NY has one tech of rise in talent

The city is “in the midst of a tech talent boom,” and was the preferred destination for relocating tech workers in 2023, an industry study has found.

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 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 the 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 highcost-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 [Texas],” Doshay added. “But for a lot of tech professionals, they don’t want to sacrifice perceived career and social opportunities at any cost.”

The study was based on a set of LinkedIn data that tracked approximately 57,000 relocating employees at a selection of the largest tech companies and some private firms.

New York beat out other top contenders such as Austin, Texas, which posted a net gain of 1.4%, and Los Angeles at 0.6%. Other cities that experienced net-positive tech relocations include Denver, San Diego and Miami.

Some traditional Big Tech hubs saw an exodus of tech workers.

That included San Francisco, which experienced a net loss of 3.7%, and Seattle, which took a 2.3% hit.

Tech workers who left the San Francisco Bay Area were most likely to move to New York City, the analysis showed.

The Wall Street Journal was the first to report on the data.