Skip to main content
Advertising

Originally published January 30, 2015 at 3:00 PM | Page modified February 3, 2015 at 11:23 AM

  • Share:
             
  • Comments
  • Print

Corrected version

Seatown vs.Beantown

When it comes to the economy, Boston beats Seattle solidly, even though both cities are playing in the big leagues.


Special to The Seattle Times

Pay differential

Housing and utilities cost more in Boston, pushing the cost of living up.

• A software-development engineer paid $137,049 in Seattle would have to make $164,696 in Boston to retain same standard of living.

• A college professor paid $85,000 in Seattle would have to make $102,184 in Boston.

• A city bus driver paid $35,000 in Seattle would have to earn $38,669 in Boston.

• A barista making $15,000 in Seattle would have to earn $16,573 in Boston.

Payscale

Home prices

The average listing price of a four-bedroom, two-bathroom home in Massachusetts was $577,080, Coldwell Banker reports in its 2014 survey. Here are the five most expensive markets in that state:

• Wellesley: $1,090,088.83

• Cohasset: $923,888.89

• Lexington: $918,600.41

• Hingham: $891,342.11

• Newton: $884,766.60

Similar-sized homes sold in Washington state for an average of $398,527 last year. The top five most expensive markets were:

• Mercer Island: $1,013,445.83

• Bellevue: $835,120.59

• Kirkland: $768,007.93

• Woodinville: $709,888.10

• Redmond: $694,456.00

Coldwell Banker

Reader Comments
Hide / Show comments
A few advantages of Seattle compared to Boston that come to mind are: 1. We know how to pronounce words containing the... MORE
If Seattle can improve their public transit system, get more renowned colleges, and diversify their industries... MORE
I was not aware that Harvard (across the Charles River in Cambridge) had purchased Boston Common. I am sure that would... MORE

advertising

Lists are fine, but it would be instructive to focus on one of Seattle’s competitors. How do we match up? What can we learn?

For no particular reason, I picked Boston.

But this is not a game. Benchmarking Seattle against its high-quality peers is critical to understanding our strengths and challenges. We are in a worldwide battle for talent and capital, two assets that can go anywhere. The current boom is no guarantee of future results.

Both Seatown and Beantown are technopolises, rich in brains and startups, consistently listed as two of the most competitive metropolitan areas in the nation. The two cities have about the same population.

Both are port cities and have cut down hills and used land fill to expand. Each also has a sexier, more successful historic rival: San Francisco for us, New York City for Boston.

Of course, some broader differences are stark. Boston was settled in 1630, more than two centuries before Seattle emerged as a little logging village. Boston and environs can claim three presidents; Seattle none. Parts of Boston retain an urban, ethnic grit that is all but lost here. Say movies, and people think of the relentless crime drama “Mystic River” for one city, the sweet “Sleepless in Seattle” for the other.

Boston sports NBA and NHL teams. Our Sonics decamped for Oklahoma City.

In the economy, if one were keeping score, Boston beats Seattle solidly, even though both cities are playing in the big leagues.

For example, in the Economist Intelligence Unit’s Hotspots 2025 report, which looked at the future competitive prospects of world cities, Boston ranked 19th and Seattle 35th among 120.

Boston ranks as an Alpha-minus city by the measurement of the Globalization and World Cities Research Network (GaWC), the fourth-highest level. Seattle is considered a Beta-minus city, two rungs further down.

Mark Muro, senior fellow and policy director of the Metropolitan Policy Program at the Brookings Institution, is a Seattle native. He also worked as a reporter for The Boston Globe.

When I asked him to compare and contrast this past week, he said, “Boston is famous for a diversified and broad portfolio in advanced industries. Seattle looks pretty good ... but it doesn’t have the breadth and depth of Boston that is ultimately most resilient.”

Where metro Seattle’s advanced industries are highly concentrated in aerospace and software, Boston can claim command of more than a dozen of these high-value sectors. Among them: computer systems and research and development, precision instruments, semiconductors, aircraft parts, Web search, audio-video, telecom, power generation and medical diagnostics.

Metro Boston’s great strength is its universities, including Harvard, MIT, Boston College, Tufts, Northeastern, Suffolk and Boston University. Especially over the past 40 years, they have been behind Boston’s rise as a tech powerhouse, most famously on Route 128. Not only do they generate renowned research and attract some of the most talented students in the world, but many, especially MIT, have become highly proficient in commercializing research through tech transfer.

This close connection between universities and the economy allowed Boston to reverse decades of decline. It provided the metro area with the steady accumulation of deep, leading-edge knowledge. And the private sector found applications for it.

“Look at the skills base,” Muro said. “Boston has an incredible pool of human talent that circles the universities and pervades the economy.”

Boston has other advantages. It is close to New York and the largest cluster of population in the country, easily reached by the Northeast Corridor on Amtrak. Boston has abundant transit, including subway lines and commuter trains serving much of the region.

Although Boston lost its money-center banks in the mergers of the 1990s and 2000s, it remains a major corporate center. Companies come for the universities, and the startups are strong. Private research is a heavy player. Boston is also a major tourist destination.

None of this leaves Seattle at fourth down and 15, to use a tired sports metaphor. As Muro puts it, “Seattle is playing in that echelon now. Seattle is submitting a rival bid. It’s fairly well positioned” as these world cities embark on a major growth phase.

Seattle’s challenge is to deepen and widen its advanced industries. Although it can’t get in a time machine and go back to the golden age of when universities were being founded, it can leverage and expand the research and tech transfer from the University of Washington.

Like Boston, Seattle has mastered the art of reinvention. It is also particularly well positioned to take advantage of growth in Asia.

So the contest is far from over. Seattle is in the game and at a high level.

Abbreviated résumés of two very competitive places.
SEATTLEBOSTON
Microsoft, Amazon.com, T-Mobile Largest companiesState Street Bank, Fidelity Investments, John Hancock
CoffeeFamed hot drinkTea
Pike Place MarketTourist attractionsFaneuil Hall
Burke-Gilman TrailPopular trailsFreedom Trail
Safeco FieldBaseball stadiumsFenway Park
UW’s Red SquareCollege gathering places Harvard Square
BerthaTunneling projectsBig Dig
Space NeedleIconic landmarksZakim Bridge
SalmonFamous foodBeans
Ride the DucksPopular toursSwan Boats
Rock ‘n’ Roll Seattle MarathonMarathonsBoston Marathon
Red HookBeerSamuel Adams

You may reach Jon Talton at jtalton@seattletimes.com

Information in this chart, originally published Feb. 1, 2015, was corrected Feb. 2, 2015. A previous version of this story incorrectly stated Harvard’s college gathering place.



Four weeks for 99 cents of unlimited digital access to The Seattle Times. Try it now!

Also in Business & Technology

News where, when and how you want it

Email Icon

Relive the magic

Relive the magic

Shop for unique souvenirs highlighting great sports moments in Seattle history.

Advertising

About Jon Talton

Jon Talton comments on economic trends and turning points, putting them into context with people, place and the environment in the Pacific Northwest
jtalton@seattletimes.com

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►