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Irvine Economic Indicators



Demographics
     
    Population  
     
    2000 2005 2006 2007 2008 2009  
    144,100 183,344 193,419 201,154 209,806 212,793  
     
                Source: U.S. Census & CA Dept. of Finance
    Median Age  
     
    2000 2005 2006 2007 2008  
    34.2 36.0 32.1 33.4 32.9  
     
                Source: American Community Survey
    Median Household Income  
     
    2000 2005 2006 2007 2008  
    72,057 82,827 84,270 85,624 98,923  
     
                Source: American Community Survey
    Ethnicity, %  
    1980 1990 2000 2007 2008  
    White 82% 73% 57% 51% 48%  
    Asian 8% 18% 30% 35% 38%  
    Hispanic 6% 6% 8% 9% 8%  
    Black 1% 2% 1% 2% 1%  
    Other 3% 1% 4% 3% 5%  
     
                Source: US Census Bureau, ACS, Claritas, Inc.
Employment
     
    Unemployment Rate, Average%  
     
    2000 2005 2006 2007 2008  
    2.6% 2.8% 2.5% 2.9% 4%*  
     
  * Estimate           Source: Bureau of Labor Statistics
City Revenue
     
    Sales Tax Collections, in millions  
     
    2000 2005 2006 2007 2008  
    $43.3 $50.0 $54.0 $54.3 $55.8  
     
                Source: Irvine Budget Office
    Property Tax Collections, in millions  
     
    2000 2005 2006 2007 2008  
    $10.9 $25.7 $31.1 $36.8 $41.4  
     
                Source: Irvine Budget Office
    Bed Tax Collections, in millions  
     
    2000 2005 2006 2007 2008  
    $6.5 $7.3 $8.7 $9.4 $9.1  
     
                Source: Irvine Budget Office
Employment
     
    Employment by Industry  
    2007*  
    Utilities 381  
    Construction 12,158  
    Manufacturing 25,632  
    Wholesale Trade 22,120  
    Retail Trade 11,946  
    Transportation and Warehousing 2,625  
    Information 5,384  
    Finance and Insurance 20,259  
    Real Estate and Rental and Leasing 6,230  
    Professional, Scientific & Technical Svces 32,356  
    Management of Companies & Enterprises 5,469  
    Administrative & Support & Waste Mgmt. 19,502  
    Educational Services 1,945  
    Health Care & Social Assistance 6,384  
    Arts, Entertainment, and Recreation 2,070  
    Accommodation and Food Services 11,771  
    Other Services (except Public Admin.) 3,845  
    Government 15,614  
    Total, All Industries 205,691  
     
  * July, 2007
                Source: Employment Development Dept.
    Top 10 Employers  
    No. of Employees  
    University of California Irvine 16,000  
    Irvine Unified School District 2,473  
    Cellco Partnership 2,108  
    Broadcom 2,000  
    St. John Knits 1,972  
    Allergan 1,922  
    Edwards Lifesciences 1,779  
    Parker Hannifin 1,650  
    Capital Group Companies 1,506  
    B Braun Medical 1,500  
     
            Source: Irvine Comprehensive Annual Financial Report 6/30/08
Construction
     
    Residential Units Permitted Annually  
     
    2000 2005 2006 2007 2008  
    1,802 1,062 1,206 3,884 3,283  
     
            Source: Irvine Comprehensive Annual Financial Report 6/30/08
    Residential Permit Valuation, in millions  
     
    2000 2005 2006 2007 2008  
    $491.6 $511.0 $540.0 $392.8 $363.3  
     
            Source: Irvine Comprehensive Annual Financial Report 6/30/08
    Median Home Appreciation Rates, % change  
     
    2004 2005 2006 2007 2008  
    33.7% 4.4% 10.6% -6.4% -11.6%  
     
                Source: Dataquick Information Systems
    Commercial Permit Valuation, in millions  
     
    2000 2005 2006 2007 2008  
    $292.6 $139.3 $818.8 $445.6 $251.3  
     
            Source: Irvine Comprehensive Annual Financial Report 6/30/08
    Total Assessed Value, in billions (1)  
     
    2000 2005 2006 2007 2008  
    $18.3 $29.6 $33.8 $39.3 $44.4  
  (1) City amounts include the Redevelopment Agency's incremental valuation
     
                Source: Orange County Auditor - Controller