Saturday, May 10, 2008

Demographics and Economic Development

Population
2007: 59,056
2020 Projection: 141,751
Currently: 800,000+ people within a 10-mile radius

Males: 26,897 (48.9%)
Females: 28,163 (51.1%)

Median resident age: 31.9 years
California median age: 33.3 years



For population 25 years and over in Rancho Cordova:

High school or higher: 83.9%
Bachelor's degree or higher: 18.1%
Graduate or professional degree: 5.0%
Unemployed: 7.3%
Mean travel time to work: 22.5 minutes


For population 15 years and over in Rancho Cordova CDP:

Never married: 29.3%
Now married: 49.0%
Separated: 3.3%
Widowed: 5.3%
Divorced: 13.1%


According to research there were 75 registered sex offenders living in Rancho Cordova, California in early 2007.
The ratio of number of residents in Rancho Cordova to the number of sex offenders is 752 to 1.


Employment
Jobs, Jobs, Jobs
Over 90,000 employed within 5 miles
6.2% unemployment rate

Occupational
Largest industries: Professional and business services, financial
activities, wholesale and retail trade
Business Clusters: Home Improvement, Manufacturing, Medical Equipment &
Health Services
Fortune 500 Companies: Vision Service Plan, Aerojet, Franklin Templeton, EDS
and Health Net

Commercial Property
More office space than downtown Sacramento
Mather Commerce Center: Over 2 million sq.ft. of office space
The Most Affordable Class A Office Rents in the Region at $1.80 per sq. ft.

Household Data
Median Income, Sacramento Region: $67,200
High School Graduate or Higher: 80.4%
Bachelor’s Degree or higher: 24.4%

Estimated median household income in 2005: (it was $40,095 in 2000)
Rancho Cordova: $47,400
California: $53,629

Estimated median house/condo value in 2005: (it was $116,500 in 2000)
Rancho Cordova: $295,300
California: $477,700

Infrastructure



US Highway 50
Runs East-West through the heart of Rancho Cordova
Links to Interstate 80, Interstate 5, Highway 99, Highway 16, Highway 49

Light Rail


Connects Rancho Cordova to downtown Sacramento to the West and the City of Folsom to the East
3 Light rail stations within city limits


Sacramento Light Rail on average carries 50,000+ passengers/weekday


Mather Commerce Center and Airport





Housing
Approximately 23,410 units
Owner-Occupied Dwellings: 59.6%
Renter-Occupied Dwellings: 40.4%
Average Monthly Rent: $961

Ethnic Profile
White Non-Hispanic (61.4%)
Hispanic (12.9%)
Black (11.3%)
Two or more races (6.5%)
Other race (5.7%)
American Indian (2.3%)
Filipino (2.1%)
Vietnamese (1.3%)
Asian Indian (1.2%)
Other Asian (1.2%)
Korean (0.9%)
Chinese (0.8%)
Japanese (0.6%)
Native Hawaiian and Other Pacific Islander (0.5%)
(Total can be greater than 100% because Hispanics could be counted in other races)

Foreign born population: 11,303 (20.7%)
(27.7%) of them are naturalized citizens.
Most common places of birth for the foreign-born residents:
Mexico (17%)
Ukraine (16%)
Other Eastern Europe (8%)
Armenia (7%)
Philippines (7%)
Vietnam (6%)
India (6%

Ancestries: German (13.1%), Irish (10.0%), English (8.4%), United States (4.7%), Italian (4.0%), Ukrainian (3.8%).


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