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Baltimore ranks in top 10 spot for fastest-growing tech markets

In ZipRecruiter’s analysis of emerging tech hubs, the Baltimore metro area ranked tenth out of the top 20 fastest growing tech markets. Baltimore outpaced significant metros, including Indianapolis, Denver and Tampa.

Despite having the second highest median early career pay in ZipRecruiter’s analysis, Baltimore’s housing costs are far below market’s with similar compensation levels. For example, Baltimore’s median rent and home prices are respectively 21% and 27% below Chicago, which has a similar early career median pay of $62,200. Baltimore’s concentration of talent, education and affordable cost of living have helped drive tech growth.

Area startups have raised over $50 million in venture capital so far in 2017, with cybersecurity firm ZeroFox being the most recent, raising $19.25 million in a Series C funding round.

Source: JLL Research, JLL Global Office Index Q1 2017, based on rents for Class A space. 

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