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Tech Salaries Are Growing In These 6 Cities
Wade Tyler Millward
‘Overall, remote work and hiring demand for tech talent remain at an all-time high,” according to Hired. ‘However, our data shows that more people are migrating out of big tech hubs into areas with lower cost of living. This has led to an increase in demand and interview requests in areas with lower cost of living.’
San Diego, Austin, and Seattle are among the U.S. cities to see the highest growth in average tech salaries from 2020 to 2021, according to a recent report by online job candidates marketplace Hired. Meanwhile, Dallas, Atlanta and New York were among the cities to see the largest decreases.
The report attributed some of the salary shuffling to embrace of remote work during the global pandemic, hence the increase in pay in cities like San Diego that aren’t normally thought of as tech hubs and the decrease in salary in a city like New York that is home to many technology companies.
Still, a tech worker makes $7,000 more on average in New York compared to San Diego, according to Hired.
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“Overall, remote work and hiring demand for tech talent remain at an all-time high,” according to the report. “However, our data shows that more people are migrating out of big tech hubs into areas with lower cost of living. This has led to an increase in demand and interview requests in areas with lower cost of living.”
Priya Krishnan, chief people officer at Plano, Texas-based Argano, which counts Salesforce, Microsoft and Oracle among its vendor partners, pushed back on the idea of Dallas-area salaries decreasing. Interest in remote candidates has made this an employee’s market.
Argano’s pay packages have increased at least 5 percent since the pandemic. Argano has grown its employee count by about 15 percent. And because of the worker shortage, Argano has looked for candidates even outside of Texas.
“It‘s been extremely hard because everyone went to this remote model,” Krishnan said. “Everyone’s fighting for the few resources. And typically when we’re interviewing one tech person, there’s probably five or six other companies competing for that person.”
New York-based Hired based its report on “proprietary data from real job offers on the platform from companies to tech professionals, collected and analyzed by Hired’s data science team.” The company focused on 21 places worldwide, analyzed more than 525,000 interview requests and 10,000 job offers facilitated through its marketplace from January 2019 through June 2021 and included more than 17,000 participating companies and 180,000 job seekers.
The San Francisco Bay Area still has the highest pay in the U.S. at $165,000, which stayed flat year over year at a .3 percent decrease. Dallas had the lowest.
Here’s what else you need to know.