According to this study from the American Enterprise Institute.
A new study from the AEI Housing Center examines the 30 metro areas with the highest number of science, technology, engineering, and mathematics (STEM) jobs in 2018, and ranks the ten best and worst areas for STEM careers.
Dallas-Fort Worth was first, and Los Angeles and Sacramento were tied at the bottom.
To rank the 30 metro areas, the AEI Housing Center used three metrics, which were given equal weight:
- Number of STEM employees (based on Bureau of Labor Statistics data).
- Overall employment growth (based on Bureau of Economic Analysis data for 1990-2017).
- Affordability for first time buyers (FTBs) (based on the AEI Housing Center’s ranking of a metro’s median home price to median income ratio in 2017).
- Among the AEI Housing Center’s key findings:
- Total employment growth and relative affordability for first time buyers (FTBs) are also key in ranking STEM-employment heavy metro areas. A robust job market is generally indicative of employment opportunities of all types, including STEM jobs. The relative affordability for FTBs is also important, since this is a consideration for many recent STEM graduates.
- While San Francisco, San Jose, and Seattle are known for their high numbers of STEM jobs, New York City, Washington, DC, Los Angeles, Boston, and Chicago all had more STEM jobs, and the Dallas-Fort Worth and Houston metros had about the same number.
- A vibrant new home construction sector is key to supporting a high rate of employment growth and achieving FTB affordability. For example, new construction sales in Dallas, which ranked #1 for STEM careers, accounted for 24.6% of all home sales in the 4th quarter of 2018, well above the national rate of 11.2%. Contrast this with Los Angeles, which tied for the worst metro area for STEM careers, where new construction sales accounted for only 6.5% of all home sales in the 4th quarter of 2018.
- Retrieved May 22, 2019 from http://www.aei.org/press/aei-housing-center-announces-10-best-and-worst-metropolitan-areas-for-stem-careers/