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ePaper created 2016-08-26, 01:10:59 | version 1.37.00
12 Foster City living!LOCAL™ City Guide Families make up over two- thirds of Foster City households, which have increased in average size since 2000. The prominent and growing presence of family households in Foster City serves as a solid demand base for neighborhood-serving shopping centers. According to the California Department of Finance (CDOF) estimate, Foster City had a population of 31,1514 as of January 1, 2013. By January 1, 2014, the population was 32,168 – a growth rate of 3.3%. The most recent census estimates are from July 2012 and show a population of 32,129 residents. According to census data, Foster City grew 6% from 2000- 2010 and is projected to grow another 3% in ten years. Most households in Foster City are homeowner households. Foster City has high proportions of single-family attached and multifamily housing units. What distinguishes Foster City from San Mateo County and the Bay Area is the City’s high proportions of attached single- family homes and multifamily housing units. DEMOGRAPHICS Approximately 20 percent of the City’s housing stock is comprised of single-family attached compared to nine percent for San Mateo County and the Bay Area. Approximately 42 percent of Foster City’s housing stock is comprised of multifamily units, primarily of townhomes, apartments and condominiums. Income and Education Foster City households have a significantly higher median income than San Mateo County or Bay Area households. Foster City residents are highly educated. Just over 60 percent of residents have received a bachelor, masters, professional, or doctorate degree. Age Distribution The bulk of Foster City residents are in their late 30’s to early 50’s, as are County and Bay Area residents. In all geographies, the bulk of residents,about 30 percent,are in their late 30’s to early 50’s, though this proportion is slightly higher in Foster City where nearly one-third of all residents fall into this age group. Nearly one-quarter of Foster City residents are under 18. Foster City’s share of children under the age of 18, at 23 percent, is nearly even with the County and the Bay Area, where 22 percent of residents are children. Foster City is home to nearly 30,567 active, highly educated residents.