Denver ranked first and Boulder 10th in Homes.com’s Tech City Index 2016, a newly released assessment that lists what it calls the best places to live in the United States for technology professionals.
The index score took into account factors including the number of technology jobs per thousand; the average technology job wage and the total number of people employed within the technology sector. It also figures in the cities’ average home prices and the changes in those prices over the past five years to come up with a picture of which emerging U.S. cities would be best financially for those working in tech to live.
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Following Denver in the top 10 were Framingham, Mass.; Oakland, Calif.; Atlanta; Boston; Austin, Texas; Santa Ana, Calif.; Baltimore; Durham, N.C.; and Boulder.
Aiding the rankings of both Colorado cities, Homes.com researchers said, was the fact that the state is the second most educated in the nation, with 90 percent of residents attaining a high school diploma and 38 percent earning at least a bachelor’s degree in higher education.
According to Homes.com, the index was created as a way of allowing tech professionals to find places to live outside of the more obvious areas such as Seattle, New York, Washington and California’s Silicon Valley, where house prices often are unattainable for the average tech worker.
Six jobs were selected as a snapshot of the tech industry: computer and information systems manager, computer programmer, software developer, app hardware engineer, network support specialist and web developer. The median wage from all those positions was calculated for each city and ranked appropriately. The researchers then did the same with the average number of these jobs for every 1,000 jobs in each city, as well as the overall average total employment. They then combined the rankings in each category to get overall rankings for each city.