Irvine is a large city located in the state of California. With a population of 314,621 people and 49 associated neighborhoods, Irvine is the 14th largest community in California. There's nothing like the smell of a brand new house, and in Irvine, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Irvine, and putting down their money on brand new construction. Irvine’s real estate is, on average, some of the newest in the nation. Irvine does seem to be experiencing an influx of affluent people, because the median household income is $129,647.00.
Irvine home prices are not only among the most expensive in California, but Irvine real estate also consistently ranks among the most expensive in America.
Also of interest is that Irvine has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Irvine is also a city of artists. Irvine has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Irvine’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 25.93% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Irvine is a major college town. As is often the case in college towns, the many students that live in Irvine have a strong influence on the local culture and music scene. In fact, Irvine is one of only a few big cities that are also major college towns. This combination of big city status and thousands of college students gives Irvine, on one hand, a sophisticated style, while on the other also providing lots of diversions and entertainment for students. In fact, Irvine is one of the biggest "college towns" in America. This elevates both the status of the city and the knowledge sector of the local economy, which is sustained by a steady output of new college graduates every spring.
This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Irvine is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Irvine. 70.58% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Irvine in 2022 was $62,149, which is upper middle income relative to California, and wealthy relative to the rest of the US. This equates to an annual income of $248,596 for a family of four. However, Irvine contains both very wealthy and poor people as well.
Irvine is an extremely ethnically-diverse city. The people who call Irvine home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Irvine residents report their race to be Asian, followed by White. Irvine also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.34% of the city’s residents. Important ancestries of people in Irvine include German, English, Irish, Iranian, and Italian.
Foreign born people are also an important part of Irvine's cultural character, accounting for 39.28% of the city’s population.
The most common language spoken in Irvine is English. Other important languages spoken here include Chinese and Spanish.