No wonder every big Silicon Valley tech company is opening offices in Seattle
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The high cost of living in the San Francisco Bay Area, which includes Silicon Valley, has been the subject of a lot of conversation. Everybody agrees that we need more housing, but nobody can seem to figure out the best way to get that housing built.
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This chart from Statista, based on a Zillow study, shows the problem in stark relief. The typical software engineer working at Apple in Cupertino or Google in Mountain View uses more than half of their after-tax income on housing. In the Seattle suburbs where Microsoft and Google are based, housing costs take up less than one-third of engineers' take home pay.
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Statista
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