And as you mentioned a majority is a Mortgage Banking/Real Estate/Builder based economy. All of which have made our Sacramento area one of the few BUBBLES in our country that have got back on track since the 2007 collapse and have formed a stable market place that allows ALL industries in our area to prosper.
Our biggest employer here is the State of California. We are the state capital!
Plenty of hospital's around employ plenty of people, plus regular retail establishments, school districts, lawyers, etc. Government is by far the biggest. And we are not a horrible commute to San Francisco, and many will make that commute as well.