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Economic Profile

The economy and the population of San Luis Obispo continue to grow steadily. From 1995 to 2005, the population in San Luis Obispo County grew more than 15% overall.  The civilian labor force increased 32% while employment increased 35%.  Personal income increased 83%, per capita income increased 59%, and county wide retail sales increased a dramatic 100%. The Gross County Product has continued to increase over the years and is currently at $11 billion as of 2005. The County has also experienced a 3% increase in real taxable sales per capita in 2005.

Demographic Profiles of San Luis Obispo County

Development Measure

1995

2000

2005

Percentage Change*

Population

230,200

248,100

264,109

15%

Civilian Labor Force

100,800

122,500

132,900

32%

Employment

94,200

117,600

127,500

35%

Personal Income ( $ billions)

$4.7

$6.8

$8.6

83%

Median Household Income ($thousands)

$42.3

$48

$61.7

46%

Per Capita Personal Income ($ thousands)

$20.7

$27.6

$32.9

59%

Per Capita Retail Sales ($thousands)

$5.8

$8.4

$11.4

96%

Countywide Retail Sales (billions)

$1.3

$2.1

$3.0

100%

Source: UCSB Economic Forecast Project, The 2006 San Luis Obispo County Economic Outlook; California Employment Development Department

*From 1995 to 2005

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© 2007 Economic Vitality Corporation