Do you dream of landing a big-money tech job, settling into Silicon Valley, and raising a family? Prices in the San Francisco Bay Area may put a damper on your dreams.
A new survey from the anonymous-workplace social-networking app Blind reveals that most Bay Area tech workers have delayed starting a family due to the high cost of living.
In early September, Blind asked its users, most of whom live and work in the Bay Area, to say whether the following statement is true or false for them: “The rising cost of living has forced me to delay starting a family.” Some 8,284 users responded, and 58.43 percent answered “true,” while 41.5 percent answered “false.”
Moreover, more than 69 percent of Apple employees said that statement was true for them. That’s the highest percentage among companies with at least 100 employee responses: “Among Bay Area-based tech companies with at least 100 employee responses, at eight out of 11 companies, the percentage of employees who have delayed starting a family is higher than the overall survey average,” Blind said in an email to PCMag.
With nearly 45 percent of employees saying that statement was true, Oracle has the lowest percentage of employees who have had to delay starting a family due to the high cost of living.
Meanwhile, the issue extends beyond the Bay Area to Washington State tech hubs, the survey revealed. More than 59 percent of Amazon employees and 49.6 percent of Microsoft employees have delayed starting a family due to the high cost of living. Amazon is based in Seattle, while Microsoft is headquartered in Redmond, Wash.