Least affordable place for tech workers? Silicon Valley


Pinto believes the spread of remote work will only accelerate migration from the Bay Area. With new workplace flexibilities, tech workers have a choice between high-cost regions near their offices and low-cost regions with bigger houses and remote work. — 123rf.com

Techies flock to Silicon Valley for jobs, weather, great food, art and nightlife, but for some one thing is missing: a home they can afford.

Despite high salaries and world-class amenities, San Jose is the least affordable place for tech workers to buy a home. A new analysis by the American Enterprise Institute found the typical tech worker and his or her partner – with two incomes totaling US$200,000 (RM809,100) – can afford just 12% of the homes for sale in the San Jose metro area.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Silicon Valley , work from home

   

Next In Tech News

Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says
AirAsia’s Tony Fernandes wants Microsoft compensation for the CrowdStrike outage: ‘If I delay my flight, you would come after me for a refund’
Tip: To hide your Internet activity or your IP address, use a virtual private network
Ether set for biggest daily fall in three months, no US ETF bounce
Revolut gets UK banking licence, ending three-year wait
Can Hong Kong try to copy Silicon Valley’s ways to create more technopreneurs?
US lawmakers urge Meta to delay shutting down transparency tool
‘Weird or wonderful?’ Simulated babies made and sold online by Singapore mother provide comfort, joy and questions
New Japan film camera aimed at ‘nostalgic’ young fans
Shopper sees man record her in dressing room, then starts chasing him, US cops say

Others Also Read