2023 Riverside County Economic Profile

TABLE OF CONTENTS

5 Northwest Region The largest region in terms of population and contains the county’s three largest cities: Riverside, Corona and Moreno Valley. It also includes the cities of Eastvale, Jurupa Valley, Norco, and Perris, along with the unincorporated communities of Home Gardens, Highgrove, and Mead Valley. 8 Southwest Region Includes the cities of Temecula, Murrieta, Lake Elsinore and the unincorporated communities of French Valley, Lakeland Village, Anza, and Wine Country. 9 Hemet-San Jacinto Region The region covers the cities of Hemet and San Jacinto and includes the unincorporated communities of Nuevo, Homeland, Valle Vista, Idyllwild and Winchester. 3 Riverside County Map Exploring the regions of Riverside County. 12 San Gorgonio Pass Region Covers the cities of Calimesa, Banning, and Beaumont, along with the unincorporated communities of Cabazon, Cherry Valley, and Whitewater. 13 Eastern Region The Coachella Valley includes the cities of Cathedral City, Coachella, Desert Hot Springs, Indian Wells, Indio, La Quinta, Palm Desert, Palm Springs and Rancho Mirage. The Coachella Valley also covers the unincorporated communities of Bermuda Dunes, Desert Edge, Indio Hills, Mecca, North Shore, Oasis, Sky Valley, Desert Palms, Thermal, Thousand Palms, Vista Santa Rosa, and Blythe in the Palo Verde Valley. 15 Regional Advantages 7,300 square mile county stretches from its western border adjacent to Orange County to the Colorado River at the eastern border, adjacent to the Arizona border.

18 Gross Regional Product (GRP) & Industries Riverside County’s thriving economy, driven by its fastest growing industries of healthcare, logistics, and technology, boasts a GRP larger than 13 states and attracts businesses to the area.

24 Business Establishments

The region has a top-ranked economy generating billions in production and exports, attracting global companies for their headquarters or regional offices.

Labor Force California has the largest state workforce with nearly 20 million and is one of only 4 states with a workforce over 10 million people.

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28 International Trade Facts

An integral part of the global economy, with countries exchanging goods and services across borders to meet the needs of consumers worldwide. Riverside County’s exports totaled $4 billion, with top exports including computers and electronic products, transportation equipment, and machinery.

29 Population & Income

Riverside County, is the 4 th largest county in California and the tenth largest county in the United States, with a bustling population of 2,439,234 people.

30 Home Price Data

According to the California Department of Finance from April 2020 to January 2022, Riverside County’s housing increased by 12,339 units, ranking as the third fastest growing county in California, after Los Angeles and San Diego. Education Access to education is a top priority in Riverside County, California, as evidenced by the significant number of kindergarten through twelfth grade and college students enrolled. 31