NYC Claims Title as Most Popular Destination for Relocating Tech Workers

Recently statistics provided by venture capital firm SignalFire revealed that although in 2023 “roughly 10.7% of New York’s existing tech workforce let the city, the strong inflow of workers outpaced the outflow.”  While Austin, TX is the fastest-growing city for top tech talent by percentage, according to the report, New York City is in the midst of a tech talent boom and gaining the biggest share of relocation tech talent. Although the San Francisco Bay area continues to reign as the undisputed center of technology, the pandemic’s impact on remote work has sparked a spreading out of companies and their workers, revealing a shift toward other growing tech hubs. An analysis of existing tech workers who relocated between 2022 and 2023 “New York City tops the charts, taking in nearly twice as many relocators as runner-up Austin and claiming 15% of all people who moved.” In contrast, the biggest losers include San Francisco, Seattle, and Boston, which are among some of the most notable tech hubs; and while it has been suggested that the high cost of living contributed to the shift, New York continued to attract the largest share of relocators despite “boasting the highest rent prices in the country.”

Source:    https://prod.crainsnewyork.com/technology/relocating-tech-workers-prefer-new-york-san-francisco

Source:    https://www.signalfire.com/blog/state-of-talent-tech-trends