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NYC saw ‘tech talent boom’ as top destination for relocating workers in 2023: study

NYC saw ‘tech talent boom’ as top destination for relocating workers in 2023: study

NY Post
Tuesday, April 16, 2024 07:00:47 PM UTC

New York City is “in the midst of a tech talent boom” — and was the preferred destination for relocating tech workers in 2023, according to an industry study.

The Big Apple posted a 3.6% net gain in tech talent, meaning more workers relocated to the city than left to pursue opportunities, according to an analysis released by venture capital firm SignalFire.

The gain was the largest of any city in the country, with New York “claiming 15% of all people who moved” for tech jobs, SignalFire researchers Asher Bantock and Heather Doshay wrote in the report released Monday.

That’s despite the fact that New York City has one of the highest costs of living in the country.

“Anecdotally, we hear movers reference the ‘energy’ of the city – both professionally and socially,” Doshay told The Post.

“You would think people moving from high-cost-of-living cities like San Francisco, Seattle, and Boston would disperse to lower-cost-of-living metro areas – and in many cases they are with moves to places like Austin,” Doshay added.

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