{"id":8456,"date":"2017-01-20T07:00:30","date_gmt":"2017-01-20T13:00:30","guid":{"rendered":"https:\/\/www.abodo.com\/blog\/?p=8456"},"modified":"2023-07-26T14:10:59","modified_gmt":"2023-07-26T19:10:59","slug":"the-best-cities-for-tech-jobs","status":"publish","type":"post","link":"https:\/\/www.rentable.co\/blog\/the-best-cities-for-tech-jobs\/","title":{"rendered":"Cost & Opportunity: Tech Jobs"},"content":{"rendered":"

One of the biggest challenges of relocating is deciding where to go, through carefully weighing the potential earnings and expenses. Helping people find their ideal place to live is Rentable<\/a>\u2019s main concern, so we\u2019re constantly looking for news ways to help renters navigate the upsides and drawbacks of cities.<\/p>\n

Recently, we identified the Best Cities for Job Seekers<\/a> among the 25 largest cities and the five fastest-growing careers. But the cities with the most jobs aren\u2019t always the cities that are the best fit for renters. For example, San Francisco is time and again named one of the top cities in the country for tech job opportunities. But renters there also pay the highest rates in the nation<\/a>, at $3,526 for the average 1-bedroom, according to Rentable data.<\/p>\n

This time, we\u2019ve analyzed a total of 76 metropolitan statistical areas for computer and math job density, median salary in those positions, and median 1-bedroom rent price.<\/p>\n

Plotting each city\u2019s values gives us a good picture of in which factor cities excel. San Jose\u2013Sunnyvale\u2013Santa Clara, for example, blows every other city out of the water when it comes to employment, with nearly 125 computer and math jobs per 1,000 total \u00a0jobs in the metro area. San Francisco\u2013Redwood City\u2013South San Francisco, as expected, is relatively close behind, with about 79 jobs, followed by Washington\u2013Arlington\u2013Alexandria (77) and Seattle\u2013Bellevue\u2013Everett (76).<\/p>\n

The other axis \u2014 a ratio of computer and math occupation income to 1-bedroom rent prices \u2014 shows an entirely different set of cities surpassing the \u201ctech hubs.\u201d Computer and math workers in Detroit\u2013Dearborn\u2013Livonia \u00a0earn 12 times more in income than they\u2019re paying in rent. Those in Toledo are earning about 10 times more. Tucson, Columbus<\/a>, Bakersfield, Albuquerque, Wichita, and Cleveland\u2013Elyria all earn more than 9 times what they\u2019re paying in rent.<\/p>\n

To make sense of this breadth of information and show which areas enjoy the best of both worlds, we created a ranking, with employment weighted 75% and the income-to-rent ratio 25%. Some familiar names still top the list: San Jose\u2013Sunnyvale\u2013Santa Clara, Seattle\u2013Bellevue\u2013Everett, Washington\u2013Arlington\u2013Alexandria, and San Francisco\u2013Redwood City\u2013South San Francisco place in the top four. Austin<\/a>\u2013Round Rock, an area often acclaimed for having one of the country\u2019s fastest-growing tech scenes<\/a>, lands at #5, with nearly 65 computer and math jobs per 1,000 and workers whose earnings are nearly 7 times the cost of rent. Durham\u2013Chapel Hill, Colorado Springs, Raleigh, Columbus, and Detroit<\/a> round out our top 10.<\/p>\n

At the absolute bottom of our list lies another California metro area: Riverside\u2013San Bernardino\u2013Ontario, where tech workers earn five times more than the average 1-bedroom rent, but there are just 11 jobs per 1,000 to go around. Miami<\/a>\u2013Miami Beach\u2013Kendall, Corpus Christi, and Urban Honolulu didn\u2019t fare much better. (For a full list of metro areas, their scores, salary, rent, and employment, see the full data set.<\/a>)<\/p>\n

METHODOLOGY<\/h3>\n

We used 2015 data from the U.S. Bureau of Labor Statistics on employment per 1,000 jobs and median annual wages for all mathematics and computer occupations by metropolitan statistical area and paired it with Rentable data on median 1-bedroom rent prices. To calculate the income-to-rent ratio for each MSA, we divided the median annual wages by 12 to get a median monthly wage, then divided the result by the current median 1-bedroom rent price for the area. We then scaled both the employment per 1,000 jobs and the income-to-rent ratio to give each a relative value between 0 and 10. The final score is a weighted sum of the scaled values, with employment per 1,000 jobs carrying a 75% weight and income-to-rent ratio 25%.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the biggest challenges of relocating is deciding where to go, through carefully weighing the potential earnings and expenses. Helping people find their ideal place to live is Rentable\u2019s main concern, so we\u2019re constantly … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":23,"featured_media":8487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[148],"tags":[123,122,124,74,121,33],"_links":{"self":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/8456"}],"collection":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/comments?post=8456"}],"version-history":[{"count":9,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/8456\/revisions"}],"predecessor-version":[{"id":21374,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/posts\/8456\/revisions\/21374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media\/8487"}],"wp:attachment":[{"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/media?parent=8456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/categories?post=8456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rentable.co\/blog\/wp-json\/wp\/v2\/tags?post=8456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}