Silicon Valley How Much Money Do People Have?
Silicon Valley sits in the southern part of the San Francisco Bay Surface area. Information technology is home to Apple tree, HP, Intel, Oracle, Cisco and many other engineering companies. It sits in the Santa Clara Valley and includes the city of San Jose.
If you are considering moving to Silicon Valley, the various costs listed below volition help you make an informed conclusion on what costs are involved when moving and living in this surface area of body of water and mountains.
Quick Silicon Valley Facts:
- Population: 3 million (2016 estimate).
- Official Language: English (de facto) with over 100 spoken in the area including Castilian, Tagalog, Vietnamese, Chinese, French and High german.
- Gdp Per Capita: $65,212 USD (2017 judge)
- Valley of Expiry: Before the advent of the internet, Silicon Valley was known equally the Valley of Death as people feared personal computers would take over their jobs.
- Currency: US Dollar (The states$). Equally of early 2017, £1 = $1.25, €i = $i.08, $1 CAD = $0.75, $1 AUD = $0.77
i. Moving and Aircraft Costs to Silicon Valley
Below are some sample container aircraft costs to Silicon Valley from other major world cities. Just keep in heed they only reflect the aircraft portion of the cost and non the total moving costs.
- New York Urban center – $525+
- Los Angeles – $155+
- Canada (Vancouver) – $565+
- UK (London) – $1,508+
- Australia (Sydney) – $1,156+
- Ireland (Dublin) – $1,742+
- New Zealand (Auckland) – $1,823+
- Hong Kong – $i,195+
- Dubai – $three,030+
- Singapore – $2,003+
Source: WorldFreightRates.com
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ii. Silicon Valley City Housing Costs
Property in Silicon Valley is expensive and the cost of living is high but salaries are also high.
Monthly Rental Prices in Silicon Valley
- 1 bedroom flat (flat) in City Centre: $ii,200+
- one bedroom apartment outside the City Centre: $1,800+
- 3 bedroom flat in City Middle: $iii,362.50+
- 3 sleeping accommodation apartment outside the City Center: $two,900+
Silicon Valley Home Buy Prices
- Price per foursquare metre (ten.7 foursquare anxiety) to buy in Metropolis Centre: $6,894.88
- Cost per square metre (ten.7 square feet) to buy outside Urban center: $4,974.23
Silicon Valley Housing Cost Comparison
This is how rents in Silicon Valley compare with other cities around the earth.
London is 16.47% cheaper
New York xix.89% higher
Los Angeles is 19.65% cheaper
Toronto is 52.29% cheaper
Sydney is 20.65% cheaper
Paris is 48.41% cheaper
Dubai is 12.43% cheaper
Source: Numbeo
How to Save on Housing Costs
- Share an apartment or house. Have a look at the following sites to find your perfect roommate: : Easyroommate, Roommates, Kangaroom, For Rent and Yelp.
- Unlike areas – dissimilar prices. Palo Alto is i of the all-time places to alive in Silicon Valley. It provides a great quality of life, parks and green space and fine dining. San Mateo is an interesting neighbourhood with a diverse population, many celebrated buildings, parks and restaurants. Menlo Park is Facebook's habitation and is home to the environmentally conscious and educated. Mount View is an expensive, pop for its golf grade and parks. Redwood City is extremely proud of its revitalised downtown area and information technology has an amazing number of parks. San Jose has many areas to choose from, each with a different feel, character and price tag.
three. Silicon Valley Nutrient, Grocery and Eatery Costs
Silicon Valley has restaurants serving food from most countries in the world. They range from bang-up burgers to excellent fine dining.
- Inexpensive Eating place: $12 – $xx
- Takeout Coffee: $iii.75 – $5.00
- Bottle of Coke: $one.00 – $iii
- 1L of milk: $0.79 – $ane.32
- Loaf of Staff of life: $2.20 – $4.41
- 12 Eggs: $2.80 – $six.00
- 1kg Chicken: $vi.61 – $xiii.23
- 1kg Beef: $8.82 – $17.64
- 1kg Apples: $2.65 – $half dozen.61
- 1kg White Rice: $two.20 – $vi.60
This is how restaurants and food prices compare with other major cities in the globe.
- London restaurants are 8.28% more expensive and groceries are 28.50% cheaper than Silicon Valley.
- New York restaurants are 21.00% more expensive and groceries are 20.69% more expensive than Silicon Valley.
- Los Angeles restaurants are 0.92% cheaper and groceries are 8.95% cheaper than Silicon Valley.
- Toronto restaurants are 20.09% cheaper and groceries are 23.85% cheaper than Silicon Valley.
- Sydney restaurants are 9.52% cheaper and groceries are 2.72% cheaper than Silicon Valley.
- Paris restaurants are 0.67% cheaper and groceries are seven.42% cheaper than Silicon Valley.
- Dubai restaurants are 22.34% cheaper and groceries are 30.23% cheaper than Silicon Valley.
Source: Numbeo
Bonus Tips for Cheaper Food, Restaurants and Groceries
- Know your supermarkets: The towns of Silicon Valley have a large number of independently owned grocery stores and ethnic stores also as the usual supermarket chains. At that place are also farmers' markets and shops which sell health and organic foods. Popular supermarkets are Whole Foods Market, Trader Joe's, Chevez Supermarket in San Jose, Molly Stones in San Mateo and Bianchini's in San Carlos.
- Find Inexpensive Eats: With a little bit of effort you lot can find places which offering first-class food at affordable prices. Take a look at Serious Eats, Yelp , TripAdvisor (San Jose), TripAdvisor (San Mateo), Yelp (San Carlos) and TripAdvisor (Palo Alto).
four. Silicon Valley Booze Costs
The variety of watering holes throughout Silicon Valley is astounding. Whatever vibe you lot are looking for, you will detect it here.
- Pint (0.5L) domestic beer at a restaurant/pub: $three.00 – $half dozen.00
- Bottle of imported beer at a restaurant/pub: $5.00 – $8.00
- Pint (0.5L) domestic beer at a supermarket: $1.50 – $3.00
- Bottle of imported beer at a supermarket: $2.00 – $3.50
- Mid-range bottle of wine at a supermarket: $ten.00 – $15.00
How to drink for less in Silicon Valley
- Keep an eye on the local papers and websites for specials over weekends and public holidays.
- Sundance the Steak Firm in Palo Alto has happy hour Mon to Friday from iv-6pm. They offer business firm vino and draft beer for $5 and cocktails for $7. If you enjoy trendy bars, try SP2 Communal Bar in San Jose from three-7pm and potable bottled beer for $4, draught beer and wine for $5 and cocktails for $vi. Have a look at the post-obit websites and see which establishment suits yous – Bay Surface area, Yelp, 7 x 7, TripAdvisor, Meetup and Stephen Husted.
5. Silicon Valley Transportation Fares
Silicon Valley has an excellent transport system for moving around and in and out of the valley. Santa Clara Valley Transportation Authority runs busses and low-cal runway throughout San Jose, Santa Clara and Sunnyvale.
The Caltrain takes you around San Jose and into San Francisco. The Acetrain takes passengers out of San Jose towards Livermore and Stockton and has stations in San Jose, Santa Clara and Dandy America. Bay Area Rapid Transit moves thousands of people every day around Silicon Valley and San Francisco.
Here are some instance ticket costs (San Jose)
- Adult Single – $two.00
- One solar day ticket – $half dozen.00
- Monthly season ticket, unlimited – $seventy
- Annual season ticket, unlimited – $770
How to save coin on public transport
- Buy a Clipper Card to get the best daily, monthly and annual deals
- Buy a bike. San Jose is in the process of developing more cycle lands and depending on where you lot live and work, cycling to and from work may be an pick. Many cities in Silicon Valley accept defended bike lanes.
- If you live relatively close to where yous piece of work, try walking.
6. Cost of Internet in Silicon Valley
Despite being the world technology capital, internet prices in Silicon Valley are not really much different from the balance of the Usa, which means someone expensive by global standards.
- Xfintiy: From $29.99/month for for 10 mbps.
- AT&T: From $40.00/mo for 45 mbps
7. Toll of Clothing, Personal Items, Gym and Leisure
Silicon Valley'due south hottest month is in April where the temperature reaches an average loftier of 77°F (25°C). Its coldest calendar month is in January, where the average temperature plummets to 72°F (22°C)! September is the wettest month with an average rainfall of x inches (240mm). Silicon Valley enjoys around 300 days of sunshine a year.
Here are some wear prices, together with other useful prices.
- Pair of Jeans: $34 – $threescore
- Summer Apparel: $25 – $75
- Running Shoes (Trainers): $50 – $85
- Business Shoes: $60 – $130
- Short Doctor's visit (15 mins): $94
- Deodorant: $3.twoscore
- Shampoo: $5.21
- Toilet Paper (4 rolls): $3.12
- Gym membership: $20-$l per month
- Movie (cinema) ticket: $12-$15
Source: Numbeo and Expatistan
8. Cost of Owning a Auto and Driving a Automobile in Silicon Valley
It depends on where you lot alive in Silicon Valley as to whether you desire to utilise your car for work. Many people prefer to use public transport and avoid the traffic. Besides many of the workers in Silicon Valley are environmentally conscious and so desire to reduce their carbon footprint, and so they opt to walk or cycle to work.
If you're moving to Silicon Valley from within the Us, you'll be able to keep your license simply demand to update your accost to your new 1.
Y'all can bulldoze on a foreign license for upward to 12 months as a tourist but after that yous volition need to go an American license. If you are working or studying in the United states of america, you tin drive on your foreign license for 30 days. If you want to substitution your foreign driver'southward license you lot have to follow the procedure hither.
Here are another sample costs of owning and operating a auto in Silicon Valley:
- Volkswagen Golf:$22,000
- 1 litre (¼ gallon) of gas (petrol):$0.76
- Other fees (if any): The boilerplate cost of land and local taxes, license, title and registration fees is $665 per annum
Source: Expatistan, AAA Written report
Ways to salvage money driving in Silicon Valley
- Car sharing or pooling is one way to relieve money. Try Auto Pool Globe, Ridesharing and eRideshare.
- Taxis can sometimes be a cheaper option, specially if you are going to accept to park all day. Try Uber or Lyft.
Demand your motorcar/vehicle moved to Silicon Valley? Then read our guide to: Car Send & Vehicle Shipping
ix. Taxes in Silicon Valley
No affair where you live in California who have to pay land and federal revenue enhancement. To learn more about the different taxes in usa go to Immihelp and USA taxes.
Sales Tax in Silicon Valley is 8.5% and is added to most goods and services. Generally, the price yous come across on an item does not include sales tax.
If you ain your habitation, you lot volition exist subject to property tax based on the area in which y'all live and the size of the property y'all live in. Learn more about property tax in Silicon Valley at Holding Tax.
Finally, if you decide to buy an apartment or house in Silicon Valley y'all'll have to pay existent estate transfer tax.
10. Flight Costs from Silicon Valley
If you do make the move to Silicon Valley, here's approximately how much it volition toll to fly to other major globe cities based on lowest, ane-way fares from Skyscanner as of early 2017:
- London: $346
- Los Angeles: $59
- New York: $125
- Toronto: $163
- Vancouver: $89
- Dubai: $626
- Sydney: $590
- Melbourne: $582
- Greatcoat Boondocks: $942
- Hong Kong: $389
Other Tips on Moving to Silicon Valley
The costs and pricing above should give you a practiced thought of the cost of living in Silicon Valley simply perhaps the following extra tips will make your move get smoothly.
xi. Relocating to Silicon Valley Solitary
Moving anywhere can be a lonely experience, only moving to a new city can be rather daunting. Hither are a few tips virtually relocating to and settling in Silicon Valley.
- Meetups: There are many Meetup groups to choose from. You will definitely find something to join which will help you lot to settle in.
- Attend local events:There's always lots going on in Silicon Valley. Have a wait at Concern Insider, TripAdvisor, Expedia and Silicon Valley Guide.
12. Moving to Silicon Valley with a Family
Silicon Valley has a lot to attract families. There are beaches, countryside, hikes, history and lots of art, drama and social events.
- New parents (or parents to exist): In that location are free and paid antenatal classes and courses. Have a look at PAMF and Bay Surface area Nascence Info.
- Live in a family friendly area: Most of Silicon Valley is considered family friendly as you can see by the number of families that live all over the area. At that place are fantabulous schools and family homes throughout the region.
- Find things to do with the kids: Silicon Valley is fun place for kids to live. Take a look at the post-obit sites to be inspired – SV Toddler, Silist, Visit SF Bay and Visit California.
13. Moving to Silicon Valley for Piece of work
People generally move to Silicon Valley for work. While information technology is possible to motility without a job, it makes sense to ensure there are jobs in your field before yous make the move.
The obvious jobs are in the high-tech industry but other fields, such as law, finance, pedagogy, health and service industries are as well big employers in the surface area.
Here are a few things to consider when moving for work:
- Bacon: Salaries vary enormously depending which industry you are in. The costs nosotros outlined higher up should give you a rough idea, how much more you lot'll want to be making to make the movement worthwhile. You tin besides cheque salary ranges on sites such as Glassdoor and Payscale.
- How to find work: If you want to accept a task lined up before yous move to Los Angeles, but aren't sure where to begin, the following sites are expert places to start:Monster, Indeed, and Snag a Chore. You may likewise want to google recruiters in your manufacture, as they tin oftentimes help land you lot some initial interviews equally well.
14. Moving to Silicon Valley from Australia
There's a large grouping of Australians living in Silicon Valley. It is estimated that there are twenty,000 software engineers before you begin on other skills, so if you are thinking of joining them, here are a few things to consider.
- Size comparison: If you compare the population size of Silicon Valley with a metropolis in Australia, then the closest would exist a slightly larger version of Brisbane.
- Join expat groups: There are a number of expat groups enabling you to meet swain Aussies. Attempt Internations and Aussie Founders Network.
15. Moving to Silicon Valley from Canada
There are over 350,000 Canadians living and working in Silicon Valley then if you're because making the move from Canada here are a few things to consider.
- Size comparison: If yous await at the population size of Silicon Valley, the nearest sized urban center in Canada would be somewhere between Vancouver and Montreal.
- Expat groups: Coming together upwards with fellow Canadians helps the moving process. Link up through sites such as InterNations and Meetup.
16. Moving to Silicon Valley from the Uk
There are thousands of talented Brits working in Silicon Valley, if you would like to join them, here are a few things to consider.
- Size comparing: If y'all compare the population size of Silicon Valley with the size of a city in the UK, then think of a city three times the size of Birmingham.
- Expat groups: If you desire to get together with others from the Uk who are enjoying Silicon Valley, so get to Internations and Meetup.
Hopefully, the tips and costs above are helpful. If want to get started pricing out how much information technology volition price you to move to Silicon Valley you tin can start by comparison moving quotes here.
Guides to other cities in the Bay Area & Silicon Valley
- Cupertino
- Menlo Park
- Mountain View
- Oakland
- Palo Alto
- San Francisco
- San Jose
- Sunnyvale
Guides to other cities in California
- Anaheim
- Fresno
- Long Embankment
- Los Angeles
- Sacramento
- San Diego
Guides to moving and living in other American cities
- New York
- Washington D.C.
- Miami
- Houston
- Chicago
- Phoenix
- Dallas
Source: https://moverdb.com/moving-to-silicon-valley/
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