Boston, Austin and D.C. are giving San Francisco a run for its money
For the fourth year in a row, the San Francisco Bay Area comes out on top as the highest paying market for tech workers, with salaries up 2% in the last year. This doesn’t come as a surprise considering its skyrocketing rents and booming technology sector. However, many cities - nationally and globally - are giving the Bay Area a run for its money, literally.
The average Boston tech worker was paid 9% more in 2018 than in 2017 — and tech workers in Austin and Washington D.C., aren't far behind, making 6% more than last year. Paychecks are growing even faster on the east coast, with tech salaries in both Boston and Toronto increasing by 9%, more than any other major city in the past 12 months.
One in three tech workers expects a raise within eight months of starting at a new company if they receive a positive performance review.
The growth in salaries also reflects certain attitudes tech workers have regarding their compensation and equity. One in three tech workers expects a raise within eight months of starting at a new company if they receive a positive performance review - possibly putting pressure on companies to boost salaries across the board. And despite this year's IPO wave, more than half of global tech workers (54%) are on the fence about forgoing a higher salary for company equity. Similarly, 69% of UK tech workers are unsure about accepting equity in lieu of a higher base salary.
2019 Average Tech Worker Salaries
- Global Average * $129K
- US Average $135K
This year, the global average tech worker salary decreased as a result of Hired's growth in secondary tech markets including Denver, Boston, Chicago and London, where on average tech workers receive lower salaries than their peers in more established tech hubs.
Year Over Year Salary Change in Each Local Market
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Austin
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Boston
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Chicago
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Denver
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London
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Los Angeles
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New York
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*Paris
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San Diego
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Seattle
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San Francisco
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Toronto