The document summarizes employment trends and quality of life factors in Bakersfield, California. It finds that Bakersfield has experienced strong job growth exceeding national rates from 2005-2012. Major industries like agriculture, energy, and healthcare have helped fuel growth. Cost of living is lower in Bakersfield compared to other California cities, with housing remaining affordable. Bakersfield also offers a mild climate and lower commute times compared to larger metro areas like Los Angeles.

1. Bakersfield, California
Flourishing within Kern County

2. Employment
and
Cost of Living

3. Kern County…Looking
Forward

4. Jobs Momentum Will Extend into 2012
Employment, % change yr ago, 3-mo MA
Sources: BLS, Moody’s Analytics

5. Job Growth In Bakersfield Surpasses U.S.
Non-farm employment
Percent change, year ago
6
4
Bakersfield
2
United States
0
-2
-4
-6 California
-8
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

6. Job Growth Comparison across
California Metros
Non-farm employment
Percent change, year ago
8
6 Bakersfield
United States
4
2
0
-2 San Diego
-4
-6
-8 Los Angeles
-10 Silicon Valley
-12
-14
01 02 03 04 05 06 07 08 09 10 11 12

7. Five-year Job Growth 2005–2010
CA 5yr job growth Overall
rank MSA 2005-2010 rank
1 Bakersfield, CA MSA 104.1 39
2 San Francisco-San Mateo-Redwood City, CA Metropolitan Division 101.6 68
3 San Jose-Sunnyvale-Santa Clara, CA MSA 101.0 89
4 Visalia-Porterville, CA MSA 100.2 108
5 Salinas, CA MSA 98.2 130
Five-year Wage and Salary Growth 2004–2009
5yr wage
CA growth Overall
rank MSA 2004-2009 rank
1 Bakersfield, CA MSA 112.3 12
2 Visalia-Porterville, CA MSA 106.6 38
3 Vallejo-Fairfield, CA MSA 105.4 45
4 Merced, CA MSA 104.9 49
5 San Francisco-San Mateo-Redwood City, CA Metropolitan Division 104.8 50
Overall Index
CA
2011
rank MSA 2010 Rank 2011 Rank
1 Bakersfield, CA MSA 27 47
2 San Jose-Sunnyvale-Santa Clara, CA MSA 132 51
3 San Francisco-San Mateo-Redwood City, CA Metropolitan Division 103 52
4 Merced, CA MSA 168 63
5 San Diego-Carlsbad-San Marcos, CA MSA 76 69

8. Working-Age Population (Ages 18-64)
Growth Relative to 2005

9. Employment & Unemployment
2008-2009 2010-2011 2010 2011
Nonfarm Jobs -15,300 +7,900 +2,300 +5,600

10. Employment Growth Will Be Broad Based
Employment, % change year ago
Sources: BLS, Moody’s Analytics

11. … Due to Makeup of Core Industries
Agricultural and natural resources employment, % of total
Sources: BLS, Moody’s Analytics

12. Oil Prices Spur Natural Resources Jobs
Sources: BLS, Moody’s Analytics, WSJ

13. Low Operating Costs Are an Asset
Cost of doing business, 100=U.S.
Source: Moody’s Analytics

14. Valley Regains Housing Affordability Edge
Housing affordability, % of median house/income
Sources: Moody’s Analytics

15. Housing Prices Remain Low

16. Bakersfield Has Ranked High Among
Best-Performing Cities 2007–2011
Overall rank
0
5
10 12
15 17
20
25 27
30
36
35
40
45 47
50
2007 2008 2009 2010 2011

17. Business Overview
Local Industry Projections
Kern County’s Industry Employment Projected Growth
Top Private Employers 2008 Employment 2018 Percentage
Professional Services 25,000 31,300 25.2%
Company Business Type Number of
Employees Healthcare Services 23,600 33,300 41.1%
Grimmway Enterprises Agriculture 4,600 Transporation/Warehousing 9,600 10,700 11.5%
Giumarra Vineyards Agriculture 3,500 Energy and Natural Resources 10,700 11,400 6.5%
Mercy & Memorial Hospitals Health Care 3,053 Manufacturing 13,700 15,500 13.1%
Wm. Bolthouse Farms Agriculture 2,350 Agriculture 49,600 48,800 -1.6%
San Joaquin Community Hospital 2,100
Hospital
Chevron Oil Production 1,500 Annual Salary Comparison
State Farm Insurance Insurance 1,269 Annual Base Salary City Salary Required to
Paramount Citrus Agriculture 1,000 Maintain Same Quality of
Life in Bakersfield, CA
Aera Energy LLC Energy 950
$50,000.00 Fresno, CA $44,991
Kaiser Permanente Health Care 850
$50,000.00 Los Angeles, CA $36,926
Rio Tinto Minerals-Borax Chemicals 813
Sun World Agriculture 800 $50,000.00 Riverside, CA $43,998
Target Distribution Center Retail Distribution 661 $50,000.00 San Francisco, CA $30,103
Frito Lay Food Processing 632 $50,000.00 San Diego, CA $37,881
$50,000.00 Sacramento, CA $42,753

18. Quality of Life
Climate – Bakersfield and Cost of Living Index
Kern County 180.0%
•Average Annual Temperature 65.3º F 161.3%
160.0% 152.4%
•Average High 76.9º F, Average Low 53.6º F
•January Temperature 140.0% 130.8% 131.1%
•Average High 56.0º F, Average Low 39.0º F
120.0% 110.8% 111.8%
•July Temperature
97.7%
•Average High 97.0º F, Average 70.0º F 100.0%
•Precipitation – Annual Rainfall 5.4 Inches 80.0%
Rent Paid in Kern County 60.0%
40.0%
Rent Total
Percentage 20.0%
Less than $200 2.0%
0.0%
$200 - $299 3.3% Bakersfield Fresno Riverside San Diego Los San Jose San
$300 - $499 9.1% Angeles Francisco
$500 - $749 24.5%
$750 - $999 24.4%
$1,000 - $1,499 24.2%
$1,500 or more 12.5%
Median Rental Cost $855

19. Quality of Life
Gross Domestic Product (GDP) San Joaquin Valley 2001 - 2010
30
2 9.4 2 9.5
2 8.1
25 2 6.5
Bakersf ield
20
1 9.9
1 9.0 1 9.4 Fresno
15 1 5 .7 1 5 .2
Stockton
1 4.7
1 3.5
Modesto
10 1 1 .3
Visalia
1 0.6 1 0.2
7.3
5
0
2001 2006 2010
2011 Annual Commute Pattern Comparisons
Areas Bakersfield Fresno Riverside San Diego Los Angeles
Peak Time Travelers (per day) 300,000 380,000 1.1 million 1.7 million 7.2 million
Freeway Vehicle-Miles of Travel (per day) 2.2 million 3.9 million 23.3 million 37.4 million 132.2 million
Congested Travel During Peak Time (per day) 34% 42% 81% 74% 93%
Time Lost/Peak Traveler (per year) 10 hours 13 hours 31 hours 38 hours 64 hours
Congestion Cost/Peak Traveler (per year) $232 $260 $684 $794 $1,334