What to Know about Living and Working in Silicon Valley and the Bay Area
Thinking about making the move to the greatest city in the world? The first thing you should know: San Francisco is expensive. Second thing you should know: It’s small. These two factors will play major roles in your decisions and life here, should you choose to accept it.
San Francisco is frequently cited in the top five most expensive cities to live in the U.S. Unsurprisingly, a major concern for potential job candidates is the exceptionally high housing costs, an issue that current Valley residents are worried about also. Unless you’re moving from New York City, the sticker shock of San Francisco will take you by surprise. And it’s not just the cost of housing. That cup of coffee poured by the hipster barista could cost you $16.
Being in such proximity to Silicon Valley, one would think that San Francisco is all about the latest startups, but if you look beyond the shiny new tech skyscrapers illuminating the skyline, there’s much more than that. San Francisco is filled with extremes and contradictions, ranging from the microclimates to the economy. Multimillion-dollar homes sit next to tents. Residents want to do everything to solve the city’s housing crisis except build more housing. Denizens and politicos recognize the dearth of housing has crippled its population and that something needs to be done, but in the same breath quell affordable-housing plans. There is not a lot of housing stock. Period.
A pragmatic-yet-optimistic characteristic has benefited the region in two important ways. First, it has instilled a strong sense of resilience and reinvention. In Silicon Valley, people fail but pick themselves up, dust themselves off, and continue. Second, it has encouraged prudent risk taking. More than half of Silicon Valley high-tech professionals who took the Accenture survey consider their company to be a high-risk taker, compared with just a quarter of non-Silicon Valley respondents.
Given the volatility and uncertainty of Silicon Valley’s tech industry, risk taking is a matter of hard-nosed pragmatism. As Mark Zuckerberg, CEO of Facebook, has observed: “The biggest risk is not taking any risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
Those living in or near Silicon Valley may sometimes feel as if they live on a different planet than most other parts of the US. In Silicon Valley, it’s not atypical for people to work 80-hour weeks, accept payment via bitcoin, or travel everywhere by electric scooter. However, Silicon Valley and the Bay Area have a lot to attract families. There are beaches, countryside, hikes, history, and lots of art, drama, and social events.
Once you’ve weighed the pros and cons and have decided to make the leap, Controller’s Group Inc. is here with all your job search needs. We help place job seekers in the top financing and accounting positions in the marketplace.