- Venture capitalists and Silicon Valley elites loom on the sunny beaches of Miami, Florida.
- This exodus will likely create new job opportunities for software developers in Miami.
- Insider analyzed federal disclosure data collected over the past three years to see salary potential.
- See more stories on the Insider activity page.
It seems like everyone is leaving Silicon Valley and andendu to the sunny beaches of Miami, Florida.
Venture capitalist Delian Asparouhov, founder of Shutterstock Jonathan Oringer, and investor Keith Rabois they all fled the Bay to South Florida. When Asparouhov tweeted last December that Silicon Valley should move to Miami, Mayor Francis Suarez he replied to his tweet “How can I help?”
Entrepreneurs and technicians love South Florida is not for its costs but for its own financial benefits. The city is in the process of creating incentives for companies to move their operations there as well said the mayor to the Miami Herald in May 2021 that, if approved, these incentives could lead to 250,000 square feet of office space and 1,412 jobs with average salaries of $ 135,000.
Meanwhile, a moving society has sprung up moveBuddha found that Miami experienced a 16% net gain in residents through relocation between December 2019 and January 2021 and that San Francisco was the second most common source of movement in the city (it was second only to NYC).
To see what Miami companies pay their technology workers, Insider analyzed U.S. U.S. Office of Foreign Labor Certification disclosure data for current and future foreign workers collected between 2018 and 2021.
While the data has some limitations – it includes only data for foreign workers with “developer” or “engineer” in their title, it sometimes includes wage ranges instead of exact figures, and includes only base pay versus total compensation, which may include bonuses or stock – always providing a look at the opportunities that software developers can expect in the growing technology center.
Here’s how many companies are willing to pay software developers and engineers in Miami in 2021: