A Blog by Jonathan Low

 

Mar 31, 2017

The Best and Worst Cities For Tech Workers To Live In Based On Rent and Commute

Which raises interesting questions about how quality of opportunity impacts quality of life - and vice versa. JL 

Joon Wong reports in Quartz:

Berlin offers tech workers some of the lowest rents and among the shortest commutes of 22 cities it surveyed. The longest commute times were in Bengaluru, India, and Hong Kong, while the highest rents were all in American cities: San Francisco, New York, and Boston.
Most cities with a cluster of tech companies can offer those workers either a short commute or low rents—but not both, according to a study by property consultancy Savills. Berlin is the exception to that rule. Savills found that the German capital offers tech workers some of the lowest rents and among the shortest commutes of 22 cities it surveyed.
Commuting is a hugely important factor for worker satisfaction. One study, by the UK’s Office of National Statistics, found that each additional minute of commuting increased workers’ anxiety and reduced their satisfaction with life.
Savills looked at the neighborhoods where employees of tech “scale ups,” or startups that have raised capital, generally live in each city and measured the rental costs there. In Berlin, for instance, that meant Kreuzberg. Commuting times were measured by various transport modes, which usually meant public train systems, but occasionally included cycling, walking, or driving. European cities generally had the shortest commutes, followed by cities in the US, and then Asian cities.
The pattern of a trade-off between rent and length of commute is evident when you look at the cities with the cheapest rent and shortest commutes. Workers in Austin only have an average 16-minute commute to work, but pay among the highest rents at $476 a week. Workers in Seoul, meanwhile, pay the lowest rent, $153 a week, but have to endure a 40-minute commute, the fourth longest on the list.
The longest commute times were in Bengaluru, India, and Hong Kong, while the highest rents were all in American cities: San Francisco, New York, and Boston.

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