In a research survey produced by MarketWatch, Austin was ranked number 2 in the nation for cities with the highest percentage pay difference between workers in the technology industry compared to the average of all private sector employment. While Silicon Valley and New York City still offer the highest overall tech sector salaries on average, compared to the pay of all private sector workers, the percentage difference isn’t as large as it is in smaller tech hubs, including Austin.
According to data released by the Bureau of Labor Statistics, Austin’s average salary for those working in the tech industry is $93,200 and is 100% higher than the private sector average in Austin. This puts Austin in a tie for second best percentage difference with San Diego, whose tech industry salary average is nearly the same at $93,250. Austin and San Diego were beat only by Colorado Springs which offers a 103% salary differential, although average tech salaries there are only $81,550.
Rounding out the top 5 are Sacramento (99% differential) and Portland, Oregon (96%). It should be noted that working in the tech industry anywhere in the United States brings a higher salary on average than the overall private sector by 89%, meaning that those who are trained and skilled in these roles should be able to enjoy a higher standard of living than the average worker regardless of geographic location. The highest raw number of tech jobs in one city is 317,000 workers in New York City.
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