.
Feedback

Unemployment Decreasing, Median Income Going Up in Petaluma

Median household incomes rose by 19 percent over the past decade and is expected to keep growing

 

The percentage of households earning less than $35,000 decreased by 4.4 percent, while households earning between $100,000 and $149,000 increased by 4.7 percent.

“A lot of it is people going back to work,” said Ben Stone, executive director of the Sonoma County Economic Development Board. “Unemployment is decreasing and expected to keep decreasing in coming months.”

The unemployment rate for Petaluma in August (the latest available figure) was 7.6 percent, compared to 8.2 percent countywide.

Asked about whether the increase in median incomes had anything to do with families being pushed out of Petaluma by rising rental and home prices, Stone said it was too hard to tell.

“Even if housing prices are going up, they are still cheaper than in Marin County,” he said.

Meanwhile, the city’s population has grown by 5.8 percent over the past decade to 58,870 last year. It’s expected to increase by another 1.6 percent by 2016.

Click here to read the full report

Newsletter & Alerts

Get the best stories each day and important breaking news

Subscribe

Not from Petaluma Patch? Find your Local Patch »

Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
You are fun!
Drew Himmelstein (Editor) June 12, 2013 at 06:32 pm
Looks like some fun kids AND a fun dad!
FREE Family Fun in the Theatre District
Bookworm June 7, 2013 at 08:46 am
I think that showing The Hunger Games in this venue is a mistake. These outdoor family film showingsRead More do attract families, and frequently families with younger children. It would be close to child abuse to permit a younger child to watch this movie. Not so sure it would be a good idea for teens either. I believe that this choice was not well thought out. I hope it can be changed to something that would be beneficial for all ages to see. For example, I recommend a film called "Like Stars on Earth" directed by Aamir Khan. A very moving and thoughtful film.