San Jose, CA

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Its location within the booming high tech industry as a cultural, political, and economic center has earned the city the nickname "Capital of Silicon Valley".

San Jose is notable as a center of innovation, for its affluence, Mediterranean climate, and extremely high cost of living. As of June 2021, the city has the highest percentage of million-dollar (or more) homes in the United States. Its location within the booming high tech industry as a cultural, political, and economic center has earned the city the nickname "Capital of Silicon Valley". San Jose is one of the wealthiest major cities in the United States and the world, and has the third-highest GDP per capita in the world. The San Jose Metropolitan Area has the most millionaires and the most billionaires in the United States per capita. With a median home price of $1,085,000, San Jose has the most expensive housing market in the country and the fifth most expensive housing market in the world. Major global tech companies including Cisco Systems, eBay, Adobe Inc., PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Zoom maintain their headquarters in San Jose, in the center of Silicon Valley.