America's Growth Cities
San Francisco, California
Cable Cars & High Tech Growth
The Golden Gate City is the financial epicenter of technology and has long provided a lifestyle they write songs about. The cable cars indeed climb to the stars, but today they’re the IT stars, innovators and entrepreneurs who live on Nob Hill and Russian Hill and savor the views of San Francisco Bay their success has brought them. SF is expensive because the jobs the innovators created pay well and everyone wants to live there.
Glassdoor’s chief economist Andrew Chamberlain said recently, “In technology, we continue to see unprecedented salaries as the war for talent is still very active, due to the ongoing shortage of highly skilled workers needed.”
Among Bay Area companies, Google’s median salary is $155,250, Facebook’s is $155,000, and Amazon’s Silicon Valley unit pays an average of $152,000. An Apple senior hardware engineer in Cupertino makes $157,000.
For the Bay Area venture capitalist whose company invests early in successes like those above, the average pay is $375,000, which can be doubled at bonus time. Or tripled.
The downside, of course, is cost of living, which is right up there with New York. A 2017 market report from Paragon Real Estate Group says the average San Francisco home price is $1.5 million. Steep as that is, however, it is still below the median price in Palo Alto, 30 miles to the south, which is $2.3 million.
Live In America EB-5, with its immigration know-how and portfolio of EB-5 visa investment opportunities, is positioned to aid foreign-born technology professionals with personalized information on employment, relocation and that all-important quality of life in and around San Francisco. One of our key services is to guide IT experts to Bay Area tech companies and entrepreneurs who are in need of the skills and connections the newcomers bring with them.
Silicon Valley is where the tech gets done. SF’s Montgomery Street, often referred to as Wall Street West, is where it gets financed. The good living is just about everywhere – Pacific Heights, Telegraph Hill, Sausalito just over the Golden Gate Bridge… The glorious Pacific is right there to surf and sail and fish in. Golf and tennis can be played year round in the amiable California climate, at Pebble Beach or Silverado, or on the courts and world-class courses in SF itself. The dramatic Coast Range with its horseback trails and getaway cabins stretches conveniently above Silicon Valley and the Bay. There’s the Napa Valley wine country to check out at harvest time, and skiing doesn’t get much better than Squaw Valley in the High Sierra.
Bay Area colleges and universities are among America’s best, with Stanford in Palo Alto considered by many as the best. It is a private research university that has graduated 19 Nobel laureates. Famous alumni include Herbert Hoover, Supreme Court Justice Sandra Day O’Connor, astronaut Sally Ride, and Tiger Woods, who was a student for two years on a full golf scholarship. The school holds 270 Olympic medals, and has sent its Cardinals football team to 15 Rose Bowls, winning 8. Tuition is $46,320, with total cost including room and board coming to $64,477. Acceptance rate is 4.8%.
The University of California at Berkeley is a public research university that is Stanford’s great rival across the Bay. Their annual football faceoff is one of the oldest such rivalries in America. Berkeley alumni include 34 Nobel laureates and 20 Academy Award winners, including Gregory Peck and costume designer Edith Head, who was nominated 35 times and won 8 Oscars. In the tumult of the Sixties, Berkeley students launched the Free Speech Movement that caught the world’s attention. In-state tuition is $13,509. Out-of-state students pay $40,191. Room and board for both is $15,715. The Academic Ranking of World Universities ranked UC Berkeley 5th in the world overall and 1st among public universities. The school motto is Let there be light.
Lowell High School is a public magnet school located on a campus next to San Francisco’s Lake Merced. It is open to all SF residents contingent on how they perform on the school’s admissions test. School curriculum focuses on honors level and Advance Placement courses, including chemistry, calculus and economics, with several foreign language and arts courses to choose from as well. Lowell’s sports teams have won more city championships than any of the other 24 SF public high schools. Alumni include 3 Nobel laureates and Gorillas in the Mist heroine Dian Fossey. Total minority enrollment is 86%. The school motto is Let there be thought.
San Francisco University High School is a co-ed private day school located in upscale Pacific Heights. Tuition is $44,750. The school provides almost $3 million in aid every year to 24% of its 400 students, 100% of whom go on to enroll in four-year colleges. The UHS curriculum is a combination of required liberal arts courses and a rich selection of electives, most especially in the arts. The school hosts three theater productions, six art openings and four music concerts every year. The UHS Red Devils athletic teams, who have won their share of Bay County League championships, have a fully equipped fitness center, traditional gym for boys and girls basketball, and the playing fields of the historic Presidio next door for their field sports. All UHS activities are covered in the school newspaper, Devil’s Advocate.
Culture in San Francisco is rich and diverse, with the San Francisco Symphony, the San Francisco Ballet, and San Francisco Opera sharing the music milieu with rock stalwarts like Journey, Santana and the enduring Steve Miller Band. The de Young Museum in Golden Gate Park will likely require more than one visit to take in its four centuries of American art. It is but one of several outstanding museums in SF. As for theater? SF can keep one busy seeing a new show practically every night, from hit Broadway musicals to the hot little drama that hatched from that hole-in-the-wall theater in North Beach.
Live In America EB-5 will continue to feature opportunities and appealing lifestyles in fast-growing technology centers. If you have questions about how to proceed with the EB-5 process, or would like more information about San Francisco and its way of life, please send us an email to: