‘Favorable alternative’

Dallas-Fort Worth outranks Silicon Valley in new report of best tech cities

DFW jumped from No. 7 last year to No. 2 this year.

Photo by Joe Daniel Price/Getty Images

As a tech hub, Dallas-Fort Worth outshines the San Francisco Bay Area this year. DFW ranks second on a list of the best tech towns in the U.S., with both Silicon Valley and San Francisco slipping in the third annual ranking.

Neighboring Austin ranked No. 1.

Based on job-posting data from August 2019 to July 2020, the CompTIA trade group looked at 20 metro areas with populations over 250,000 and where demand for tech workers is greatest. CompTIA then ranked the metros on cost of living, number of postings for IT jobs, and projected IT job growth over the next year as well as the next five years.

DFW jumped from No. 7 last year to No. 2 this year. CompTIA attributes DFW’s leap to the sheer number of IT jobs available (178,579 job postings last year), with projections of more to come (3 percent growth from 2020 to 2021 and 11 percent in the next five years).

The median salary for IT professionals in DFW is $94,044. CompTIA says the cost of living in DFW sits 2 percent below the national average.

The trade group identifies these companies that are aggressively hiring IT professionals in DFW:

Lockheed Martin
JPMorgan Chase
USAA
Citi
Deloitte
Verizon
Wells Fargo
IBM
NTT Data
InfoVision

“In short, the conventional technology enterprises have set the tone for the Dallas tech scene,” the report says, “while emerging technology companies are taking it to the next level.”

Texas' capital city ranked first in CompTIA’s 2019 and 2020 reports and third in the inaugural 2018 report, besting Silicon Valley every year. By comparison, San Jose, California, holds the No. 4 spot this year, down one spot from 2019 while San Francisco appears at No. 7 this year, down from No. 5 the year before.

“Home to 5,500 startups and tech companies, Austin has become a favorable alternative to the Bay Area and New York City for companies of all sizes that are looking to grow,” CompTIA says in its Tech Town Index report, released November 10.

CompTIA says more than 100 tech companies have relocated to the Austin area in the past two years, adding more than 4,600 jobs. IT job postings continue to grow in the region, with a year-over-year increase of 19,000 jobs. The group notes that the Austin area remains one of best places to live in terms of cost of living — about 4 percent below the national average and the fourth most affordable market among the 20 metros on this year’s index.

Over the next five years, CompTIA predicts IT job growth of 16 percent job in the Austin area. The region’s median salary for tech professionals is $87,880.

Here are the top 10 metros in this year’s Tech Town Index:

Austin
Dallas-Fort Worth
Raleigh, North Carolina
San Jose, California
Charlotte, North Carolina
Seattle
San Francisco
Atlanta
Huntsville, Alabama
Denver

Jobs report

Texas ranks among 10 best states to find a job, says new report

Photo by Christina @ wocintechchat.com on Unsplash

You have a better chance of landing a job in Texas than in most other states.

If you’re hunting for a job in Texas amid a tough employment market, you stand a better chance of landing it here than you might in other states.

A new ranking by personal finance website WalletHub of the best states for jobs puts Texas at No. 7. The Lone Star State lands at No. 2 in the economic environment category and No. 18 in the job market category.

Massachusetts tops the list, and West Virginia appears at the bottom.

To determine the most attractive states for employment, WalletHub compared the 50 states across 34 key indicators of economic health and job market strength. Ranking factors included employment growth, median annual income, and average commute time.

“Living in one of the best states for jobs can provide stable conditions for the long term, helping you ride out the fluctuations that the economy will experience in the future,” WalletHub analyst Chip Lupo says.

In September, Gov. Greg Abbott announced Texas led the U.S. in job creation with the addition of 195,600 jobs over the past 12 months.

While Abbott proclaimed Texas is “America’s jobs leader,” the state’s level of job creation has recently slowed. In June, the Federal Reserve Bank of Dallas noted that the state’s year-to-date job growth rate had dipped to 1.8 percent, and that even slower job growth was expected in the second half of this year.

The August unemployment rate in Texas stood at 4.1 percent, according to the Texas Workforce Commission. Throughout 2025, the monthly rate in Texas has been either four percent or 4.1 percent.

By comparison, the U.S. unemployment rate in August was 4.3 percent, according to the U.S. Bureau of Labor Statistics. In 2025, the monthly rate for the U.S. has ranged from 4 percent to 4.3 percent.

Here’s a rundown of the August unemployment rates in Texas’ four biggest metro areas:

Austin — 3.9 percent
Dallas-Fort Worth — 4.4 percent
San Antonio — 4.4 percent
Houston — 5 percent

Unemployment rates have remained steady this year despite layoffs and hiring freezes driven by economic uncertainty. However, the number of U.S. workers who’ve been without a job for at least 27 weeks has risen by 385,000 this year, the Bureau of Labor Statistics reported in August. That month, long-term unemployed workers accounted for about one-fourth of all unemployed workers.

An August survey by the Federal Reserve Bank of New York showed a record-low 44.9 percent of Americans were confident about finding a job if they lost their current one.

This story originally was published on our sister site, InnovationMap.

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