $850,000 to $824,950.<ref>{{cite web|url=https://www.noradarealestate.com/blog/san-diego-real-estate-market/#:~:text=According%20to%20the%20latest%20C.A.R.,decrease%20from%20%24850%2C000%20to%20%24824%2C950|title=The San Diego Real Estate Market is Slowing|date=February 22, 2023}}</ref> As of 2023, the majority of homes (nearly 60%) in San Diego are listed above $1 million, with the city's median home price at $910,000, ranking it fourth highest among the 30 largest U.S. cities.<ref>{{cite news|url=https://fox5sandiego.com/news/local-news/san-diego/san-diego-among-cities-where-majority-of-homes-cost-over-1m-study/ |last=Coakley | first= Amber |title=San Diego among cities where majority of homes cost over $1M: study |work=fox5sandiego.com |date=July 12, 2023 |access-date=September 5, 2023 |archive-url=https://web.archive.org/web/20230713230110/https://fox5sandiego.com/news/local-news/san-diego/san-diego-among-cities-where-majority-of-homes-cost-over-1m-study/ |archive-date=July 13, 2023}}</ref><ref>{{cite news|url=https://www.cbs8.com/article/news/local/paradise-at-a-price/nearly-60-of-homes-for-sell-in-san-diego-are-over-1m/509-0061dbb2-7a93-47a8-9d07-85122bfe2794 |last=De La Fe | first= Rocio |title=Report: Nearly 60% of homes for sale in San Diego are over $1 million |work=cbs8.com |date=July 13, 2023 |access-date=September 5, 2023 |archive-url=https://web.archive.org/web/20230714115033/https://www.cbs8.com/article/news/local/paradise-at-a-price/nearly-60-of-homes-for-sell-in-san-diego-are-over-1m/509-0061dbb2-7a93-47a8-9d07-85122bfe2794 |archive-date=July 14, 2023}}</ref>

Consequently, San Diego has experienced negative net migration since 2004. A significant number of people have moved to adjacent [[Riverside County, California|Riverside County]], commuting daily to jobs in San Diego, while others are leaving the area altogether and moving to more affordable regions.<ref name="SDGreenerPastures">{{cite news|last=Weisberg|first=Lori|title=Greener pastures outside of county?|work=[[San Diego Union-Tribune]]|date=March 22, 2007|url=http://www.sandiegouniontribune.com/uniontrib/20070322/news_1n22census.html|archive-url=https://web.archive.org/web/20160814101856/http://www.sandiegouniontribune.com/uniontrib/20070322/news_1n22census.html|access-date=May 16, 2021|archive-date=August 14, 2016}}</ref>