Tech workers and startups are finding it less and less cost feasible to stay in the Bay area and are planning on leaving it within the next few years.
According to the Economist, 46% of Silicon Valley residents say they plan to leave within a few years. This is up from 34% in 2016.
Tech behemoths like Google and Facebook are making it more difficult for startups and lower tier workers to make the move as they continue to increase in size and employee count.
The current average price of a Silicon Valley home is $935,000, this is up 25% from 1 year ago.