Things are looking sunny for job seekers in California.
Golden State cities including San Jose, San Francisco, San Diego, Los Angeles and Sacramento topped Indeed’s Best Cities for Job Seekers 2018report released on Thursday. Indeed analyzed data for the 50 metro areas with the most job postings on its site and ranked them by factors reviewed in its database including: the ratio of jobs available to the number of job seekers; the average salary adjusted for cost of living; how high employees score for work/life balance; and how high employers score for job security and advancement opportunities.
San Jose came in first place despite having lower average salaries than many cities (coming in 35th place for pay) thanks to being ranked number one for job market favorability. It is the home of Silicon Valley, after all and the site of Apple’s new campus. San Jose also scored highly in work/life balance and job security and advancement.
Neighboring San Francisco, home to Uber, Lyft, Airbnb, Pinterest and Twitter, came in second place for sharing the same vibrant job market, work/life balance and job security. And Glassdoor reports that the City by the Bay has enjoyed the fastest job growth and the biggest wage growth of the cities it’s tracking this year. Boston, San Diego and LA rounded out the top five.
It’s important to note that the west coast cities ranked relatively low on the salary scale once pay was adjusted for cost of living, however, as rents and housing prices may be outpacing salaries. But money can be stretched further out west.
“A recent Hiring Lab report looked at where tech salaries go furthest in the US, which found that tech salaries in San Jose and San Francisco were actually at the top of the pack after being adjusted for cost of living,” Paul D’Arcy, Indeed’s senior vice president of marketing, told Moneyish. “It is also interesting to see that the salary rankings for metros like San Jose and San Francisco are more favorable than Miami, New Orleans, Washington DC and even other California metros like Los Angeles and San Diego.”
It’s a job-hunter’s market right now, with US unemployment at a 17-year low and the 313,000 jobs added in February notable for being the biggest monthly increase in almost 2 years. And the west coast isn’t the only place where job seekers are basking in opportunity.
Several Midwestern cities make this year’s list after being largely frozen out of Indeed’s rankings last year. Minneapolis cracked the top 10, coming in at number six overall for having the third most favorable job market. It’s biggest employers include 3M, Target, Allina Health System,and the State of Minnesota, as the capital is nearby. In fact, its home state of Minnesota was recently named the third-best state for millennials by WalletHub due to being rated highly for economic health, civic engagement and quality of life. And five other Midwestern states, including Milwaukee (11th), Columbus (19th), Omaha (20th), St. Louis (21st) and Chicago (24th) made the top 25, with Milwaukee and Omaha scoring high in job market favorability and St. Louis ranking high in salary.