Tuesday
July 25, 2017

Denver Ranked as Best Tech Hot Spot

      |
-A A +A

Denver Ranked as Best Tech Hot Spot

Denver was named as the best city for tech professionals based on wages and home prices, according to Homes.com’s New Tech City Index. The rankings looked at 365 cities, factoring in the average wage in the sector, industry employment in the city, and the average house price for employees moving there.

Read more: The 20 Hottest Housing Markets for May 2016

Denver tech professionals boast an average wage of $91,861, and the city has seen explosive growth in its housing market in the past five years, with prices up 41 percent in the past five years.

“Many areas exist outside of the Bay Area and the Pacific Northwest where tech folks can find both their dream job and the home of their dreams,” says Grant Simmons, vice president at Homes.com. “Cities like Denver not only offer great tech-focused career opportunities, but also more bang for their housing buck, great schools, and lifestyle options that suit both small-town and big-city appetites.”

The index singled out Columbus, Ohio as the most affordable place for tech workers to live. The average home price there is $107,367. On the other hand, Oakland, Calif., saw the biggest growth in home prices among emerging tech hub areas, with prices growing nearly 48 percent in the past five years.

Here are the top 20 cites for tech professionals, according to the index:

  1. Denver
  2. Framingham, Mass.
  3. Oakland, Calif.
  4. Atlanta
  5. Boston
  6. Austin, Texas
  7. Santa Ana, Calif.
  8. Baltimore, Md.
  9. Durham, N.C.
  10. Boulder, Colo.
  11. Columbus, Ohio
  12. Trenton, N.J.
  13. Newark, N.J.
  14. Bridgeport, Conn.
  15. Minneapolis
  16. Huntsville, Ala.
  17. Charlotte, N.C.
  18. Raleigh, N.C.
  19. Bethesda, Md.
  20. Wilmington, Del.

Source: “Homes.com New Tech City Index 2016,” Homes.com (2016)