Marin County is a gem of northern California’s Bay Area that is situated north of San Francisco. The county’s prime locations draw in visitors from nearby cities like San Francisco and Napa looking to escape the busyness of urban life. Marin County is known for its majestic natural beauty including the giant redwood trees in the Muir Woods National Monument. The idyllic landscape of the area includes forests, rolling hills, coastal seaside, and mountains.
Many people choose to call Marin County home because of its picturesque scenery and the proximity to San Francisco. It has a strong and diverse economy that positively contributes to the prosperity of the Bay Area. The Marin County job market has many opportunities for people working in different industries. For those considering relocating to the area, understanding the current state of the local job market and economy can help make the best decisions for them and their loved ones. Deciding to move is a big decision and knowing the job market in 2023 can make the process less stressful.
1. Low unemployment rates may benefit job seekers
Marin County consistently records low unemployment rates in comparison to other areas across the country. Between March 2022 and May 2023, the unemployment rate in Marin County ranged from 2.4 to 3.2 percent in comparison to 3.4 to 3.7 percent on a national level during the same period. Low unemployment rates are often a positive indicator of a strong economy. It can be especially helpful for those looking for a job as low unemployment can indicate a job seekers market. During low unemployment rates, job seekers may find that there are more openings than there are pools of people wanting employment. The low unemployment rates can be great news for the Marin County job market and people wanting to move there.
2. Prosperous small businesses
Marin County stands out as a great place for small businesses to thrive. The county ranked number one in the relative strength of the small business sector within the state of California. Across the country, Marin County was ranked 47th overall when comparing the area’s small business revenue to population among other factors. There are many small business owners in Marin County with more than 42% of the county’s population filing small business taxes. For those who work or want to work at a small business, Marin County is a hotspot. Small businesses are present in a variety of industries within the region, including the most prominent sectors such as technology, healthcare, and tourism. The success of small businesses is a notable element of the Marin County job market and local economy.
3. Part of the Bay Area’s tech sector
The Bay Area is known for its booming technology sector and Marin County is no exception. Many people who live in Marin County working in the technology industry commute to work in Silicon Valley, San Francisco, or other tech hubs in the region. More than 27,000 Marin County residents commuted to a workplace in San Francisco County in 2015. Some of the top employers in Marin County are major technology companies based like Glassdoor and Autodesk. As technology advances, the industry’s prominence in Marin County benefits the area’s workforce.
4. Many startups and new businesses
The area is home to many startup companies and businesses in their early days. The Bay Area is often regarded as a startup-rich region. At least 331 startups were founded in Marin County and the neighboring Sonoma County between 2010 and 2019. Many of these companies saw major investments with 95 receiving at least one million dollars in equity financing.
5. Educated labor force
The Marin County workforce is well-educated with most of the adult population having a college degree. Data collected between 2017 and 2021 shows that more than 60% of Marin County residents aged 25 and older have a Bachelor’s degree or higher. The percentage of people with higher education in Marin County is nearly double the national rate. Areas with a highly educated workforce can positively influence the local economy and individuals.
Ready to start exploring Marin County with the guidance of a local expert?
The thriving local economy in Marin County is one of many components that draws many people to the area. With low unemployment rates and a highly educated workforce, Marin County is less impacted by economic instability than other areas. Marin County’s prime Bay Area location enjoys the strong presence of the tech industry, small businesses, and startups. Born and raised in Marin County, Eric Schmitt is now a real estate advisor ready to share his love of the area with his clients. He is a top real estate professional using his local expertise to help his clients. He has been a part of sales totaling more than $200 million ranging from residential, corporate, and luxury properties. Reach out to Eric to get started!
