Albuquerque ranks No. 5 among the best cities in the U.S. for women working in tech, according to a new report by SmartAsset.
SmartAsset, a personal finance company headquartered in New York City, evaluated 58 of the country’s largest cities based on four criteria: gender pay gap, income after housing costs, number of tech jobs filled by women and four-year tech employment growth.
More than 28 percent of Albuquerque’s tech workforce is female. With an average income of over $53,000 after housing costs, tech-savvy women in Albuquerque are earning 96 percent of what their male counterparts do, making it the fifth-lowest gender pay gap for tech in the U.S. However, there is a downside for both men and women working in tech and living in the Duke City. From 2013 to 2016, the number of tech jobs in Albuquerque only grew by 8 percent, three points below the national average.
Albuquerque has been climbing the ladder of the best cities for women in tech, having been ranked at No. 12 in 2016, then No. 11 in 2017.
Leaders from New Mexico’s public and private sectors are working toward making Albuquerque a hub of technology and entrepreneurship with projects like Innovate ABQ. Innovate ABQ is a public-private partnership among UNM, the city of Albuquerque, Central New Mexico Community College, Bernalillo County and Nusenda Credit Union. Innovate is meant to house students, scientists and entrepreneurs in one spot.
Washington, D.C. has remained No. 1 on SmartAsset’s annual study for women in tech for the past four years.
New Mexico was also recognized in January for its women in the workforce, making the top 10 list of the country’s best states for female entrepreneurs, according to a study by FitSmallBusiness.com.