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. 

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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.