Let’s look at Google, which most recently announced their housing plan, as an example. According to Glassdoor, the typical Google software engineer in San Jose earns $135,174 in base pay. On that salary, one could afford only 16.5 percent of homes for sale in the San Jose metro where the median priced home costs $1.15 million. Most of the affordable homes in the San Jose metro are located near Hollister, CA where the median home price is $550,000, which is an hour commute from Google’s campus in Mountain Viewwithout traffic.
For comparison, at Google’s Austin campus, the typical software engineer earns almost as much as a software engineer in San Jose — $132,108. On that salary, one could afford 84.1 percent of homes for sale in the Austin metro where the median priced home costs $320,000. An Austin software engineer could afford to walk to work. The median priced home in the zip-code of the Austin Google offices costs $464,000, and 44 percent of homes for sale would be affordable.
I think flaw in this analysis is right here. I can’t say for sure, but most of the tech companies definitely adjust based on local market. Having said that very likely Austin might came out ahead if you value equally living in BayArea vs Austin.
He subscribes to his realtor’s advice to invest within half a hour from his primary and don’t trust property managers but are ok with hyperventilating high tech startup CEOs.
Singapore is paying SV pay for Singaporeans willing to come back to help fellow citizens. So, pay differential might be fairly narrow globally for top tech talents.
Building dormitory for single Googlers.
Also mixed residential and commercial, some floors or buildings are residential in Googleplex.
Solve the twin problems of housing and commuting.
and don’t trust property managers but are ok with hyperventilating high tech startup CEOs.
tech talents.