Baltimore City ranked no. 10 out of 20 on ZipRecruiter’s list of fastest growing tech markets. Time Magazine reports:
Job search site ZipRecruiter recently analyzed its database of more than 8 million active jobs, and ranked the 20 fastest-growing tech markets based on year-over-year data. Job growth for engineering, software, and IT roles may be losing steam in the Bay Area, but smaller cities are picking up the slack, the company says.
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“The tech industry is no longer bound to the coast,” says ZipRecruiter’s Chief Economic Adviser, Cathy Barrera. “As a result, we’re seeing the tech industry expand out of the major metropolis areas, and into smaller regional cities that have since flown largely under the radar.”
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Barrera credits government policies, like tax breaks that attract entrepreneurs and business startups for much of this growth. But the main impetus, she says, is the skyrocketing cost of living in coastal tech hubs like San Francisco and New York.
The Time’s article notes high rents and slowing markets as a reason tech jobs may be leaving Silicon Valley for smaller cities, but the Baltimore Business Journal shares some local insight on Baltimore City’s ranking:
Baltimore’s top tech jobs include project manager, software engineer, network engineer and software developer. Year-over-year growth in tech jobs here is 109 percent, along with $62,500 in early career median pay, $105,000 in mid-career median pay, $1,375 in median rent and a $196,900 median home price.
The city ranked just behind Jacksonville, Florida on Time’s list, and one spot ahead of Cincinnati. No other local cities made the list. The very top spot went to Huntsville, Alabama.
Baltimore has a growing tech community that has recently seen a number of co-working spaces and startup hubs open. By having various accelerators like Betamore, Spark Baltimore and City Garage to support tech entrepreneurs, more idea makers may feel confident about coming to Baltimore to build a company.
More information:
The 20 Hottest Cities for Tech Jobs Now (Time Magazine)
Baltimore ranks among 20 hottest cities for tech growth — and here’s why (Baltimore Business Journal)
