Right now the Puget Sound region is defined by two things – tech companies and a hot housing market. While we may be considered one of the original tech hubs in the nation, other cities like Austin and Denver have caught the technology bug giving employees more options for where to work and live in all parts of the country.
These people are looking at competitive salaries, but they should also consider cost of living when choosing their new cities. After all, that is what will determine the quality of life they can achieve with their new salary. That is where the Seattle area becomes more desirable than other cities – especially those that are more established within the tech industry.
According to an Indeed.com report comparing incomes in 15 tech towns, Seattle ranks second for highest salaries after cost of living adjustments. That means even though high-tech jobs in San Francisco pay an average of $15,000 more than those in the Seattle area, employees can stretch their earnings much farther here because the cost of living consumes less of their monthly income. Additionally, tech salaries are expected to increase as employer demand continues to outstrip supply.
Find the full article at Puget Sound Business Journal.