where to live when working in silicon valley
This is why, if you are planning a move to the Bay Area, it is important to secure a good salary and plan ahead for all of your expenses. Just ... 2. Tesla has factories in Fremont. The cost of living is higher in big cities, and most of us know it — but San Francisco sets new records. Silicon Valley is the 21st century’s American Dream- the combination of professional growth, premier technology companies, mild winters and … Make sure the job being offered is actually rewarding. According to Zillow, the average month rent for a two-bedroom apartment is about $2,200 per month throughout the area, the highest in the nation. Of course, there’s a key reason El Centro’s so cheap. Silicon Valley City Housing Costs. Silicon Valley creates a center for innovative companies to become highly profitable. If you are looking to commit yourself to your work and put in long hours to achieve success, then Silicon Valley could be the place for you. There isn't actually an assigned ghetto for CEO’s here. Companies will often not explicitly state that a job entails long work hours. If you have a car and not worried about $5-$7 toll fee for the bridge, you may consider living in Fremont, where you can find great neighboors with much lower costs. As the center of Silicon Valley — as well as the 10th largest city in the United States — San Jose naturally offers some of the best culinary selections in the entire Bay Area. Widely circulated stories have recounted a Google employee living in a box truck in the company parking lot, or about multiple people living on top of one another in a tiny apartment and still paying more for rent than most of us. You can smell money everywhere. Instead of serving as a warning, however, this level of zealous commitment has come to set the tone for work ethic in Silicon Valley. United Shore, a mortgage company in Michigan, has its own in-office escape room full of puzzles and ready for team-building exercises. Science, technology, engineering and math — those who graduate with these degrees may feel exultation after the rigors of university are over, but they will feel even happier when they realize the plethora of jobs available to them in the world’s technology playground. The list prices on homes are often above $1 million, and sometimes the unthinkable happens: a house listed at one price will be sold hours later for a much higher price. Among the creative perks these companies offer are: These perks, in some way, might serve to alleviate some of those stressors imposed by Silicon Valley’s high cost of living. This is theoretically balanced out by the fact that the average starting salary is over $100,000, but in practice, there turns out to be plenty of difficulty for those trying to make ends meet. To figure out the best place for you to live, contact us. The Big Move: I work in Silicon Valley, but my job is now remote. As if these perks weren’t enough, most tech companies start employees off with six figures. As tech workers continue to leave Silicon Valley for more space and a better cost of living, the companies they work for are responding with a change of their own: cutting salaries. Unemployment was 16.4% in November — the highest in the state and the nation. If you are using a screen reader and are having problems using this website, please call 855-580-7393 for assistance. Trademarks are the property of their respective owners. Where Silicon Valley Tech Companies Are Located. Tesla’s Fremont Factory is located just a few minutes away from our Bart Springs, Bart Plaza, Berry Tree, Redwoods, Timberlane, and Town & Country Apartments.). If you are not willing to work overtime, there is always someone else who will be. Here are some things you will want to ask yourself before you pack up. Silicon Valley came to prominence through disruptive technology, fostering giants like Apple, Google, Netflix, Twitter, Facebook and more. 2021 Living Costs & Relocation Tips. Then there are places like Apple, Facebook, Netflix, Asana and more. Having a car can be both a blessing and a curse in Silicon Valley. Pull out a map and check out the locations of some of the biggest tech giants in Silicon Valley. Well, Silicon Valley is ahead of the curve on this one. { Request More Information About Our Apartments, Average Salaries of Tech Workers in Silicon Valley, I have lived at Bart Plaza for 10 years. Unlimited access to free apples — guess who offers that one! This compares to $1,600 for California as a whole and $1,050 nationally. The Evergreen area of south San Jose offers a family-friendly combination of reasonable rents, good schools and reasonable commuting times (about 30 minutes to downtown). Contact Marcotte Properties to find your next place to call home at an affordable price: https://www.marcotteproperties.com/co...", While C-suite executives can comfortably afford a mortgage and a cushy lifestyle, the average tech employee is stretched thin to survive. Provided by Dow Jones. There is an almost unparalleled concentration of Ivy League brain activity — second only to at an actual Ivy League School — as well as cutting-edge innovations, completely dazzling workplaces, and a new outlook on what it means to be part of the American workforce. The most expensive? Here are some of the reasons people are so attracted to working in Silicon Valley. It appears such rankings go far beyond superficial perks like napping pods and free haircuts — what Google, as well as companies like Salesforce and Genentech, offers goes far deeper. Those looking for living quarters they deem acceptable may be dumbstruck at the price tag. 2. Silicon Valley was named for the silicon needed to make semiconductor computer chips. Companies like Apple and Salesforce reimburse their employees for travel, whether it is by car or by public transit, and many of these same companies offer shuttle buses to ferry their employees to and from work. To illustrate, consider that in 1989 the richest 1% of San Francisco’s population held over 15% of its total wealth. Many of those areas are on landfill, and although well compacted, that fill is sitting on old bay mud. Most of the downsides of working in the valley exist solely because of how fantastically these companies treat and pay their employees. (Fun Fact! Everything You Need to Know Before Moving to the Bay Area. "duration": "PT0M54S", Other cities offering top-drawer eats include Cupertino, Palo Alto and Mountain View. If it’s traditional mall shopping you’re after, San Jose offers the Westfield Valley Fair as well as the trendy Santana Row. Adobe helps with legal assistance, tuition fees and more. To cap it all off, some tech companies are alleviate the high housing costs in Silicon Valley by subsidizing — and in some cases, even building — housing for their employees.