Many people commute to work in businesses in San Francisco who don’t live there. I would expect GDP per capita to be misleading in such cases for some purposes.
Broadening to the San Francisco-San Jose area, there are 9,714,023 people with a GDP of $1,101,153,397,000/year, giving a GDP/capita estimate of $113,357. I know enough people who commute between Sunnyvale and San Francisco or even further that I’d expect this to be ‘more accurate’ in some sense, though obviously it’s only slightly lower than your first figure and still absurdly high.
But the city of San Francisco likely has a much smaller tax base than its putative GDP/capita would suggest, so provision of city based public services may be more difficult to manage.
Many people commute to work in businesses in San Francisco who don’t live there. I would expect GDP per capita to be misleading in such cases for some purposes.
Broadening to the San Francisco-San Jose area, there are 9,714,023 people with a GDP of $1,101,153,397,000/year, giving a GDP/capita estimate of $113,357. I know enough people who commute between Sunnyvale and San Francisco or even further that I’d expect this to be ‘more accurate’ in some sense, though obviously it’s only slightly lower than your first figure and still absurdly high.
But the city of San Francisco likely has a much smaller tax base than its putative GDP/capita would suggest, so provision of city based public services may be more difficult to manage.