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San Francisco is so expensive that people are starting to look at these 10 US cities as the next tech hubs - here's how much local employees are making
San Francisco is so expensive that people are starting to look at these 10 US cities as the next tech hubs - here's how much local employees are making
Avery HartmansMay 12, 2018, 18:21 IST
Silicon Valley has long reigned as the tech capital of the US.
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But as the cost of living continues to skyrocket, San Francisco Bay Area residents are fleeing the region in droves. In fact, San Francisco lost more residents than any other US city in the last quarter of 2017.
For many, it's time to start looking for other options - but where?
Compensation monitoring site Comparably narrowed it down to the 10 cities that are emerging as new tech hubs. Comparably also compiled the local salaries of some of the most popular tech jobs by analyzing more than 8,000 anonymized salary records from employees at U.S. tech companies.
Here are the 10 emerging tech hubs from around the country, along with what local employees make each year.
Atlanta, Georgia is home to Coca-Cola, UPS, and Home Depot, but it's also becoming a tech hot-spot.
Here are the average salaries in Atlanta:
Junior developer: $68,330
Developer: $86,214
Senior developer: $112,573
IT Manager: $120,695
Project Manager: $102,390
Sales representative: $113,576
According to Comparably, the median rent for a one-bedroom is $1,010 per month, while a two-bedroom will run you $1,160 per month.
Baltimore, Maryland is surrounded by several universities, and its tech talent pool rose 42% between 2010 and 2013.
Here are the average salaries in Baltimore:
Junior developer: $70,925
Developer: $96,290
Senior developer: $124,201
IT Manager: $115,927
Project Manager: $104,853
Sales representative: $126,255
According to Comparably, the median rent for a one-bedroom is $940 per month, while a two-bedroom will run you $1,180 per month.
Boulder, Colorado continues to attract tech talent and venture capital funding from major cities across the US.
Here are the average salaries in Boulder:
Junior developer: $69,013
Developer: $90,688
Senior developer: $123,027
IT Manager: $105,123
Project Manager: $102,168
Sales representative: $107,925
According to Comparably, the median rent for a one-bedroom is $1,140 per month, while a two-bedroom will run you $1,400 per month.
The tech scene in Chicago, Illinois is starting to pick up — in fact, it was recently ranked as one of the top tech innovation hubs in the world by KPMG.
Here are the average salaries in Chicago:
Junior developer: $71,404
Developer: $89,366
Senior developer: $120,018
IT Manager: $117,726
Project Manager: $108,383
Sales representative: $110,806
According to Comparably, the median rent for a one-bedroom is $1,070 per month, while a two-bedroom will run you $1,260 per month.
Austin may be known as a top startup city, but Dallas, Texas was recently ranked as the 11th most-high tech city in the world.
Here are the average salaries in Dallas:
Junior developer: $70,664
Developer: $84,525
Senior developer: $113,278
IT Manager: $121,326
Project Manager: $106,848
Sales representative: $112,605
According to Comparably, the median rent for a one-bedroom is $880 per month, while a two-bedroom will run you $1,100 per month.
Denver, Colorado is consistently ranked one of the best places to live in the US, which has contributed to its steadily growing tech scene.
Here are the average salaries in Denver:
Junior developer: $68,748
Developer: $90,761
Senior developer: $122,929
IT Manager: $103,927
Project Manager: $102,013
Sales representative: $108,979
According to Comparably, the median rent for a one-bedroom is $1,040 per month, while a two-bedroom will run you $1,310 per month.
Minneapolis, Minnesota is a home base for giants like UnitedHealth and Medtronic, which is contributing to the city's thriving health-tech startup scene.
Here are the average salaries in Minneapolis:
Junior developer: $66,481
Developer: $85,078
Senior developer: $112,261
IT Manager: $118,573
Project Manager: $107,196
Sales representative: $115,512
According to Comparably, the median rent for a one-bedroom is $900 per month, while a two-bedroom will run you $1,140 per month.
Phoenix, Arizona has one of the largest tech labor pools in the country. Plus, the city's higher tech wages and lower office rates are contributing to the tech scene's growth.
Here are the average salaries in Phoenix:
Junior developer: $72,108
Developer: $85,216
Senior developer: $116,027
IT Manager: $96,781
Project Manager: $88,894
Sales representative: $96,157
According to Comparably, the median rent for a one-bedroom is $820 per month, while a two-bedroom will run you $1,030 per month.
Portland, Oregon — nicknamed the Silicon Forest — continues to attract top tech talent and was named Forbes' best place for business and careers last year.
Here are the average salaries in Portland:
Junior developer: $68,608
Developer: $87,328
Senior developer: $118,002
IT Manager: $117,856
Project Manager: $98,737
Sales representative: $92,473
According to Comparably, the median rent for a one-bedroom is $1,130 per month, while a two-bedroom will run you $1,330 per month.
Washington, D.C. boasts some of the most educated residents in the US, and ranks as one of the best places in the country to start a business.
Here are the average salaries in Washington, D.C.:
Junior developer: $71,186
Developer: $96,087
Senior developer: $125,370
IT Manager: $118,886
Project Manager: $105,319
Sales representative: $131,598
According to Comparably, the median rent for a one-bedroom is $1,310 per month, while a two-bedroom will run you $1,510 per month.