San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and extremely high cost of living. San Jose’s location within the booming high tech sector, 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 (following Zürich, Switzerland and Oslo, Norway), in accordance to the Brookings Institution. The San Jose Metropolitan Area has the most millionaires and the most billionaires in the United States per capita. With a median residence price of $one,085,000, San Jose has the most high-priced housing industry in the nation and the fifth most high-priced housing industry in the globe, in accordance to the 2017 Demographia International Housing Affordability Survey. Key international tech firms including Cisco Methods, eBay, Adobe Methods, 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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Just before the arrival of the Spanish, the region 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 initial city founded in the Californias. It then grew to become a portion of Mexico in 1821 following 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. After California attained statehood two many years later, San Jose grew to become the state’s initial capital. Following Planet War II, San Jose knowledgeable an financial boom, with a rapid population growth and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The rapid growth of the high-technological innovation and electronics industries further accelerated the transition from an agricultural center to an urbanized metropolitan region. 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 become the international center for the high tech and internet industries, creating it California’s quickest-growing economic system.