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California: Economics 2
So far, with the progress California makes, and immigrants being assured of the sweet promise of 'milk and honey', California is almost like a state of extremes when it comes to the talk of per capita personal income. Per capita personal income is how much income an individual earns, usually measured over a year (annually). The PCPI can determine a state or a county's feasibility for new business opportunities (after all, if every person has enough money to spend; then there should be no problem with the market, save for dealing with the market niches, monopoly and what not). As of 2007, PCPI has reached an amount around 40000 dollars, ranking the state in 11th place in the nation.

Usually, the extremes are separated by geographical boundaries. While city folks (especially Hollywood actors) could easily reach the projected PCPI (and even surpass it a few times over), the people in the farms and in the valleys could barely make their ends meet (how much more in reaching the projected PCPI?) But with this contrast, Central Valley remains to be the most cheapest of the whole of California, while the same cannot be said of Los Angeles proper, Beverly Hills, etc.

California also suffers from heavy tax laws, with tax reaching up to 10.66 dollars per one hundred dollars you use to buy things with. This is expected to increase within the next few years, in order to keep up with the current crisis.

Housing has also been a big issue when moving in to California. Median prices often reach to as high as half a million, and nearing six hundred thousand dollars. This one is for the high-profile cities, where the cost of living is understandably high. And again, agricultural hub Central Valley has the lowest of median prices of only three hundred thousand dollars, half of what you pay for in the city.


 
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