Fresno, CA Economic Overview
Fresno is the county seat of Fresno County and is located in South San Joaquin Valley, in the southern part of the Central Valley area of California. While the city itself is home to about 520,000 people, the Fresno MSA has nearly 1 million residents, drawn to the area by its diverse job market and the overall affordability. The demand for commercial real estate in Fresno is driven in large part by the area's strategic location as a transportation hub for all of Central California.
Fresno is the economic center of the San Joaquin Valley. While the economy in Fresno is tied primarily to the agriculture, entertainment and health care industries, health care also makes a significant contribution to the local economy.
With a median household income of over $43,000 a year and an average annual salary of just under $44,000, Fresno has established itself as a location to do business that is much more cost-effective than other parts of California, while at the same time providing a generous labor pool and a centralized location for business.