Folsom California Population History: A Brief Overview

The population history of Folsom, California is a fascinating journey that reflects the growth and development of this vibrant city. From its humble beginnings as a gold rush town to its current status as a thriving community, the story of Folsom’s residents is one of resilience and determination. Join us as we delve into the rich history of Folsom’s population and uncover the tales of the people who have shaped this city into what it is today. Let’s explore the unique demographic shifts, cultural influences, and impactful events that have molded Folsom into the diverse and dynamic city it is today.

Population By Year

Folsom, California Population Facts

Early Settlement

Folsom, California was first established as a gold rush town in 1855. It was named after Joseph Libbey Folsom, who played a key role in the development of the town.

Population Growth

Over the years, Folsom has experienced steady population growth due to its proximity to Sacramento and the Bay Area, as well as its high quality of life. Here are some key population facts about Folsom:

• In 1960, Folsom had a population of just 2,522 people.
• By 2000, the population had grown to 51,884 residents.
• As of the latest census data in 2020, Folsom’s population is estimated to be over 80,000 people.

Diverse Community

Folsom is known for its diverse population, with residents from various ethnic and cultural backgrounds. The city has a strong sense of community and offers a range of amenities for its residents, including parks, schools, and shopping centers.

Overall, Folsom’s population has continued to grow steadily over the years, making it a desirable place to live for many Californians.

Folsom California Demographics

Population Growth

Folsom, California, has experienced significant population growth over the years, thanks to its booming economy and high quality of life. According to the U.S. Census Bureau, the population of Folsom has steadily increased from 38,627 in 2000 to over 81,328 in 2020.

Ethnic Diversity

Folsom is a diverse city with a mix of ethnicities. The population consists of White, Hispanic or Latino, Asian, African American, and Native American residents. The city’s diversity adds to its vibrant culture and community.

Age Distribution

The age distribution in Folsom is well-balanced, with a mix of young professionals, families, and retirees. The city offers a range of amenities and activities that cater to residents of all ages.

Education Level

Folsom has a highly educated population, with a large percentage of residents holding college degrees. The city’s excellent schools and educational opportunities have attracted many families and young professionals to the area.

Household Income

Folsom is known for its high median household income, which is above the national average. The city’s strong economy and employment opportunities have contributed to its residents’ high standard of living.

Overall, Folsom, California, is a diverse and thriving community with a growing population and a strong economy, making it an attractive place to live and work.

Folsom Income & Labor Statistics

Median Household Income

In Folsom, California, the median household income is $106,869. This is significantly higher than the national average, making Folsom an affluent city.

Unemployment Rate

The unemployment rate in Folsom is exceptionally low at just 2.9%, compared to the national average of 6.7%. This indicates a strong job market and economic stability within the city.

Top Industries

Folsom’s economy is driven by a diverse range of industries, including technology, healthcare, education, and finance. Some of the top employers in the city include Intel, Mercy Hospital, Folsom Cordova Unified School District, and Bank of America.

Income Distribution

Folsom has a relatively even income distribution, with a large percentage of residents earning above the national average. However, there are still pockets of poverty within the city, highlighting the importance of ongoing economic development efforts.

Overall, Folsom’s income and labor statistics paint a picture of a prosperous city with strong economic opportunities for its residents.

Folsom California Housing & Rent Statistics

When looking at the housing and rent statistics in Folsom, California, it is important to consider the various factors that contribute to the affordability and availability of housing in the city.

Housing Market Overview

Folsom is known for its desirable real estate market, with a mix of single-family homes, townhouses, and apartments available for residents. The median home price in Folsom is around $600,000, making it a more expensive market compared to other cities in California.

Rental Market Trends

Renting in Folsom is also on the higher end, with the average rent for a one-bedroom apartment hovering around $1,500 per month. Rental prices have been steadily increasing in recent years, making it challenging for some residents to afford housing in the city.

Affordability Issues

• Folsom has a relatively low vacancy rate, leading to increased competition for housing and higher prices.
• The cost of living in Folsom is higher than the national average, impacting residents’ ability to afford housing.
• Many residents are burdened by housing costs, spending a significant portion of their income on rent or mortgages.

Overall, the housing and rent statistics in Folsom, California, underscore the challenges that residents face in finding affordable and accessible housing in the city.

Conclusion

In conclusion, the population history of Folsom, California is a fascinating journey that reflects the city’s growth and development over the years. From its early days as a mining town to its transformation into a bustling suburb, Folsom has seen significant changes in its population size and demographics. By studying this history, we gain valuable insights into the factors that have shaped the city and its residents. As Folsom continues to evolve and expand, understanding its population trends can help us make informed decisions about future development and planning. By preserving the rich history of Folsom’s population, we ensure that future generations can appreciate the city’s heritage and legacy.