AM_OrangeCounty Why_SoCal_Tech | Page 13

Employers and employees benefit from cost savings Who wants to live in the valley when you can live on the beach? That is a question more and more tech/med-tech professionals are asking themselves and, given that the top tech/med-tech markets in the United States are known to have a higher cost of living, the Southern California region boasts one of the more affordable areas, second only to Seattle. Moreover, with a high quality of life, abundant amenities including world-class dining and nightlife, amusement parks and beautiful beaches, plenty of outdoor activities which can be done year-round, and of course, the best weather in the world, more and more entrepreneurs and tech/med-tech professionals are looking to call Southern Cal ifornia home. Apartment rents are more affordable in SoCal > $ 4,000 Source: JLL Research, Axiometrics City Average monthly rent New York $4,583 San Francisco $3,388 Silicon Valley $2,683 Boston $2,542 Los Angeles $2,492 San Diego $2,155 Orange County $2,107 Seattle $1,926 $3,000 – $ 4,000 $2,500 – $ 3,000 $2,000 – $ 2,500 < $2,000