The Growing Sacramento Economy

In 2007, the region generated $40,890,919,552 in consumer expenditures. This is projected to increase by 33% in the next five years to over $54 billion. On average, each household in the region generated $52,601 in consumer expenditures for 2007; by 2012 this figure is projected to expand to over $63,500. Sacramento area households generated 5% more consumer spending than the National average.

Additionally the Sacramento region is home to California fastest growing county: Placer and is projected to be the fastest growing Region in the state through 2016. Moreover, the Sacramento region is projected to move up to fourth place among California regions in per capita income by 2016. The region’s per capita income will be helped by the growth of jobs in and related to state government, as well as by the relocation of residents from the Bay Area.

Sources: Claritas, October 2007 & Center for Continuing Study of the California Economy, California County Projections, 2007 Edition

Retail spending

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