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San Jose is a global city, notable as a center of innovation, for its affluence, Mediterranean climate, and really substantial cost of residing. San Jose’s spot inside the booming substantial tech business, as a cultural, political, and financial center has earned the city the nickname “Capital of Silicon Valley”. San Jose is a single of the wealthiest key cities in the United States and the globe, and has the third highest GDP per capita in the globe (soon after Zürich, Switzerland and Oslo, Norway), according to the Brookings Institution. The San Jose Metropolitan Region has the most millionaires and the most billionaires in the United States per capita. With a median home cost of $one,085,000, San Jose has the most pricey housing market place in the country and the fifth most pricey housing market place in the globe, according to the 2017 Demographia International Housing Affordability Survey. Key global tech firms including Cisco Systems, eBay, Adobe Systems, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital maintain their headquarters in San Jose, in the center of Silicon Valley.
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Before the arrival of the Spanish, the location close to San Jose was inhabited by the Tamien nation of the Ohlone peoples of California. San Jose was founded on November 29, 1777, as the Pueblo de San José de Guadalupe, the 1st city founded in the Californias. It then grew to become a component of Mexico in 1821 soon after the Mexican War of Independence. Following the American Conquest of California for the duration of the Mexican–American War, the territory was ceded to the United States in 1848. Following California achieved statehood two many years later on, San Jose grew to become the state’s 1st capital. Following World War II, San Jose skilled an financial boom, with a speedy population development and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The speedy development of the substantial-engineering and electronics industries more accelerated the transition from an agricultural center to an urbanized metropolitan location. Benefits of the 1990 U.S. Census indicated that San Jose had officially surpassed San Francisco as the most populous city in Northern California. By the 1990s, San Jose and the rest of Silicon Valley had turn out to be the global center for the substantial tech and internet industries, making it California’s fastest-expanding economic climate.