The release of the Silicon Valley Index Report brought significant attention to housing, artificial intelligence, and income inequality.

The report revealed that just nine individuals in Silicon Valley control 15% of the area’s wealth, while the wealthiest 1%—about 9,000 people—hold nearly half of it. Additionally, the region has the widest wage and income disparities in the country.

“A lot of my childhood friends have had to leave the area,” said Jocelyn Barker of San Jose.

According to the survey, Silicon Valley’s average per capita income stands at $157,000 per year, ranking among the highest in the nation.

Migration trends show that 12,000 people moved into the region last year, while nearly 19,000 left. The index also noted that 21% of the valley’s population is foreign-born, with 66% of local tech workers coming from other countries. Tech employees make up 28% of the region’s residents, but despite the industry’s profitability, companies are hiring fewer workers.

“The focus used to be rapid growth, but now it’s all about efficiency, which is driving massive profits but leading to slow or stagnant regional growth,” said Russell Hancock, CEO of Joint Ventures Silicon Valley.

The report also highlighted that venture capital investment in the region has doubled compared to the previous year.