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.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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

Amazon asks court to scrap EU tech label, arguing it poses no systemic risks
Oracle shares soar as AI cloud demand propels revenue forecast
While AI gains ground, traditional search engines still have a place, say experts
Report: Online shoppers hit by increasing number of parcel scams, more than 3,500 cases in Q1 2025
EU plans energy saving measures for data centres
Silicon Valley’s role in a surprising missing-person case trend
Crypto exchange Binance opens trading to Syrians after U.S. lifts sanctions
Alibaba staff worked through holiday after DeepSeek breakthrough
Nairobi startup’s bid to be ‘operating system for global South’
TotalEnergies forms AI partnership with French startup Mistral

Others Also Read