Editing San Mateo County, California (section)

==Economy==
A July 2013 ''Wall Street Journal'' article identified the [[Facebook]] initial public offering (IPO) as the cause of a change in the U.S.' national economic statistics, as San Mateo County—the home of the company—became the top wage-earning county in the country after the fourth quarter of 2012. The article revealed that the [[Bureau of Labor Statistics]] reported that the average weekly wage in the county was $3,240, which is 107% higher than the previous year: "That's the equivalent of $168,000 a year, and more than 50% higher than the next highest county, New York County (better known as Manhattan), which came in at $2,107 a week, or roughly $110,000 a year."<ref>{{cite news|title=How Facebook's IPO Created the Best-Paid County In America|url=https://blogs.wsj.com/corporate-intelligence/2013/07/02/how-facebooks-ipo-created-the-best-paid-county-in-america/|access-date=July 4, 2013|newspaper=The Wall Street Journal|date=July 2, 2013|author-first1=Scott|author-last1=Thurm|url-status=dead|archive-date=24 December 2013|archive-url=https://web.archive.org/web/20131224002434/https://blogs.wsj.com/corporate-intelligence/2013/07/02/how-facebooks-ipo-created-the-best-paid-county-in-america/}}</ref>

As of the fourth quarter of 2021, the median value of homes in San Mateo County was $1,247,070, an increase of 11% from the prior year. It ranked fourth in the U.S. for counties with highest median home value, behind [[Nantucket]], [[Manhattan]], and [[Santa Clara County, California|Santa Clara]].<ref>{{Cite web |title=County Median Home Price |url=https://www.nar.realtor/research-and-statistics/housing-statistics/county-median-home-prices-and-monthly-mortgage-payment |url-status=live |archive-url=https://archive.today/20220415015215/https://www.nar.realtor/research-and-statistics/housing-statistics/county-median-home-prices-and-monthly-mortgage-payment |archive-date=April 15, 2022 |access-date=April 14, 2022 |website=National Association of Realtors|date=January 4, 2019 }}</ref>

Additionally, San Mateo County hosts the headquarters of [[Visa Inc]], [[Sony Interactive Entertainment]], [[Electronic Arts]], [[YouTube]], [[Genentech]], [[GoPro]], and [[Gilead Sciences]], as well as a hub of venture capital firms in [[Menlo Park, California|Menlo Park]] and several other technology-related companies.

In 2016, Peninsula Clean Energy began providing electricity to 20 percent of residential customers, all municipalities, and all small- to mid-size businesses in the county, as a [[Community Choice Aggregation]] program, an alternative to [[Pacific Gas and Electric]].<ref>{{Cite web|url=http://www.mercurynews.com/2016/10/02/san-mateo-county-ditches-pge-starts-buying-cheaper-greener-energy/|title = San Mateo County ditches PG&E, starts buying cheaper, greener energy|date = October 2, 2016|website=The Mercury News}}</ref>