2017: The wage bill for Silicon Valley workers

The wage increases of workers in technology areas such as Valley, Seattle and New York are still far higher than the wages of workers outside the tech space, even when adjusted for the cost of living.Silicon Valley

However, there are indications that as the cost of living continues to grow in these places, and wages may not be able to grow more.

According with research of the Dice Technology Recruitment Platform, by 10.705 employees in the United States, Silicon Valley offered the highest average salary to 2017 technologists.

Silicon Valley
Source VB

Respondents who worked in technology in Silicon Valley reported an average salary of $114.654 for the year. Cities with respondents reporting the next highest salaries were: , New York, San Diego, Washington, and DC/Baltimore.

However, Silicon Valley also saw an unusually small annual increase in 2017 technology wages, as the figure reached 0,4%. According to Dice CEO Mike Durney, Silicon Valley's technology wages are rising each year by 2006 and are increasing annually to reach 4% over the last few years that Dice is conducting this research.

On the other hand, many places where technology wages see higher levels of growth are areas that are not commonly considered as technology nodes in the US. Average Philadelphia salary increased by 7,7% from 2016 to 2017, while wages in Portland and Tampa increased by 6,5%.

But even with this growth boom, respondents in Philadelphia reported an average salary of $ 97.415 - almost $ 17.000 less than the average salary in Silicon Valley.

Of course, there is no sign that growth will continue - according to Dice, as the average technology salary in Philadelphia fell by 5% from 2015 to 2016.

According to the firm that conducted the survey, that's because more high-paying jobs were added in Philadelphia last year as tech in the region skyrocketed.

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Written by giorgos

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