Newport Beach, incorporated in 1906, is an affluent city in Orange County, California, 10 miles (16 km) south of downtown Santa Ana. The population was 85,287 at the 2010 census. Newport Beach is also home to Newport Harbor.
The city’s median family income and property values consistently place high in national rankings. The Daily Pilot, a newspaper published in the neighboring city of Costa Mesa but which serves the greater Newport-Mesa community, reported in 2010 that more than a quarter of households have an income greater than $200,000, and the median value for homes is approximately $1 million.
Newport Beach is home to one Fortune 500 company, insurer Pacific Life. Other companies based in Newport Beach include Acacia Research, Conexant, Galardi Group (Wienerschnitzel, The Original Hamburger Stand, and Tastee-Freez) Jazz Semiconductor, and PIMCO. Fletcher Jones Motor Cars in Newport Beach is the largest Mercedes-Benz dealership in the world. At one time Edwards Theatres had its headquarters in Newport Beach. Before its dissolution Air California was headquartered in Newport Beach. The city’s largest law firm is Stradling Yocca Carlson & Rauth, with approximately 75 attorneys at its Fashion Island location.