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Economic Development

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About Economic Development

Economic Development is a program or groups of policies designed to improve the economic well-being and quality of life for a community by creating and retaining jobs that facilitate growth and provide a stable tax base.

 

Lathrop Economic Profile

  • Located aside Interstate 5, one of the major freeways in California and the major north-south freeway along the entire West Coast
  • Within the metro triangle, which is bounded by the Bay Area, Stockton and Sacramento
  • Centrally located within a 30-minute commute of Tracy, Manteca, Stockton, Lodi, Lathrop, Livermore and Pleasanton
  • Population of 22,112 (as of 1/1/2016-DOF) with an average household income of $62,267
  • Strategically centered between the Stockton, Manteca, and Tracy submarkets within San Joaquin County, which has a current population of neary 750,000
  • New housing prices for an average 2,000 square foot home are in the $450,000 to $500,000 range
  • Strong demand for housing from the Bay Area..moving to affordability
  • Currently over 40,000 vehicles per day commute over the Altamont Pass into the Bay Area for employment

In 2017 Lathrop had the fifth largest percentage of household population growth in California.

Population Data

Education Data

Income and Employment Data

Overview of Economic Potential

  • Centrally located within a 30-minute commute of Tracy, Manteca, Stockton, Lodi, Lathrop, Livermore and Pleasanton
  • One of Northern California's fastest growing and most comprehensive Master Planned Communities
  • Prime power center sites available at I-5/Louise Avenue and I- 5/Lathrop Road
  • Motivated staff committed to assist and expedite the development process
  • A City at the cusp of extensive residential and commercial growth

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