Tag Archives: economic

State’s median income jumps in 2011

State’s median income jumps in 2011

fox5sandiego.com

SACRAMENTO — The statewide median income in 2011 rose for individuals and couples, the California Franchise Tax Board reported.

Individual incomes as reflected on state returns rose 2.2% to $34,684 compared with 2010, while joint returns rose 3.6% to $68,122.

Calfornia business, employment, workers, stateMedian income is the point at which half the incomes are higher and half are lower. It is not the average of all incomes.

The state’s highest median income was in Marin County, with $52,032 for individuals and $120,170 for couples. The lowest was Imperial County, with $23,345 for individuals and $37,700 for couples.

San Francisco County had the fifth highest median income for individuals. Orange County ranked 16th, San Diego County 18th, Ventura County 19th, Riverside County 36th, Los Angeles County 38th and San Bernardino County 39th.

Los Angeles County’s median income was $30,255 for individuals and $58,859 for couples. Orange County’s was $36,533 for individuals and $74,965 for…

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In defense-heavy San Diego, ‘fiscal cliff’ threat hits home

n defense-heavy San Diego, ‘fiscal cliff’ threat hits home

fox5sandiego.com

SAN DIEGO — The impasse over the “fiscal cliff” gripping the nation disproportionately threatens San Diego County because the military and defense industry is an economic juggernaut, responsible for 1 in 4 jobs in our area.

Vicky Geron owns a Mexican  restaurant, but she stands to lose business if Congress and the president don’t reach a budget and tax agreement soon. Her restaurant is a few blocks from the gates of the naval base here and the 86-acre Nassco shipbuilding yard depends on the weekday lunch crowd, split evenly between sailors and defense contractors.

Geron said her recession-battered Mexican eatery in this industrial stretch of the Barrio Logan neighborhood could be closed down if the country fails to avoid the “fiscal cliff” — the triggering of automatic defense cuts along with tax hikes — because no deal was reached on the federal budget.

f the fiscal cliff isn’t…

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