As tech grows, an unlikely home has been made in the so-called Utah Silicon Slopes. Home to many tech startups, Utah is looking to make its mark on the tech world.
Welcome to the Utah Silicon Slopes
A lot has been written about California’s Silicon Valley. However, the left coast doesn’t have a monopoly on tech. Austin, Texas is growing its tech sector, as is Colorado and even Pittsburgh. The next hot spot for tech-novation? The Utah Silicon Slopes.
If you haven’t heard of Utah’s growing tech industry, you will soon. Facebook recently announced plans to open a massive data center just south of Salt Lake City.
Gov. Gary Herbert predicted the new project near Eagle Mountain, 40 miles (64 kilometers) south of Salt Lake City, would lead to more than $850 million in financial investment and infrastructure projects in the region.
But Facebook isn’t the only game in town. Others such as Adobe, Overstock.com, Vivint Solar, Workday, Domo and Skullcandy have all taken up residence in the Utah Silicon Slopes, an area between Provo and Salt Lake City home to over 6,000 tech businesses, many of them startups.
Cost of living is a major factor. Compared to California, Utah is rather inexpensive. This pairs nicely with tech salaries which tend to be high. Though the actual number maybe lower, living expenses are also lower.
For example: Austin, Texas has lower tech salaries than California (highest in the world). However, the cost of living differences more than make up for it. The same is true for Utah, where the average tech salary is nearly twice the median salary in the state. $83,000 vs $46,000.
Housing, property taxes, and more are also relatively lower compared to larger cities with a strong tech presence such as the case with San Francisco.
Moving to Utah?
If the Utah Silicon Slopes are calling, you may want to pump the brakes a bit. Before making any move, it’s important to consider the impact on your cost of living. Sure, Provo may be better than San Francisco when considering living expenses. However, if you aren’t moving from the bay area, what will the impact be?
With City vs City, you can find out. City vs City uses real, local data curated at the zip code level to determine cost of living expenses. Simply download the app, input your data, and see how your costs compare.
If you’re thinking of moving, don’t make a move without downloading City vs City first.