Communications of the ACM
Some Tech Workers Feel Underpaid, Despite Rising Salaries
The 2019 State of Salaries Report reveals that tech salaries in U.S. markets are steadily rising.
For the fourth year in a row, the San Francisco Bay Area is the highest paying market for tech workers, who saw salaries increase 2% in the last year. The average tech worker in Boston was paid 9% more in 2018 than in 2017, and tech workers in Austin and Washington D.C. are making 6% more than last year.
Paychecks are growing faster on the east coast, with tech salaries in both Boston and Toronto increasing by 9%, more than any other major city in the past 12 months.
Respondents' attitudes regarding compensation and equity show that 54% of U.S. tech worker are on the fence about forgoing a higher salary for company equity, and 69% of U.K. tech workers are unsure about accepting equity in lieu of a higher base salary.
Despite their large paychecks, job seekers in the Bay Area are feeling underpaid due to the area's high cost of living and sky-high real estate prices, and they have begun noticing the perks of relocating.
From Hired
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