Saturday, January 10, 2015

San Jose Stats: Silicon Valley Cities Topped NYC for Spending

When you think of heavy consumer spending, New York is likely one of the first cities that comes to min. However, it looks like Silicon Valley is quickly pulling ahead with this metric... whether that is a good or bad thing I'm not so sure.

In New York, the average spend per shopping transaction is a hefty $239.85. However, it is $345.09 in Palo Alto, $314.50 in Mountain View, $278.30 in Sunnyvale, and $266.46 in Fremont. That make four Silicon Valley cities that now surpass New York in consumer spending per transaction. Not far behind New York is SF at $235.90 and San Jose at $216.86. So of the top 10 cities with the highest consumer spending, five were in Silicon Valley.

Source: SVBJ

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