Want to get a job in the surging blockchain industry? With developer salaries reportedly as high as $500,000, we can understand why. Which city is the best in America for a job working with blockchain technology? One company sought to answer that question.
CryptoFundResearch.com analyzed 300 cities across the United States to create its list of the top 20 cities in America for blockchain jobs. The company started by examining over 3 million job listings across four websites, then isolated blockchain-specific job postings.
Next, cities were evaluated by the number of major blockchain startups, the number of new blockchain companies formed in the last 120 days, the number of crypto funds, and the status of the overall employment market.
These factors were weighted differently. The number of blockchain job postings and the number of top 300 blockchain companies located in the city accounted for 30% of the ranking each, for example, while the number of crypto hedge funds and venture capital firms accounted for 20%, the number of new blockchain startups in the last 120 days accounted for 10%, and the overall health of the job market was weighted at 10%.
The goal was to create “a far more thorough and holistic examination of the current climate for blockchain jobs in each city, and also serves as an indicator for potential growth of the job market.”
Without further ado, let’s look at the list of the top 20 cities in the United States to get a blockchain job, courtesy of our friends at CryptoFundResearch.com (in descending order from number 1 to 20)
- San Francisco, California
- New York City, New York
- Chicago, Illinois
- Los Angeles, California
- Boston, Massachusetts
- Palo Alto, California
- Austin, Texas
- Menlo Park, California
- Seattle, Washington
- Denver, Colorado
- Atlanta, Georgia
- Sunnyvale, California
- Mountain View, California
- San Jose, California
- Portland, Oregon
- San Diego, California
- Nashville, Tennessee
- Oakland, California
- Santa Clara, California
- Washington, DC
To absolutely nobody’s surprise, the list is dominated by America’s largest cities – like Los Angeles, Chicago, and New York – as well as Silicon Valley.
Of the 20 cities on this list, nearly half (8 of them) are from the Bay Area of San Francisco, with Palo Alto, Menlo Park, San Jose, Sunnyvale, Santa Clara, and Mountain View all making up the heart of Silicon Valley.
It’s important to note that San Francisco and New York blew the other cities out of the water with scores approximately 400% higher than the competition. San Francisco scored 81.31, for example, while New York scored 78.97. The next two cities with the highest scores, Chicago and Los Angeles, scored 21.32 and 21.15, respectively.
There are a couple surprises on the list. Nashville and Atlanta, both of which have growing tech hubs, represented the southeastern portion of the country. Some may also be surprised to see Washington, DC on the list.
The complete study is available for viewing. It’s an interesting look at how the blockchain industry is distributing itself across the United States – including the best places where a talented blockchain developer can find a job.