The Bay Area boasts the highest concentration of high earners in the U.S. but it also faces significant socio-economic challenges, including displacement of lower-income individuals.
Due to the region's dominance in the tech sector, there are more millionaires in the Bay Area than in any other U.S. metropolitan area, with 1 in 48 jobs exceeding $500,000.
While only 0.54% of the Bay Area workforce earns over $1 million annually, this figure is nearly twice that of the nearest competitor, Cape Coral-Fort Myers-Naples.
The unique productivity potential of tech workers compared to traditional high-earning professions like doctors and lawyers highlights the distinct economic landscape of the Bay Area.
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