Our CEO, Joe Wallace, gave an inspiring presentation at our recent 2023 Economic Report meeting. One of the salient subjects he discussed was how the average household in the Coachella Valley could not afford to purchase a home here in the current real estate climate. The estimated median household income here is $64,192. So half [...]
As we complete the final touches to our 19th Annual CVEP Economic Report, we'll continue our sneak peeks of the informative data in the final report. The last peek presented data on the average pay per worker by business sector for 2022. Today we'll explore median pay in the Coachella Valley filtered by educational attainment. [...]
Charter Communications is a leading broadband connectivity company and cable operator serving more than 30 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including internet, TV, mobile and voice. The company also distributes award-winning news coverage, sports [...]
In my last blog, I mapped where the Coachella Valley's working population is concentrated. Now let's look more closely at the types of occupations valley workers occupy. We will explore a ranking of occupation classes derived from the Bureau of Labor Statistics Standard Occupational Classification (SOC) system. We'll rank the classes by the total number [...]
As a nation, we have many, many conflicting opinions and beliefs about the state of the American economy. One fact cannot be refuted, however. Employment in the US continues to rise, albeit at a recently lower rate. Today’s Data Digest shows a map of where the working-aged population resides in the Coachella Valley and how [...]
My brother-in-law lives in Orlando, FL. During the fast approach of Hurricane Hilary, he was eager to help us prepare. After all, he's got a lot of experience, living in Florida. He was also keen to remind us that they haven't even had a significant hurricane yet. How could the first hurricane in the family [...]
As any of you who have read my Data Digest can tell, I can't get enough of graphs, tables, and infographics. One of my go-to sites for infographics about the economy is Visual Capitalist. Recently I stumbled on one of their older articles titled Mapped: The Anatomy of Land Use in America (and I can [...]
In a recent Desert Sun article titled Palm Springs is an oasis for tourists, but not for the area's majority low-income students, the author, Jonathan Horwitz, explores how the Coachella Valley’s “glamourous vision” obscures a darker demographic fact. Many of the valley’s K-12 students are socioeconomically disadvantaged at higher rates than those in the rest [...]
Since the beginning of the pandemic, residential real estate has been on a wild roller coaster ride. Housing prices in the Coachella Valley rose to historic levels during the COVID restrictions. People moved into the valley for comparatively lower-priced homes and less overcrowding, looking for more desirable places to lock down and work from home. [...]
The Coachella Valley Agriculture sector is valued at an estimated $600 million, according to the 2019 Coachella Valley Water District's (CVWD) 2019 Crop Report. It accounts for half the estimated $1.3 billion agriculture industry in Riverside County. By CVWD's estimations, agriculture is the "second largest contributor to the local economy," They estimate it contributes nearly [...]
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