Slashdot Mirror
America's Most Affordable Cities For Tech Workers: Seattle, Austin, and Pittsburgh (prnewswire.com)
"Seattle tech workers who own their homes can expect to have about $2,000 more in disposable income each month than tech workers in the Bay Area," according to a new study from LinkedIn and Zillow. An anonymous reader writes:
"For technology workers who rent, Seattle, Austin and Pittsburgh, Pennsylvania came out on top among the housing markets analyzed, with the Bay Area at #4..." the two companies reported. "Salaries for other industries don't hold up as well in the San Francisco area, though. Even highly-paid finance workers keep only about 32 percent of their incomes after paying for housing and taxes. In Charlotte or Chicago, they can pocket a median of 61 percent."
The Bay Area's high housing prices are apparently offset by the high salaries paid there to tech workers, according to the study. Even so, both home owners and renters pay roughly half the median income for housing on the west coast, "while a rental in the middle of the country costs more like 25 percent of the median income."
The report also identified the best cities for health workers -- Phoenix, Indianapolis, and Boston -- as well as for finance workers, who do best in Charlotte, Chicago and Dallas. The top 15 cities for tech workers also included those same cities except Chicago and Phoenix, while also including known tech hotspots like Denver, Atlanta, and Washington, D.C. But surprisingly the top 15 best cities for tech workers also included Detroit, Nashville, St. Paul (Minnesota) and Tampa, Florida.
The Bay Area's high housing prices are apparently offset by the high salaries paid there to tech workers, according to the study. Even so, both home owners and renters pay roughly half the median income for housing on the west coast, "while a rental in the middle of the country costs more like 25 percent of the median income."
The report also identified the best cities for health workers -- Phoenix, Indianapolis, and Boston -- as well as for finance workers, who do best in Charlotte, Chicago and Dallas. The top 15 cities for tech workers also included those same cities except Chicago and Phoenix, while also including known tech hotspots like Denver, Atlanta, and Washington, D.C. But surprisingly the top 15 best cities for tech workers also included Detroit, Nashville, St. Paul (Minnesota) and Tampa, Florida.
Silicon Valley is pretty much a wasteland now. A lot of the real innovation is taking place elsewhere in the country. Silicon Valley is full of companies built on advertising, which is a bubble that's bound to collapse. I can't see why anyone would want to move to Silicon Valley when there are far better options available now, including all of the cities listed in the summary and many others.
Article is wrong about Austin. It's very expensive. And there are no jobs for tech workers. And it's dirty. With marauding gangs of looters. Many reports of paranormal activity. High risk of pandemic or terrorist attack. No housing supply.
And no Uber!
No, no. You don't want to move to Austin. Don't even bother checking it out.
Come to Canada, guess what happens when they can buy houses(or family who can do it for them)? The price of housing goes through the roof, and now you can't afford a house or rent. It gets compounded because of the outside real estate investment that goes on too. Vancouver is one of the worst places for this double-whammy, and then there's the whole "empty house" problem(8.8% in Vancouver). Watch Seattle(and Toronto, Ontario), since Vancouver put in a foreign buyers tax they've started buying up there as well.
Om, nomnomnom...