When asked where the country’s tech hub is, most people would answer Silicon Valley. Nowadays, however, the biggest tech companies are choosing to set up camp in Utah. The Beehive State has attracted the likes of Microsoft, Adobe, and Facebook. But what’s all the buzz in this tech hive?
A booming tech industry
In the past several years, Forbes has consistently ranked Utah as a top state for business, and its tech industry is one of the fastest-growing throughout the U.S. The Beehive is home to thousands of tech business establishments, which makes it an ideal location for entrepreneurs who are planning to set up new businesses.
The tech sector in Utah accounts for about 1 in 7 jobs, and the number only continues to grow. The wages for tech professionals here are quite high, and career growth is also fast. Tech establishments here range from ones that fix phones in Salt Lake City to artificial intelligence development companies in Provo. Most tech jobs in the state are involved in artificial intelligence, virtual reality, the internet of things, drones, and smart cities. According to Jonathan Francom, vice president of Adobe, the incentive for their expansion in the area was the “highly educated, talented workforce” in Utah.
As a reflection of the state’s growing reputation in the tech industry, Salt Lake City hosts the globally recognized Silicon Slopes Tech Summit every year.
The low cost of living
On top of the high salaries and fast career growth in tech jobs, and the booming tech industry, the cost of living in Utah is also pretty low. In Utah, the average wage in the tech industry is almost double, as compared to the average wage in the state’s private sector.
Compared to California, which is one of the most expensive states to live in, the numbers in Utah translate to a much higher salary for a very low cost of living. This allows businesses and employees to pocket more money than they would in the other tech hub.
Utah is less crowded
Utah is basically a less crowded version of Silicon Valley. For tech company administrators and employees who are fed up with the traffic congestion and crowds in California, Utah is the best solution. California is home to almost 40 million people, while the population in Utah is only approximately 3 million people.
The smaller population means less traffic, fewer crowds, and more housing availability. But fewer people does not mean fewer things to do in the Beehive State.
Nightlife and outdoor activities
Park City and Salt Lake City are the main hubs of the state’s nightlife. Downtown Salt Lake City, in particular, always has something happening. From the farmers market and the watering holes to the Utah Pride Parade and summer concerts, you can always find an event to enjoy in the Beehive’s capital.
You can explore Park City 40 minutes away from Salt Lake City. This city is home to some of the world’s finest ski resorts and hosts the world-famous Sundance Film Festival every year.
The Wasatch and Uinta mountain ranges are great spots for hiking, camping, mountain biking, and fishing. Utah is also home to the “Mighty Five” national parks, which are home to amazing rock formations.
Utah has a lot to offer tech companies and employees. The tech scene here is flourishing yet stable, there is an ideal ratio of salary to the cost of living and affordable housing, and the nightlife and scenery lead to a robust work-life balance. Surely, tech companies and professionals should give into the buzz of the Beehive State.