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SN Member McGruber points us a study by TriNet that provides (buzzword alert!) 'cloud-based human resources services.' The study concludes that Austin is the place to go.
From the article:
"Austin ranks Number 1 in the nation when it comes to offering the largest tech salaries that have been adjusted for cost of living expenses, such as housing, groceries, utilities and other necessities.
The seven major tech hubs, ranked by cost of living adjusted average salaries:
1. Austin: $105,000
2. Atlanta: $103,000
3. Denver-Boulder: $98,000
4. Boston: $79,000
5. Silicon Valley: $78,000
6. Los Angeles: $70,000
7. New York: $56,000"
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Austin has highest "Salaries for Tech Workers"
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(Score: 3, Interesting) by tynin on Friday March 07 2014, @08:34PM
Seems crazy that they'd be one of the lower ones considering the cost of living there.
(Score: 5, Informative) by c0lo on Friday March 07 2014, @08:41PM
Umm... the relevant part in TFS, with my emphasis:
I assume the adjustment is meant to translate into something of: "How does it feel like considering what you pay for the cost of living". Clearer now?
(Score: 1) by tynin on Friday March 07 2014, @08:55PM
Yeah, I suppose since Austin has ~800 thousand people, and New York has ~8.8 million, that does seem to make more sense. Thanks.
(Score: 2) by davester666 on Friday March 07 2014, @11:00PM
Yeah, but that $100+K Texas salary also includes the 1-time payment for your soul.
(Score: 2) by c0lo on Saturday March 08 2014, @12:26AM
I suppose, if your pleasure in life is to see your savings (or investment) account numbers ever going up, probably Austin is for you. If your lifestyle is more of the "city that never sleeps", probably Big Apple has a lot more to say to you. (if you want both, probably there's something wrong with your decision of a career as a tech worker).
(Score: 1) by Aighearach on Saturday March 08 2014, @02:49AM
You have that upside-down. Adjusting for cost-of-living means that if you have a higher spending lifestyle, the adjusted number accurately reflects your relative income. However, the portion of your money that you save or invest doesn't cost more (or less). The more of your income you save, the less accurate the adjustment is. A person who saves a higher percent of their income than average makes more in NY, because the NY jobs pay more in real dollars. A person who save a lot in Austin isn't getting as much advantage from the lower cost of "living" (local spending) they're just getting less real pay to save.
(Score: 2) by c0lo on Sunday March 09 2014, @06:59PM
(after being about to impulsively post a snarky remark...) what do you know, you may be right!
We are missing the info about how exactly the adjustment was inrepreted: if it is "how many additional costs of living you can afford from your disposable income" then you are absolutely right.
Thanks for pointing it out.
(Score: -1, Troll) by Ethanol-fueled on Friday March 07 2014, @08:53PM
New York is traditionally Finance and specific sectors of Entertainment rather than the tech industry.
But more to the point, nobody move to California. Stay out of California, go to Austin instead. California is a wasteland, Texas has everything and land is dirt-cheap. And, man, Big Oil is out there, providing plenty of high-paying work for disciplined professionals not living in Austin. Texas also has rivers and beaches, and you can go to Mexico there too!
The dirty little secret is that California is hemorrhaging businesses and inhabitants because California is one of the most hostile states to not only God-given rights, but business and its taxes. Don't even think about starting up or even operating any small business here, because you will be taxed grossly disproportionately to pay for undocumenteds' hospital bills.
California's population has a reputation for being one of the most ignorant and obnoxious in the entire world, and it won't change anytime soon with large numbers of first-generation immigrants who subscribe to a Mediterranean value-system -- Extended social welfare through the family, which is exactly why a certain "minority" which is actually a majority *cough* holds conservative beliefs but always votes liberal. And since I am part-that-minority, I can say that without being modded down. Mixed children do, after all, have it harder than those who are not mixed.
(Score: 2, Funny) by captain normal on Friday March 07 2014, @10:01PM
You must live in California. I assume you are trying to scare anyone else from moving there. Sometimes I feel that way too. It often seems it's getting very crowded out here. Maybe a good idea if more people moved to Austin and Atlanta.
(Score: 1) by Taco Cowboy on Friday March 07 2014, @10:44PM
The survey is about "Tech Salaries", and that includes code monkeys all the way up to Senior Engineers in one of the several multi-billion-dollar fabs.
The cost of living factor isn't as important as the percentage of code monkeys (among the lowest pay jobs in the tech sector) to those earning much higher income, and Austin having one of the smallest tech work force amongst the 7 listed cities, happen to have the lowest percentage of code monkeys in its tech work force as well.
That is why, by comparison, the average pay for tech job for Austin can get so high while other cities such as New York, where code monkeys can be had for dime a dozen, have their average tech salaries pull way down because of that.