Tech Salaries Fall In New York And San Francisco

For the primary time in 5 years, salaries for tech workers in New York and San Francisco have fallen.

Regardless of falling 0.3% from final 12 months to $165,000, San Francisco nonetheless affords the best common wage for tech employees within the U.S. in response to a report from Employed.

Cities equivalent to Atlanta and Dallas additionally noticed a lower in pay, whereas total trade salaries have fallen by 1.1% to $152,000  within the U.S.

Nonetheless, in Austin and Seattle, salaries grew by 5% and 4.6% respectively as extra massive tech firms elevated their presence in these cities.

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“Austin has quite a bit to supply folks and there are clearly tech firms shifting there,” stated Josh Brenner, CEO at Employed. “But additionally a number of distant employees are saying ‘I’m going to depart my very costly massive metropolis and transfer to Austin.’”

The survey additionally confirmed that eight in 10 tech employees are nonetheless working remotely full-time and the bulk wish to proceed doing so.

Regardless of gateway cities providing bigger salaries, they’re offset by the excessive price of dwelling. For example, the report discovered {that a} wage of round $243,000 in San Francisco would maintain the identical spending energy as $165,000 in Atlanta or Dallas. | Tech Salaries Fall In New York And San Francisco


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