IMPORTANT FACTORS TO BE CONSIDERED<\/strong><\/h3>\nStartups, who aspire to settle in tomorrow\u2019s tech capital, should look for other options. Adora Cheung, a partner at Y Combinator writes, “The world is full of people who aren\u2019t realizing their potential, in large part because their cities don’t provide the opportunities and living conditions necessary for success.” Generally, tech hubs are ranked based purely on economic factors, ignoring the quality of life factors like- Startup output, the cost of living, average salary, average rent, average commute time, etc, which need to be taken into consideration.<\/p>\n![\"adora-cheung\"](\"http:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/08\/adora-cheung-1.jpg\")
<\/a>Adora Cheung, Partner at Y Combinator<\/figcaption><\/figure>\nRadPad, an apartment search startup, combined its rental data with Anthology\u2019s tech jobs platform\u2019s salary reports and found that the current median price for a one-bedroom apartment within a half-mile radius of companies like Uber, Twitter, Google, and Airbnb in San Francisco is eating up 42% and 54% of software engineers\u2019 salaries. This is burning a hole in people\u2019s pockets because the ideal income to be spent on housing for it to be considered affordable is only 30%.![\"radpad\"](\"http:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/08\/radpad.png\")
<\/a><\/p>\nSTATISTICS<\/strong><\/h3>\nCompass, a management reporting Software Company, collected data from a poll from 11,000 startups, investors, and other stakeholders on the basis of various factors, giving equal weight age to all of them. It also added data provided by the World Bank and Numbeo\u2019s cost of living index. This was done to reflect that quality of life parameters contribute a lot more than economic parameters to make a city livable.![\"compass\"](\"http:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/08\/Compass.jpg\")
<\/a><\/p>\nStriking a balance between business growth, affordable rent, and salary, Expert Market\u2019s analysis put Berlin, Austin, and Toronto in the top three, respectively. On the other hand, Compass rankings, which were based on startups\u2019 performance, funding, market reach, and talents still portrayed Silicon Valley to be the best cities for tech industries, followed by New York City (Silicon Alley), Los Angeles (Silicon Beach), Boston, and Tel Aviv.<\/p>\n
<\/a>RadPad, an apartment search startup, combined its rental data with Anthology\u2019s tech jobs platform\u2019s salary reports and found that the current median price for a one-bedroom apartment within a half-mile radius of companies like Uber, Twitter, Google, and Airbnb in San Francisco is eating up 42% and 54% of software engineers\u2019 salaries. This is burning a hole in people\u2019s pockets because the ideal income to be spent on housing for it to be considered affordable is only 30%. Compass, a management reporting Software Company, collected data from a poll from 11,000 startups, investors, and other stakeholders on the basis of various factors, giving equal weight age to all of them. It also added data provided by the World Bank and Numbeo\u2019s cost of living index. This was done to reflect that quality of life parameters contribute a lot more than economic parameters to make a city livable. Striking a balance between business growth, affordable rent, and salary, Expert Market\u2019s analysis put Berlin, Austin, and Toronto in the top three, respectively. On the other hand, Compass rankings, which were based on startups\u2019 performance, funding, market reach, and talents still portrayed Silicon Valley to be the best cities for tech industries, followed by New York City (Silicon Alley), Los Angeles (Silicon Beach), Boston, and Tel Aviv.<\/p>\n<\/a><\/p>\nSTATISTICS<\/strong><\/h3>\n
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