NerdWallet considers industry size, income and affordability
NerdWallet created this list by analyzing the concentrations and income levels of STEM industries in the 354 largest metropolitan areas across the U.S. Using data from the Bureau of Labor Statistics and the U.S. Census American Community Survey they assessed three key factors:
1. STEM employees per 1,000 total jobs
2. Annual mean wage for STEM jobs
3. Median gross rent
The San Francisco/San Mateo/Redwood City area was ranked the seventh best place for STEM grads, thanks to its booming and lucrative job market. This area has a high prevalence of tech jobs similar to Silicon Valley, which ranked 2nd on the list. The region boasts 108 STEM employees per 1,000 jobs and the second-highest average STEM salary anywhere in the U.S. Google, Twitter and LinkedIn are among the ever-growing numbers of startup companies in the Bay Area regularly hire STEM grads.
The San Francisco Chamber of Commerce, the city’s largest business organization, is partnering with local schools to provide students with the tools they need to succeed in STEM and other careers. The Chamber recently announced it has joined Circle the Schools, and earlier this year launched UniteSF, an initiative to prepare students for 21st century careers.
“We are committed to ensuring that our students get the education and experience they need to succeed and thrive in the booming market for STEM talent,” said Bob Linscheid, President and CEO of the San Francisco Chamber of Commerce.
The San Francisco Unified School District has also stepped up efforts. “San Francisco’s public schools recognize that we are a partner in maintaining our city’s booming STEM economy, and that’s why we’re ensuring more and more SFUSD graduates are ready to step into STEM jobs,” says SFUSD’s STEM Executive Director Jim Ryan.
“Local universities and industry partners are crucial in preparing our graduates for STEM careers,” Ryan said. “They are providing hands-on internships and supporting the development of a brand-new Computer Science curriculum that will start in preschool and continue through 12th grade.”
Other metros that made the top 10 include Huntsville, Alabama, and Boulder, Colorado. Read the full study online.
For more information about NerdWallet, visit nerdwallet.com/cities.