According to a new study, the best places to live and work for technology professionals are not found in San Francisco or even on the west coast, providing insight into the changing labor market in the country's technology sector.
According to the study, the cities of the southern states occupy the first places published Tuesday by the Computing Technology Industry Association, a professional group of information technology sector based in Illinois. The study ranked locations based on job opportunities, projected growth in employment and cost of living.
Charlotte took first place, followed by Raleigh and Austin. The south poles of Dallas, Atlanta and Huntsville, Alaska, also figured in the top 10 of what the study described as a geographically diverse list, highlighting the demand for technology professionals outside of traditional hot spots in California and in the state of Washington.
But the usual suspects have also made the list. San Jose and San Francisco are ranked # 4 and # 5, offering technology workers a higher median salary, but a higher cost of living 44% and 64% above the national average. In comparison, Charlotte ranks first, with a median salary of $ 87,755 in the technology sector, and her cost of living is 1.3% below the national average. The median IT salary in San Jose is $ 122,242 and $ 110,448 in San Francisco.
According to the study, more people left San Francisco than any other city in the last few months of last year, due to the notoriously high prices of its housing. However, CompTIA's research shows that the city remains strong economically and offers many job opportunities. According to the study, more than 112,000 IT jobs were published between August 2017 and July 2018, making it the second highest among metropolitan areas. And this demand is expected to increase by 15% over the next five years, according to the CompTIA research project. "Opportunities in these areas continue to skyrocket faster than housing costs," the study said.
The study found that the Charlotte metropolitan area has experienced double-digit population growth over the past decade, in part due to the growth of the technology industry in this region. According to the study, the city's financial sector employers, including Wells Fargo, Bank of America and Ally Financial, are among the country's leading banking centers. And if the median wages of technologists are not as high as those offered on the West Coast, the lower than average cost of living means that workers have more disposable income, making it an attractive destination and place of choice.
Number two, Raleigh has a similar profile with an even lower cost of living and a mix of startups and tech giants, such as IBM and Verizon, from which technology workers can choose. The study predicts that Raleigh and Charlotte will experience an 11% growth in jobs in the information technology sector over the next five years.
Third rank, Austin stands out in several categories, according to the study. The city posts the highest expected growth in employment, 15%, rivaling the Bay Area. The study also highlights Austin's new business scene and the city's reputation as a cultural paradise.
The study is based on the technology industry job postings published last year in 20 US metropolitan areas. Cities, selected because of the higher demand for technicians, were then ranked by cost of living, number of jobs in the open technology sector, and projected job growth in the short to medium term. , according to the study.