Hired has published their 2017 annual report on the Global State of Tech Salaries. A key takeaway from this year's report illustrated how, even though there was little change in average salaries over the past year, many tech jobs are becoming available or moving to locations outside of the traditional San Francisco and New York markets.
For decades, Silicon Valley has been the epicenter of the tech industry, but the rise of new technology and innovation hubs across the United States are challenging the Bay Area’s reign. After adjusting for cost of living in San Francisco, cities like Austin, Melbourne, Seattle, and Toronto are increasingly attractive spots for tech workers to grow their careers. In Austin, the average salary for a software engineer on Hired is $110K. But this is the equivalent to making $198K in San Francisco when you consider the cost of living difference between the two cities. Notably, Austin-based companies are especially willing to relocate the right talent, with more than 60 percent of job offers going to candidates living outside the Lone Star State. In comparison, only 30 percent of offers from SF Bay Area companies are given to non-local candidates.