San Jose is a global city, notable as a center of innovation, for its affluence, Mediterranean climate, and incredibly higher price of living. San Jose’s location within the booming higher tech market, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is one particular of the wealthiest significant 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), in accordance 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 value of $1,085,000, San Jose has the most pricey housing market in the nation and the fifth most pricey housing market in the globe, in accordance to the 2017 Demographia Global Housing Affordability Survey. Major global tech organizations which includes Cisco Programs, eBay, Adobe Programs, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital keep their headquarters in San Jose, in the center of Silicon Valley.
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Ahead of the arrival of the Spanish, the spot 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 element 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. Soon after California achieved statehood two many years later on, San Jose grew to become the state’s 1st capital. Following Planet War II, San Jose experienced an economic boom, with a quick population development and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The quick development of the higher-technology and electronics industries more accelerated the transition from an agricultural center to an urbanized metropolitan spot. Results 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 into the global center for the higher tech and web industries, making it California’s quickest-increasing economic system.