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Economy The economy in San Francisco is the sixth-largest in the country, with a GDP of $501 billion, according to the JP Morgan Chase Institute. And the Bureau of Labor Stats reports that as of August 2021, San Francisco's shrinking joblessness rate of 5% almost reached the nationwide rate of 4.

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Amongst the city's non-farm employment categories, jobs in San Francisco increased in the service and federal government sectors from August 2020 to August 2021. This Article Is More In-Depth of Living At 269. 3, San Francisco's expense of living significantly surpasses the nationwide index of 100. Real estate costs represent most of the city's high cost of living, at a rate of more than 3 times the rate of general California real estate expenses and approximately five times that of typical Americans.

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