The economy of the America’s Finest City and its greater area spreads throughout the southwestern part of Southern California. The county demonstrates impressive economic results with 206 billion of domestic products. San Diego County is the country’s 17 largest metro area, ranked 4 among metro areas in California. The region’s economy also serves as international conurbation with the bordering Mexican city of Tijuana.
The locomotives of the local economy are defense and military industries, the city’s largest employers. As for the city itself, military and educational institutions, including University of San Diego, second largest employer, play a crucial role in its development. The local economy is heavily fueled by tourism, international trade, and research and biotechnology industries, respectively. The city was entitled to be the best place in the US to launch a startup or open the new business by Forbes in 2014.
San Diego Metro economy is largely impacted by its international port, playing the crucial role in city development, boasting 3,300,000 tons of annual cargo tonnage and included in the rank of top-30 largest ports of America. The only shipbuilding yard servicing US Military on the West Coast is located in San Diego. San Diego is known to house the largest naval fleet on the planet: since 2008 when it housed 53 ships and 124 tenant commands, the number increased by 15%.
As for the recent job growth, the rise is estimated at 1.04%, which is 0.14% less than the country median. Sales taxes account 8% against the nation average of 6%. Although the unemployment rate in San Diego is slightly less than US average, 6.00% against the background of 6.30% national average, the less financially secured citizens still have problems with affording decent level of life.
The demand for quick payday loans solutions hasn’t decreased, but on the opposite, has grown by 2% against the background of 2015. More than 65% of payday clients prefer internet services to brick and mortar ones, largely due to their cost-effectiveness and speed of providing services. If you are looking for no teletrack San Diego payday loans online offers, you should definitely consider aggregating services, that initiate no background checks for its applicants. The most active areas requesting payday loans with the highest approval rate are 92120, 92117, 92104 and 92117.
According to the Californian laws, the loan amounts over $300 are prohibited. Despite the fact you can be issued a larger quick loan under a different title, payday loans average amount in San Diego equals $270. The approval rate is balancing around 80%, while the role of credit score is gradually decreasing and becomes negligible. A decrease in one’s most crucial factor was catalyzed by another cap, which is not going to be reconsidered in the upcoming years.