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JOBS = POPULATION GROWTH = HOUSING GROWTH

JOBS = POPULATION GROWTH = HOUSING GROWTH

The article, Greater Phoenix one of most rapidly expanding US tech job markets, report says, from the Phoenix Business Journal, reports that Phoenix now has more than 85,000 high-tech workers, surpassing Chicago and Los Angeles for tech employment, while also providing a better operational affordability than most major tech markets, according to a new report.
Greater Phoenix is an emerging tech market, with a region sought after for its talent, collaborative environment, business-friendly culture and quality of life, said Vanessa Vogel, a CBRE senior research analyst and one of the report authors. “Phoenix is among the top three for most affordable rents,” Vogel said. “While salaries may be lower, that money can go further since Phoenix has a more affordable way of living.”
Maricopa County is the fastest-growing county in the nation, and metro employment has grown 12% during the past five years. More than 60% of these 85,000 jobs pay over the median household income, and Arizona universities have graduated 70,000 STEM grads since 2010, said Drew Callow, a GPEC research analyst and one of the report authors.

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