Seattle: America’s fastest-growing tech hub

A diverse economy and lower cost of living are driving major tech sector gains.

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Sep 8, 2017, 11:39 AM

Silicon Valley may be the biggest tech hub nationwide, but cities across the U.S. are carving out a name for themselves. Los Angeles is the most diverse, Orange County sports among the most patents, and Seattle? The fastest growing.

Of the eight biggest metro areas in the U.S. with the highest share of tech job postings, Seattle is the nation’s fastest-growing tech hub, according to a new study from Indeed.com.

Seattle has seen nearly an 11% increase in its share of tech-job openings compared to 2016. That far surpassed any other major tech hubs measured in the study (of those with at least one million people).


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What’s bringing tech talent to Seattle?

Simply put: A creative climate, a plethora high paying jobs and a lower cost of living than its Bay Area neighbors to the south. Not to mention no state income tax in Washington State.

Affordability

Buying a condo in Seattle costs 60% less than in Silicon Valley, while renters save an average of 42% on annual rent costs. And it isn’t just housing where you can save. Living in Seattle, you’ll save nearly $1,000 per year on groceries.

Jobs

Not only are Seattle tech companies bringing in more and more jobs, they’re paying a premium to those who land them. 57% of local tech openings are for high-salary jobs (paying more than $100,000 annually).

In Seattle, sought-after software engineers earn on average $132,000 a year—the second-highest rate in the country.


What’s the future hold?

On the backs of two local tech giants, an expanding e-commerce sector and tremendous tech job demand, Seattle should continue its ascent in the tech world. Market conditions will likely continue to attract more and more top tech talent for years to come given the ongoing demand for high paying jobs across the state.



Research: Alex Muir| Editor: Michael Cronin