2017: The wage bill for Silicon Valley workers

Wage rises for workers in technology areas such as Silicon Valley, Seattle and New York are still far higher than the wages of outside workers, even when they adapt to 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 According to Dice Tech Recruiter, of the 10.705 workers in the US, Silicon Valley offered the highest average salary for technologists in 2017.

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 technologist wages in 2017, after the rate reached 0,4%. According to Dice CEO Mike Durney, Silicon Valley tech salaries have increased every year since 2006 and are seeing annual growth of up to 4% during of the last few years that Dice has been conducting this research.

On the other hand, many places where tech wages are seeing higher levels of growth are areas that aren't typically thought of as tech hubs in the . Average tech salaries in Philadelphia rose 7,7% from 2016 to 2017, while salaries in Portland and Tampa rose 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 survey company, this happened because last year more high paid jobs were added to Philadelphia, as technology companies in the region rose sharply.

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Written by giorgos

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