The 2025 Silicon Valley Index from Joint Venture Silicon Valley has just dropped, and it’s packed with insights. This annual report is like a love letter to our region, highlighting the strengths, challenges, and incredible potential of Silicon Valley—with San Jose right at its heart. Let’s dive into some of the standout takeaways that show why our city is a powerhouse of innovation, diversity, and opportunity.
First off, Silicon Valley’s population is holding steady after a few rollercoaster years, with a tiny but mighty 0.2% growth spurt. San Jose, as the biggest city in Santa Clara County, is a key player in this stability. We’re a magnet for talent from around the globe, with 41% of our population being foreign-born—a historic high. In tech, that number jumps to 66%, with 70% of those workers hailing from India or China.
Employment here isn’t booming like the old days, but it’s not shrinking either. The Index notes a slight dip of 0.1% (just 1,200 jobs), keeping us just above pre-pandemic levels. Compare that to San Francisco, still lagging 8% below its 2019 mark, and you’ll see San Jose’s resilience shining through. Our community infrastructure and services sector—like healthcare, retail, and education—has added a whopping 155,000 jobs since 2020, making up 51% of our workforce. Plus, startups in software and biotech are growing fast, up 9.3%. San Jose’s tech scene is still the place to be!
The innovation ecosystem? Still red-hot. Silicon Valley and San Francisco together raked in $69 billion in venture capital last year—doubling 2023’s haul. San Jose’s tech giants and startups are leading the charge, especially in artificial intelligence, where generative AI startups snagged $22 billion. We still account for over 50% of the nation’s venture capital and 37% of its angel investments. Our inventors also set a new record with 23,600 patents. That’s the kind of creativity that keeps San Jose on the global map!
Unfortunately, it’s not all smooth sailing. Housing remains a tough nut to crack, with median home prices hitting $1.92 million in 2024. Fewer than 26% of first-time buyers can afford that, and only 4,900 new units were permitted last year—the lowest in over a decade. Still, San Jose’s leaders are tackling this head-on, and the Index hints at a shift: tech firms are hiring here but also expanding elsewhere, which could ease some pressure as we figure out solutions.
On the flip side, our diversity and education stats are something to cheer about. Asians now make up 37% of the population, while 56% of adults hold a bachelor’s degree or higher—way above state and national averages. “The region is well educated and linguistically diverse: 53 percent speak a language other than English at home,” the report says, and San Jose’s vibrant multicultural fabric is a big part of that story.
Sustainability is another win. Solar power capacity hit 1,100 MW in 2024, and greenhouse gas emissions dropped by 690,000 metric tons over five years—equivalent to 206 wind turbines running for a year. San Jose’s green initiatives are paving the way for a cleaner, brighter future.
Silicon Valley—and San Jose especially—is in a state of flux. However, we’re not just resting on our laurels; we’re adapting, innovating, and growing stronger.
