Stories
Slash Boxes
Comments

Dev.SN ♥ developers

Austin has highest "Salaries for Tech Workers"

posted by janrinok on Friday March 07 2014, @08:30PM   Printer-friendly
from the follow-the-money dept.

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"

 
This discussion has been archived. No new comments can be posted.
Austin has highest "Salaries for Tech Workers" | Log In/Create an Account | Top | 1000 moderator points   | 29 comments | Search Discussion
Display Options Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 2) by c0lo on Saturday March 08 2014, @12:26AM

    by c0lo (156) on Saturday March 08 2014, @12:26AM (#13090)
    Speaking of which, it's all a matter of what you want do with the disposable income (after you pay for the cost of living).
    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).
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2  

  • (Score: 1) by Aighearach on Saturday March 08 2014, @02:49AM

    by Aighearach (2621) on Saturday March 08 2014, @02:49AM (#13114)

    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

      by c0lo (156) on Sunday March 09 2014, @06:59PM (#13666)

      (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.