Cities With the Fastest Growing High-Tech Sectors

10/03/2022 Rankings

24/7 Wall St

March 21, 2022

Technology is a crucial driver of economic growth. It raises the productivity of existing industries and creates new ones. Areas with booming high tech sectors often have thriving economies and strong socioeconomic indicators. The tech sector also generates high-paying jobs. (These are the best paying jobs in America.)

To determine the cities with the fastest growing high-tech sectors, 24/7 Wall St. reviewed employment data by industry from the Bureau of Labor Statistics Quarterly Census of Employment and Wages. Metropolitan statistical areas were ranked by the percentage increase in employment in “high-tech” industries from 2015 to 2020. The BLS defines high-tech industries as those with a high concentration of STEM (science, technology, engineering, and mathematics) occupations.

It is important to note that high-tech is more than semiconductors and computers. It extends to chemicals, pharmaceuticals, aerospace products, and other industries. Also, as is clear from our list, U.S.’s high-tech industry is not all concentrated in Silicon Valley. There are cities with fast-growing high-tech sectors all across the country. In fact, the top three cities are not generally regarded as tech centers.

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