SF Tech Workers Pay More Half Their Salaries to Live Near Unicorn Companies: Study

Tech workers pay more than half of their salaries to rent a slice of real estate near San Francisco unicorn companies like Uber, Square and Airbnb, according to a new study conducted by RadPad, a site which allows users to find and pay for apartment rentals online.

The findings concluded that it’s priciest to live near Square and Airbnb, where workers pay on average of 54% of their salary for a one bedroom apartment, followed by Stripe (52%), Jawbone (49%), and Uber (48%).

Ten of the study’s 13 companies are based in San Francisco, with three Los Angeles area companies thrown in for comparison: Snapchat (42%), RadPad (23%), and Elon Musk’s SpaceX (17%). The latter topped the list with the smallest percentage of salary needed to live near the company’s Hawthorne headquarters, perhaps allowing workers to save for interplanetary travel.

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Article source: http://www.nbcbayarea.com/news/local/SF-Tech-Workers-Pay-More-Half-Their-Salaries-to-Live-Near-Unicorn-Companies-Study-330441601.html

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