The U.S. Bureau of Labor Statistics estimates that computer and information technology jobs will grow by 12 percent between 2014 and 2024, a rate that’s faster than the national average for job growth. Many of these new jobs will be outside traditional tech hubs such as Silicon Valley and San Francisco. You’ll find these jobs in booming new markets like the four below.
New York City has long been regarded as the hub of America’s finance, fashion, and media industries. However, its tech industry may be one of its best-kept secrets. Michael Bloomberg implemented business incentives to lure tech firms to New York City after the financial crisis. Today, New York City Mayor Bill de Blasio continues to support the initiatives.
Those initiatives seem to be working, with the technology job market in New York City growing by about 40 percent since 2008, a rate which exceeds growth in Silicon Valley. If working in digital media or ecommerce appeals to you, start searching for apartments for rent in NYC.
Charleston, South Carolina, is best known as a tourist hub, but its tech industry is outpacing every other city in the United States. Charleston employs more IT professionals than Austin, Texas, or Raleigh, North Carolina. The City’s tech economy is growing 26 percent faster than the U.S. average.
“You could count the number of technology-focused companies that were around on two hands back in 2004,” Grier Allen, CEO and co-founder of real estate software company BoomTown, commented at Charleston’s third annual DIG SOUTH event. “Today, we have hundreds of companies ranging from your one-person, two-person startups looking for that angel round, all the way up to the Google and Boeing, which is expanding its technology arm here in Charleston. It’s an exciting time to be part of Charleston’s knowledge economy.”
According to experts, an influx of creative young minds are settling in the city and driving this growth. Between 2000 and 2012, the millennial population grew by a staggering 58 percent. Local initiatives, such as the Charleston Digital Corridor and SC Launch, help support the entrepreneurial efforts of these young people.
Few cities around the world can boast the tech growth seen in London. Technology services companies increased by 200 percent between 2014 and 2015, while the wireless and telecommunications sector enjoyed healthy growth of 70 percent over the same period.
Entrepreneurship is encouraged, with the European Digital City Index ranking London the best city in Europe for supporting startups and scaleups. These fledgling firms can take advantage of more than 36 local business accelerators and more than 70 co-working spaces.
If you’re interested in financial technology, you may want to start searching for a London apartment now. The city has more people employed in this tech specialty than any place on the planet. Other opportunities in tech will be available, too. Oxford Economics expects 46,000 new digital jobs will be created in London over the next 10 years.
Fifteen years ago, Vietnam had few tech firms. However, rapid tech growth in cities such as coastal Da Nang has changed the country’s complexion. LogiGear President Hung Q. Nguyen is one of the city’s leading figures. He studied in the United States and settled in Silicon Valley before returning home when Vietnam’s tech industry took off. He opened research and design facilities in Ho Chi Minh City in the mid-2000s, but moved most of its operations to Da Nang in 2014, enticed by its modern infrastructure and keen, capable workforce. Da Nang also received IBM’s Smarter Cities Challenge Grant in 2012.
If you move to Da Nang, you might consider basing yourself near Da Nang Hi-Tech Park, one of several tech hubs established as part of Vietnam’s 2020 IT Master Plan. This tech park houses the offices and factories of international IT and software firms, infrastructure plants, and hardware makers.
Hot new markets like these examples mean you don’t have to live in California to pursue an IT career. With many options, you can easily find a place to call home that suits your lifestyle and love of tech.