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SR 06:064B
City of Pleasanton
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SR 06:064B
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2/23/2006 4:46:27 PM
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2/23/2006 4:42:35 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
2/28/2006
DESTRUCT DATE
15 Y
DOCUMENT NO
SR 06:064B
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<br />categories further illustrates Pleasanton's affluence; over half of City households <br />earn more than $100.000 per year. compared to only 34 percent of Bay Area <br />households. Further, almost 10 percent of Pleasanton's households earned over <br />$250.000 in 2005. <br /> <br />Total jobs in Pleasanton have grown substantially, while the number of local <br />residents staying in Pleasanton to work has remained relatively stable, leading to a <br />rapidly rising number of in-commuters arriving each day to work in Pleasanton's <br />economy. <br /> <br />. The profile of Pleasanton residents' place of work has remained relatively stable from <br />1990 through 2000. The total number of residents who worked at various locations <br />rose from 28,785 in 1990 to 33,066 in 2000 (a 15 percent increase). In 1990, about <br />8,900 of the residents who worked held jobs located in Pleasanton (about 31 percent <br />of all working residents) with the balance of 19,900 working residents commuting <br />outside of Pleasanton to their jobs. By 2000, roughly 10,500 Pleasanton residents <br />held jobs located in Pleasanton (32 percent of all working residents), with the <br />balance of about 22,550 residents commuting elsewhere to their jobs. These data <br />indicate that the proportion of Pleasanton's working residents with jobs located in <br />Pleasanton has remained relatively stable, and the number of daily out-commuters to <br />jobs located elsewhere has risen by only 2,650 people in 10 years. <br /> <br />. At the same time. the total number of jobs in Pleasanton grew much more rapidly, <br />rising from 32,530 jobs in 1990 to 53,013 jobs in 2000, an increase of almost 64 <br />percent for the period. In 1990, roughly 8,900 of the total jobs in Pleasanton were <br />held by local residents (27 percent of total jobs), meaning that 23,600 workers <br />commuted into the City each day to work. By 2000, with the much larger number of <br />total jobs, only 10,500 were held by Pleasanton residents, meaning that 42,500 <br />workers commuted in to the City each day to work, an increase of 18.900 in- <br />commuters in 10 years. During this same period, the share of total jobs held by <br />residents of Pleasanton declined from 27 percent to 20 percent. <br /> <br />. Today, Pleasanton is a "job rich" community, with more than 1.6 jobs for every <br />working resident, meaning that even if every resident stayed in Pleasanton to work. <br />there would be substantial in-commuting to fill the remaining jobs. However, the <br />City's ability to achieve a jobs/housing balance is constrained by Pleasanton's voter- <br />approved cap on the development of housing units within the City, with no more than <br />29,000 units allowed. As of 2005 the City had approximately 25,500 housing units <br />leaving fewer than 3,500 units of residential development potential (including all <br />approved projects). As the commercial and residential areas build out the City is <br />likely to become increasingly "job rich", estimated to have almost two jobs for every <br />working resident. <br /> <br />Pleasanton Economic Development Strategic Plan <br />DRAFT - January 2006 <br /> <br />4 <br />
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