51 California Business Stats & Facts For 2025

Here are 51 business stats about California for 2025.

Basics:

Population: 38,965,193 (US Census 2020)
Population desnity per square mile: 253.70
GDP: $3,862,171 (millions USD)
GDP Per Capita: $100,038
Median household income (in 2022 dollars): $91,905
Real GDP Growth Rate: 2.10%
Total Employment: 21.2m
Unemployment Rate: 4.3%

Rankings

% Share of National Economy: 14.11%
State Economic Growth Rank (out of 50): 4
Population Growth Rank (out of 50): 45
Business Growth Rank (out of 50): 4
State Growth Rank in Employment (out of 50): 41

Biggest Industries In California By Revenue

1. Electronic Part & Equipment Wholesaling: $260.7b
2. Drug, Cosmetic & Toiletry Wholesaling: $211.7b
3. Health & Medical Insurance: $184.6b
4. Hospitals: $170.6b
5. Automobile Wholesaling: $148.6b
6. Public Schools: $147.2b
7. New Car Dealers: $135.9b
8. Software Publishing: $135.0b
9. Commercial Banking: $115.5b
10. IT Consulting: $113.9b

Biggest Employers In California

1. Amazon.Com, Inc.: 170,000 (0.8%)
2. United States Postal Service: 63,469 (0.3%)
3. The Home Depot, Inc.: 54,159 (0.3%)
4. University of California: 42,000 (0.2%)
5. Naval Base San Diego: 34,000 (0.2%)
6. Walt Disney Co: 30,000 (0.1%)
7. The Kroger Co.: 26,687 (0.1%)
8. Los Angeles County Sheriff’s Department: 20,159 (0.1%)
9. California Department of Transportation: 15,000 (0.1%)
10. Alphabet Inc.: 10,000 (0.0%)

Small Businesses In California

Number of Small Businesses 4,100,000
Percent of bossiness that are small businesses: 99.80%
Number of employees: 7,500,000
Share of Employment: 47.60%
Number of New Businesses In The Past Year: 213,893
Number of Businesses That Closed In The Past Year: 120,730
Net Change In New Businesses: 93,163

Number of Businesses With No Employees: 3,348,085
Number of Businesses with 1-19 Employees: 717,198
Number of Businesses with 20-499 Employees: 83,569
Share of Businesses Owned By Women: 43.20%
Share of Businesses Owned By Veterans: 4.10%
Share of Hispanic Owned Businesses: 24.20%
Share of Businesses Owned By Racial Minorities: 28.30%

Fortune 500 Companies In California

Number of Fortune 500 Headquaters: 53
Biggest Company: Apple
Biggest Company Type: Computers, Office Equipment
Number of Employees: 164,000
Revenue (in millions): $394,328

Taxes In California

State Corporate Tax Rate: 8.84%
State Corporate Tax Rate Brackets: $0

State Sales Tax Rate: 7.25%
State Sales Tax Rank (out of 50): 1
Average Local Sales Tax Rate: 1.60%
Max Local Sales Tax Rate: 4.75%
Average Combined Sales Tax Rate: 8.85%
Combined Sales Tax Rank (out of 50): 8

Minimum State Income Tax Rate If You’re Single: 1.00%
Minimum State Income Tax Rate If You’re Married: 1.00%

General California Population Facts

In civilian labor force, total, percent of population age 16 years+: 63.30%
In civilian labor force, female, percent of population age 16 years+: 57.80%
Share of population which is foreign born: 26.50%
Mean travel time to work (minutes), workers age 16 years+: 29.2

Housing

Number of Housing Units: 14,763,237
Owner-occupied housing unit rate: 55.60%
Median value of owner-occupied housing units: $659,300
Median gross rent per month: $1,856
Households with a computer: 95.90%
Households with a broadband Internet subscription: 91.50%

Education

High school graduate or higher, percent of persons age 25 years+: 84.40%
Bachelor’s degree or higher, percent of persons age 25 years+: 35.90%

Also See

• California Registered Agent Services
• California Secretary of State Business Search
• How To Form an LLC In California
• California Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_California
• https://www.ibisworld.com/united-states/economic-profiles/california/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-CA.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/west/california.htm#eag
• https://www.census.gov/quickfacts/fact/table/CA,US/PST045223
• https://www.50pros.com/fortune500