Introduction

New York has always been a hub of industry and innovation, and recently its tech scene has been growing substantially, with some calling it the next Silicon Valley.

According to Tech: NYC’s Annual Report, the city boasted over 10,000 tech companies in 2022, and with jobs increasing by 33.6% to 369,000 in the past five years, tech has become NYC’s fastest-growing sector.

New York is also ranked second in the world by Startup Genome, with 150 unicorns (startups valued at $1bn or more) and $166bn raised from VC between 2022-24.

“Given its deep well of hardcore technical talent and the Stanford/Berkeley CS program pipeline, I expect San Francisco to maintain its position as the place where tech infrastructure is built and foundation models are trained.

However, I suspect New York will become the place where that technology is turned into end-user facing products for an endless array of niches—precisely because NYC itself is an endless array of niches. “

Kasey Klimes, Researcher & Technologist

Why is New York popular among tech companies?

New York has always been a major tech hub, starting with “Silicon Alley”, Manhattan’s Flatiron District that has been a home to high-tech companies since the dot com era of the 1990s.

One factor that has contributed to New York’s strong presence in the tech industry is its universities. NYC is home to more than 120 colleges, including 21 accredited engineering schools at premier institutions like NYU, Columbia and Cornell Tech.

 NYC also boasts more than 25,000 tech startups, backed by a robust ecosystem of over 100 accelerators and incubators, as well as more than 300 venture capital firms including Union Square Ventures and Greycroft and prominent angel investors like Adam Rothenberg.

“New York remains a key hub for startups scaling emerging technologies, especially AI, life sciences, and climatetech. With a strong talent pool and growing investment, the city’s tech ecosystem is poised to drive economic growth, making us more optimistic than ever about New York’s future.”

Julie Samuels, President & CEO of Tech:NYC

Some of the leading companies who have made their home in New York include:

• JPMorgan Chase, the leading commercial bank
• Verizon, the telecommunications company
• American Express, known for its credit card services
• Pfizer, the well-known pharmaceuticals company
• Warner Bros. Discovery, the media and entertainment conglomerate
• Macy’s, one of the biggest names in retail
• Sirius XM, the popular broadcasting-tech company

NYC also has a thriving startup scene, including some household names:

• Cash App, the fintech company specialized in peer-to-peer payments
• Slingshot AI, the Andreessen Horowitz-backed healthtech startup
• Ramp, the fintech startup built for companies
• Doola, the “business-in-a-box” solution for creators
• Cognition AI, an AI tool for software development

How many developers are in New York?

In 2024, the Bureau of Labor Statistics reported just under 300,000 professionals employed as software developers and other technological roles in New York.

Meanwhile, studies show that there are over 369,000 tech jobs in New York, making up about 7% of the city’s overall job market, according to Tech:NYC, suggesting that demand dwarfs supply regarding skilled labor in the NYC tech sector.

Is it hard to hire a developer in New York?

As a major tech hub, it can be hard to find highly skilled developers in New York that fit your budget. New York has a highly competitive tech talent market, with startups and small businesses struggling to compete with the salaries and benefits offered by major players in the region.

Talent retention can also be a challenge, with many developers looking to start their own companies as a result of New York’s strong startup culture.

As a result, many companies in NYC are turning to dedicated tech hiring platforms like HireDevelopers.com to simplify the process of hiring developers and tech talent across New York. These platforms offer a faster alternative to traditional hiring, offering thousands of pre-vetted engineers currently looking for new opportunities.

How much does it cost to hire a developer in New York?

According to Built In, the average annual compensation for a software developer in New York City is $184,499, around $45,000 more than the national average for software developers in the United States and over $100,000 more than the national average salary for all jobs in the US.

With pre-vetted platforms like HireDevelopers.com, companies in New York can save up to 80% on salaries and hiring costs.

How to hire a developer in New York

The first step to hiring a developer in New York is to decide on a hiring method. Traditional hiring methods include local job adverts, LinkedIn job posts and using your professional network to identify potential candidates.

However, these methods are often time consuming and can be expensive. The median time to hire a developer is around 41 days, with the slowest 10% taking up to 82 days and 38% of companies reporting project delays due to recruitment problems, according to the Linux Foundation’s 2024 State of Tech Talent Report.

Alternatively, many companies are now turning to services like HireDevelopers.com to cut costs and speed up the hiring process. With HireDevelopers.com, you can hire New York developers at any price point and in just 24 hours.

You should also consider using coding challenges alongside a traditional interview during the hiring process – if you’re using a pre-vetted talent pool like HireDevelopers.com, this has already been done for you. Coding challenges allow you to assess problem-solving skills and coding expertise in a realistic, real-time environment.

If you need help putting together a job description or conducting a job interview, you can check out our helpful and comprehensive guides below. Alternatively, to cut your time-to-hire by 90% and unlock savings of up to 80%, get in touch and book your free HireDevelopers.com consultation today.

Why hire New York developers with HireDevelopers?

Hiring the right New York developer for your team is a huge undertaking, and the process can be intimidating, especially for startups and small businesses.

At HireDevelopers.com, our pre-vetted, global tech talent marketplace streamlines your hiring journey and cuts time-to-hire by over 90% without compromising on quality or stretching your budget. Receive a custom shortlist of top developers at any seniority level and at any price point within just 24 hours of your consultation.

Plus, we’ll handle all payroll, legal compliance and HR completely for free, giving you more time to start building with your new NYC dev.

Get in touch today and start hiring top-notch New York developers in just 24 hours with HireDevelopers.com