The Good Side Promising Economy The economy of the city centers on oil and agriculture. The city is one of the top producers of agricultural products like citrus, carrots, cotton, grapes, roses, and alfalfa. San Joaquin Valley, a part of the city, has also been creating jobs based on agriculture. Bolthouse Farms and Grimmway Farms are the biggest carrot growers in the country. Oil is also the backbone of the Bakersfield economy. It produces 75% of crude oil in the whole of California. It is the city’s largest source of employment and income, too. The Midway-Sunset Oil Field in Bakersfield is one of the largest sources of oil in the United States. Oil production alone created 16,000 jobs. Renewable energy is also thriving in this city. Kern County generates almost 50% of the state’s renewable energy. It also has the most significant wind and geothermal facilities. A solar field facility is also present in Bakersfield. Diverse industries Aside from oil and agriculture, other industries make up the city’s economy. Manufacturing, distribution, and healthcare sector generate jobs, as well. Bakersfield has a lucrative manufacturing sector that involves ice cream, stock racing, and vacuum systems. Its ice cream production is even one of the biggest in the world. Increase job growth and employment Growth in the job market is very promising in Bakersfield. Over the past decade, the city has exhibited an almost 10.6% employment rate. Employment growth is also following an upward trend than can reach around a 24.2% increase. Companies like Grimmway Farms, Allied Universal, Webster Bank, and Aera Energy created jobs for the residents. Many millennials move to the city because of its job market. The Bad Side Income below the national average Even though plenty of industries generate employment in Bakersfield, the monthly wage is less competitive. It is lower than the rate received by workers in major cities in California. A typical worker can earn as much as $60,000 or less than $20 per hour. You must be wise or frugal with your earnings to live comfortably in this city. The lowest hourly rate is $14, while the highest you could receive is $20. If you factor in rent and essential commodities, there will be fewer savings. Living costs are more affordable, but you still enjoy the great California life. Bakersfield is a cheaper alternative if you want to live the California dream. Its easy access to Los Angeles, San Diego, and San Francisco make a living in Cali desirable.