Saturday, January 22, 2022
Archived Post

Study: Apple engineers can’t afford to live near their offices

Apple engineers can’t afford to live near their Cupertino, California offices, according to the real-estate startup Open Listings (as noted by Fast Company), which looked at median home sales prices near the headquarters (meaning within a 20-minute commute) of some of the Bay Area’s biggest and best-known tech companies. 

Using public salary data from Paysa, Open Listings then looked at how many software engineers from those companies could actually afford to buy a house close to their office. They found thatApple engineers would have to pay an average of 33% of their monthly income for a mortgage near work. That’s the highest percentage of the companies analyzed, and home prices in Cupertino continue to skyrocket.

It would cost Google engineers 32% to lave near their Mountain View HQ. Living near the Facebook office in Menlo Park would cost an engineer 29% of their monthly paycheck.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.