Living in SILICON VALLEY
Being a region in Northern California Silicon Valley includes many beautiful cities including San Jose, Santa Clara, Sunnyvale, Palo Alto, and others. San Jose has the 3rd world's highest GDP per capita, so it is not surprising that some cities of Silicon Valley are global centers of technological development, venture capital, innovative solutions, social media. It is home to 39 world's largest corporations that work in the high tech sphere and are major employers of the area; this is also the reason why people move here via long-distance moving or apartment moving. The most popular jobs in the area are mathematical and computer, software development, natural sciences, and medical ones. There is hardly any better place destination for young professionals too.
"An open-minded and diverse population that readily shares information encourages experimentation, accepts failure and dispenses with formality and hierarchy is what makes Silicon Valley the successful hub that it is." — Vivek Wadhwa.
- Population: Approx. 3M as of 2022
- Young people (20-34 years old): About 30% as of 2022
- Median salary (1-4 years of experience): $81K/year as of 2022
- Median home price: $1M or more as of 2022
- Rent / 1 bedroom apartment: $2,599 as of 2022
- Most popular employers: Apple, Google, Meta, Wells Fargo, Chevron, Netflix, Tesla, Visa.
- Events: San Jose Jazz Winter Festival, Tech Conferences and Summits, Silicon Valley Fall Festival, Facebook F8, SubZERO Festival, etc.
Pros cons living Silicon Valley
The cost of living in SV is rather high but there is a huge difference depending on the city you live in. There is the lowest unemployment rate of 2.5% in the country and the average yearly earnings were $131,000 in 2017. The crime rate in the area is not very high apart from San Jose, while in Santa Clara there is the lowest crime rate in California.
Silicon Valley is a good place to live that attracts many people from different corners of the planet through a diversity of activities. There are multiple museums, art galleries, performing arts. You will enjoy huge sports arenas, beautiful theme parks, natural reservations, vineyards, and rides too. The variety of events will keep everyone busy.
You can get high education in multiple colleges and universities functioning here. There are over a dozen school districts and multiple prestigious private schools too. Buses and light rail are run by Santa Clara Valley Transportation Authority, while the major roads Highway 101 lacks signs, Interstate 208 with scenic scenery, and El Camino Real with an opportunity to do some shopping along the way. The busiest one is 101.
However, both home prices and rentals are 2.1 and 1.4 times higher here than in other parts of the state. It is also important to remember that there is an 8.5% sales tax taken. As a result, a huge sum of your earnings will be spent on dwellings and purchases. Silicon Valley can boast the biggest number of millionaires and billionaires in the USA per capita, but people, who are not employed in the high-tech industry, live not so well. About 30% of local children live below the poverty line and it is very upsetting.
Silicon Valley neighborhoods:
- Crescent Park
- Willow Glen
- Downtown San Jose
- Leland Manor
It’s one of the most advanced cities and the epicenter of many internationally renowned companies. It inhabits many highly successful people and offers many opportunities. Most of the billionaires including Mark Zuckerberg live there. It’s a good place for office moving.