Tech Salaries Are on the Rise, Just Not in New York or San Francisco
- Pay increased in cheaper markets like San Diego, Austin, Texas
- Tech salaries are up 6.2% worldwide, down slightly in the U.S.
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Salaries for tech workers in San Francisco and New York have declined for the first time in about five years, a result of the pandemic-induced push for remote work that’s driving talent to cheaper U.S. cities.
San Francisco still offers the highest average pay for tech workers in the country, but the rate has slipped 0.3% from last year to an annual salary of $165,000, according to a report from Hired, a marketplace for tech jobs. In the U.S. overall, industry salaries are down by 1.1%, with the average compensation now at $152,000. Cities like New York, Atlanta and Dallas also registered decreases.