A Success Story
Highlighting both the resilience and strength of the San Bernardino County economy in the face of the lingering impacts of the COVID-19 pandemic, San Bernardino County saw its labor force reach 1.006 million in November 2021 – the first time the labor force has exceeded 1 million. Since then, the labor force has continued to increase, reaching approximately 1.027 million as of December 2022, as the unemployment rate has consistently trended downward, reaching 3.6% during the same time period. While economic activity and growth is expected to slow nationally in 2023, San Bernardino County is well positioned to weather additional economic disruptions due to its competitive advantages, particularly in Logistics.
Business Climate
SAN BERNARDINO METRO LEADS IN FINANCING ECOSYSTEMS AND BUSINESS DYNAMISM
Employment
SALARIES GROW ACROSS ALL MAJOR INDUSTRY CLUSTERS
Residential Real Estate Market
SAN BERNARDINO MEDIAN HOME PRICE HITS $450,000 AS OF JANUARY 2022
Commercial Real Estate Market
AS VACANCIES REACH NEW LOW, ASKING RATES JUMP FOR INDUSTRIAL REAL ESTATE
Ontario International Airport
PASSENGER TRAFFIC REBOUNDS POST-PANDEMIC
Tourism
TOURISM SPENDING REBOUNDS FROM PANDEMIC LOWSTOURISM SPENDING REBOUNDS FROM PANDEMIC LOWS