Austin again outranks Silicon Valley in new best tech cities report

Austin continues to outshine the San Francisco Bay Area. For the second year in a row, Austin tops a list of the best tech cities in the United States, with both Silicon Valley and San Francisco slipping in the third annual ranking.

Based on job posting data from August 2019 to July 2020, the CompTIA trade group surveyed 20 metropolitan areas with more than 250,000 residents where the demand for technicians is greatest. CompTIA then ranked the metros based on the cost of living, number of IT job postings, and projected IT job growth for the next year and five years. The analysis placed Austin first.

“Home to 5,500 startups and tech companies, Austin is an affordable alternative to the Bay Area and New York City for businesses of all sizes looking to grow,” said CompTIA’s Tech Town Index report, published Nov. 10.

The capital ranked first in the CompTIA reports for 2019 and 2020 and third in the inaugural report for 2018, beating Silicon Valley every year. For comparison, San Jose, California ranks fourth this year, one place down from 2019, while San Francisco ranks seventh this year compared to fifth last year.

Between Austin and San Jose are Dallas-Fort Worth (No. 2) and Raleigh, North Carolina (No. 3) in this year’s ranking.

CompTIA says more than 100 technology companies have moved to the Austin area in the past two years and have created more than 4,600 jobs. The number of IT job postings in the region continues to grow, adding 19,000 jobs year over year. The group finds that the Austin area remains one of the top places to live in terms of cost of living – roughly 4 percent below the national average and the fourth cheapest market among the 20 metros in this year’s index.

CompTIA projects IT employment growth of 16 percent in the Austin area over the next five years. The average salary in the region for tech professionals is $ 87,880.

CompTIA identifies these companies aggressively hiring IT professionals in Austin:

  • IBM

  • Dell

  • The home depot

  • Deloitte

  • Charles Schwab

  • Amazon

  • Apple

  • AMD

  • Visa

  • Accenture

The other Texan subway to make the list is DFW, which jumped from 7th last year to 2nd this year. CompTIA attributes DFW’s leap to the sheer number of IT positions available (178,579 postings last year), with projections for more (3 percent growth from 2020 to 2021 and 11 percent over the next five years). The average salary for an IT professional in DFW is $ 94,044. According to CompTIA, the cost of living in DFW is 2 percent below the national average.

The top ten is rounded off by Charlotte, North Carolina (No. 5); Seattle (No. 6); Atlanta (No. 8); Huntsville, Alabama (No. 9); and Denver at No. 10.

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