 | 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 |
|
|
|
|
| |