San Diego is a major city in California, on the coast of the Pacific Ocean in Southern California, approximately 120 miles (190 km) south of Los Angeles and immediately adjacent to the border with Mexico. San Diego is the eighth-largest city in the United States and second-largest in California. San Diego is the birthplace of California and is known for its mild year-round climate, natural deep-water harbor, extensive beaches, long association with the U.S. Navy, and recent emergence as a healthcare and biotechnology development center. The city is the seat of San Diego County and is the economic center of the region as well as the San Diego–Tijuana metropolitan area. San Diego’s main economic engines are military and defense-related activities, tourism, international trade, and manufacturing. The presence of the University of California, San Diego (UCSD), with the affiliated UCSD Medical Center, has helped make the area a center of research in biotechnology.
Tourism is a major industry owing to the city’s climate, its beaches, and numerous tourist attractions such as Balboa Park, Belmont amusement park, San Diego Zoo, San Diego Zoo Safari Park, and SeaWorld San Diego. San Diego’s Spanish and Mexican heritage is reflected in the many historic sites across the city, such as Mission San Diego de Alcala and Old Town San Diego State Historic Park. Annual events in San Diego include Comic-Con, the Farmers Insurance Open golf tournament, San Diego Pride, the San Diego Black Film Festival, and Street Scene Music Festival. Also, the local craft brewing industry attracts an increasing number of visitors for “beer tours” and the annual San Diego Beer Week in November; San Diego has been called “America’s Craft Beer Capital.” San Diego’s cruise ship industry used to be the second-largest in California. Each cruise ship call injects an estimated $2 million (from the purchase of food, fuel, supplies, and maintenance services, not counting the money spent by the tourists) into the local economy. There are local cruises in San Diego Bay and Mission Bay, available through companies such as Hornblower and H&M. These include sightseeing and “sunset” cruises as well as private-event or “party” cruises. Also available are whale watching cruises to observe the migration of tens of thousands of gray whales that pass by San Diego, peaking in mid-January, and year-round sport fishing expeditions.
San Diego was ranked as the 20th-safest city in America in 2013 by Business Insider. According to Forbes magazine, San Diego was the ninth-safest city in the top 10 list of safest cities in the U.S. in 2010. Like most major cities, San Diego had a declining crime rate from 1990 to 2000. Crime in San Diego increased in the early 2000s. In 2004, San Diego had the sixth lowest crime rate of any U.S. city with over half a million residents.
Prior to 2006, San Diego experienced a dramatic growth of real estate prices, to the extent that the situation was sometimes described as a “housing affordability crisis”. Median single family home prices more than tripled between 1998 and 2007. According to the California Association of Realtors, in May 2007 a median house in San Diego cost $612,370.
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San Diego - Market Stats
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