Today we are giving you an overview of the top digital cities in Europe.
Based on the 2016 European Digital City Index (EDCI), we’ll provide you with the strengths of 5 European cities in terms of entrepreneurial culture, access to capital, digital infrastructure, and skills. In addition to that, we gathered the median annual rent for apartments and the median annual salary for a software engineer, based on data collected by Teleport. Whether you are an entrepreneur or a tech talent looking for a new job, this might help you choose the perfect location.
1 – London
The city is a major tech hub for both the UK and Europe. London is attracting many tech talents from all over the world and its strong startup scene allowed it to earn its nickname, the Silicon Roundabout. Transferwise and Shazam are just two of its 5,851 startups and 57 current YBorder candidates are willing to work there.
2 – Stockholm
Stockholm has made a name for itself in the tech industry thanks to the digital successes that are Spotify, King or Mojang. Today, is has 543 registered startups according to Teleport, and YBorder currently has 18 profiles interested in working there. Stockholm’s strengths rely on the multiple measures organized for digital infrastructure and entrepreneurial culture that are highly supported by the government.
3 – Amsterdam
Ayden or WeTransfer are notable startups out of the 918 registered in Amsterdam. The city has a reputation of being welcoming to entrepreneurs from all over the world due to its high motivation to invest in innovation. It’s also the home of major tech events such as The Next Web or Startupfest Europe.
4 – Helsinki
You might not have thought of Helsinki to take 4th place in this list. . However, the city scores highly in entrepreneurial culture and skills. It’s home to f numerous incubators and 756 tech startups, as policies are strongly supportive of these structures. 16 candidates on YBorder today want to get a job in this city. Let’s also not forget that Linux and MySQL were born in Helsinki.
5 – Paris
Paris is a strong European economic player, with 2,819 startups. Its strengths rely on the growing number of accelerators and co-working spaces. The city is also driving the ‘sharing economy’ market with success stories such as BlaBlaCar or Criteo. Paris is getting even more attractive by offering favorable policies geared for startups and scaleups. YBorder currently has 63 tech profiles that want to work in the City of Lights.
However purchasing power is also important to consider when choosing your next job location. If you look at the share of the median annual rent compared to the median annual salary in these 5 cities, the ranking might be different, especially to an employee’s perspective.
1 – Stockholm
The median annual rent for apartments is $12,468 and the median annual salary for a software engineer is $57,774.
2 – Helsinki
The median annual rent for apartments is $16,008 and the median annual salary for a software engineer is $47,876.
3 – Amsterdam
The median annual rent for apartments is $18,588 and the median annual salary for a software engineer is $54,095.
4 – Paris
The median rent for apartments is $20,544 and the median annual salary for a software engineer is $42,485.
5 – London
The cost of living in London is amongst the highest in Europe, with median annual rent for an apartment of $29,018. The median annual salary for a software engineer is estimated at $53,397.
In any case, all those cities are worth living in, especially when working in tech. Europe is full of innovative and challenging projects that are waiting for fearless talents. Tech hubs in Europe have grown to challenge Silicon Valley’s unicorns and the region is attracting investors and talents from all over the world. So what are you waiting for?