Home Tech News There is one US tech hub where the cost of living is below the country wide average
Tech News - April 19, 2019

There is one US tech hub where the cost of living is below the country wide average

While there are signs that some big tech companies are increasing outside the expensive San Francisco Bay Area, a new record from jobs website online Indeed suggests they aren’t straying too some distance from their roots.

Nearly a 3rd of the tech jobs published on Indeed last 12 months had been positioned in only eight metro areas with a population of at the least 1 million. These tech hubs are lots more similar than different: Six of them are at the east or west coast. All lean left politically. But most effective one—Raleigh, North Carolina—has a price of living underneath the country wide common.

The southern US city, surrounded by way of high-studies universities, has an up-and-coming entrepreneurial tech scene. And in contrast to San Francisco, in which the median domestic rate is around $1.Three million, in Raleigh the median list fee for homes is below to $330,000.

Despite rising exertions and housing expenses in the different US tech hubs, 31.7% of all new tech jobs in 2018 had been placed inside the eight huge metros identified by way of Indeed, up from 31.1% percent in 2017.


The excessive demand for specialised talents in fields like artificial intelligence and IT helps give an explanation for the short boom of tech jobs in these hubs. Not quite, Indeed located that the Bay Area, lengthy the dominant participant in tech, has the very best awareness of high-paying, rapidly expanding tech jobs which includes information scientists and cloud engineers, while Washington DC has a foothold on IT and community security professionals.

Overall, the tech industry accounted for six.6% of Indeed task postings in metros with populations over 1 million, as opposed to simply three.3% inside the metros with as a minimum 1 / 4 million human beings.

The data allows illustrate how tech wealth continues to be focused in very few coastal cities.

But the huge paychecks in these hubs are perhaps now not as moneymaking as they appear. While salaries are excessive in cities like San Francisco and Seattle, they regularly move directly returned to exorbitant rents and $15 salads. To make their pay pass farther, task seekers may also need to look out of doors of the eight biggest hubs for more opportunities.

Smaller hubs identified with the aid of Indeed consist of Ann Arbor, Michigan; Durham-Chapel Hill, North Carolina; Huntsville, Alabama; Colorado Springs, Colorado; and Palm Bay-Melbourne-Titusville, Florida.

Though they lack the project-capital funding and deep technical abilities of the huge hubs, the smaller tech areas, consistent with Indeed, have a tendency to be greater less costly and, as a set, are greater various geographically, economically, and politically than the huge hubs. Indeed notes that five of the 10 leading smaller tech hubs voted for Donald Trump over Hillary Clinton in 2016, while Clinton took each of the eight largest hubs by at the least a 10-factor margin.

Located near navy facilities and universities, many of these smaller tech facilities provide extra of a combination of jobs, which may be tougher to locate in especially saturated tech markets. That’s first-rate for both employers and employees who are searching out some thing a little specific.

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