High-Tech Workers Make How Much?

In San Mateo County, Calif., they averaged $291K
By Neal Colgrass,  Newser Staff
Posted Aug 24, 2014 3:38 PM CDT

(Newser) – Want to earn coin? Try being a high-tech worker in San Francisco. Their average salary leaped nearly 19% last year to $156,518, topping all cities nationwide in that job sector, the San Francisco Chronicle reports. Now consider San Mateo County (which includes part of San Francisco), where last year's high-tech wage average was $291,497—a 5% drop from 2012! How did San Mateo beat out Silicon Valley by nearly $100,000? Mark Zuckerberg likely helped by exercising $3.3 billion in Facebook stock options last year; without that windfall, the average sinks to about $210,000. (Zuckerberg reaped a $2.3 billion option in 2012).

The second-best city for growing high-tech wages is New York, which saw an 11.3% jump to $125,555 in 2013, the Fiscal Times reports. All these numbers—released by the Bureau of Labor Statistics and unpacked by a real estate services firm—contrast starkly with stagnant wages in most other US industries. "Strong wage growth is an indication of tight labor supply" and a "competitive marketplace," said JLL, which crunched the numbers. Meanwhile, about two weeks ago, a federal judge rejected a settlement offered by several big Silicon Valley companies for allegedly conspiring not to hire each other's workers, which lowered wages for years, the Wall Street Journal reports. The $324.5 million settlement for 64,000 workers was too small, the judge said. (Read more tech industry stories.)

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