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Expand chart
ZipRecruiter; Chart: Naema Ahmed/Axios

A growing number of tech companies, big and small, are relocating to (or opening additional offices in) emerging startup hubs. But as they seek relief from the high cost of doing business in Silicon Valley, they are finding that salaries in cities like Salt Lake City, Denver, and Atlanta are on the rise.

Why it matters: Companies have increasingly bemoaned the challenges of growing in San Francisco and the rest of the Bay Area due to housing shortages, skyrocketing engineer salaries and other costs. But as other emerging hubs in the U.S. see a boom in their local tech industries, they may not be less expensive job markets for long.

  • Data from online jobs marketplace ZipRecruiter shows this trend, but it's also felt by entrepreneurs and software startup founders.

What's next: As big tech companies like Apple, Google, and Amazon open new offices or continue to grow in these cities, expect the competition for tech talent to intensify.

To be sure: Salaries for tech jobs appear to be increasing everywhere, not just in those few cities, highlighting the overall demand for such workers.

Methodology: ZipRecruiter, an online jobs marketplace, shared with Axios salary data for these cities, covering about 300 job titles the company includes in its "tech jobs" category.

Go deeper:

Go deeper

38 mins ago - Health

CDC director says COVID-19 messaging should have been clearer

Rochelle Walensky. Photo: Stefani Reynolds-Pool/Getty Images

Rochelle Walensky, director of the Centers for Disease Control and Prevention, said in an interview with the Wall Street Journal that the messaging around the COVID-19 pandemic and changing guidance should have been clearer.

State of play: Walensky is being coached by media experts and is planning to have more press briefings by herself in order to ensure that CDC is seen as an independent, scientific entity, rather than as a political one, the Journal reports.

56 mins ago - World

UAE asks U.S. to reinstate Houthi terrorist designation after attack

Secretary of State Tony Blinken (left) listens to United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan during a joint news conference at the State Department iin October. Photo: Andrew Harnik/Pool/AFP via Getty Images

Emirati Foreign Minister Abdullah Bin Zayed asked Secretary of State Tony Blinken in a phone call Monday to re-designate the Houthi rebels in Yemen as a terrorist organization, a senior Emirati official told Axios.

Why it matters: Less than a month after he assumed office, President Biden rolled back the Trump administration’s decision to make the designation. He said it hampered humanitarian assistance to the Yemeni people. Since then, the Houthis have escalated their attacks against Saudi Arabia and other countries in the region — including an attack Monday in Abu Dhabi.

Updated 1 hour ago - Economy & Business

World Bank: Gap between rich and poor countries is widening

Illustration: Sarah Grillo/Axios

For the last two decades, incomes in poorer countries were catching up to rich countries. The pandemic economy of the 2020s may reverse the trend, the World Bank warns in a new report.

Why it matters: Falling inequality between countries has been one of the most positive trends of the 21st century. If it reverses, it implies more human suffering and geopolitical instability.