Detroit fastest growing city for tech jobs (but salaries are low, which probably explains it)

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(WXYZ) - Step aside Silicon Valley, the tech industry is growing in Detroit.

According to a report by Dice.com —a career website for technology and engineering professionals and companies in the US—Detroit is the fastest growing metro area in the industry. The study is based on the number of technology jobs posted by zip code on Dice.com in February 2011 vs. February 2010.

Rounding out the top five cities in the study are Cincinnati in second, showing 75% growth from last year, Cleveland, Columbus and Seattle.

The February Dice Report —which provides a current snapshot on the technology job market and is based on factors like salary, geography, skills and job demand—states there are 800 available tech positions in Detroit on any given day.

That statistic is double what it was in 2010. Detroit tech professional’s average salary is also up from last year, climbing two percent to $71,445.

http://www.wxyz.com/dpp/money/job_finder/dice.com-names-detroit-fastest-growing-tech-city

[mawilson 2,133]

Time to buy that $10,000 home?

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Time to buy that $10,000 home?

That $10,000 home was $100 back in 2008!

[mawilson 2,133]

That $10,000 home was $100 back in 2008!

If Detroit comes back strong in a decade or so, it'll be worth $100,000.

Edited February 9, 2011 by mawilson

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If Detroit comes back strong in a decade or so, it'll be worth $100,000.

If not more.

[Trompe le Monde 1,107]

$70k is not a bad salary in Detroit - probably the equivalent of earning $150k-$200k in Manhattan

You can afford a nice house and have money for extras.

[mawilson 2,133]

If not more.

But probably not much more - Midwestern home prices never went through the roof and

have always been below the national average.

[Saddle Bronc 124]

But probably not much more - Midwestern home prices never went through the roof and

have always been below the national average.

Except in Chicago, where they do get some priceys.

[웃 910]

Time to do the slim:

Time to buy that $10,000 home?

No. Being a landlord sucks. Being a landlord in Detroit sucks much worse.

That $10,000 home was $100 back in 2008!

Doubt it. Unless they put $9,900 into it!

If Detroit comes back strong in a decade or so, it'll be worth $100,000.

... A house in Detroit worth $100,000...Might happen if we got hyper inflation and $100 today was worth $100,000 tomorrow.

If not more.

Houses in Detroit are sh!t...There is no new construction like in growing areas and suburbs...No new condos popping up. No new apartments. No new houses...The houses are torn down, boarded up, older than dirt, full of problems. I wonder if they have a study on the average repair cost of a house in Detroit to get it up to code. Probably needs a good $18,000 of work.

There is not one neighborhood in Detroit that isn't infested with drugs. It is a very pathetic city...

Edited February 9, 2011 by Lord Infamous

[mawilson 2,133]

There is not one neighborhood in Detroit that isn't infested with drugs. It is a very pathetic city...

You could say the same thing about NYC not too long ago.

[Amby 490]

If Detroit comes back strong in a decade or so, it'll be worth $100,000.

I read something the other day about the city selling homes to city police officers who live outside of the city for like $100 (I don't remember the exact number...maybe it was $1?) just to try to improve the safety of neighborhoods. Become an officer and you can get a cheap house too

[Saddle Bronc 124]

If Detroit comes back strong in a decade or so, it'll be worth $100,000.

Yeh, if your home just happens to be the RenCen.