Austin and LA Are Increasing Tech Industry Salaries

Silicon Valley is still the home to many of the highest paying jobs in the tech industry. However, that part of the country is now having some very serious competition for the most brilliant tech minds from other cities. A new study has shown that there are now a wide variety of great tech jobs available in Los Angeles and Austin, Texas. This is a bit of a surprise and seems to have come out of nowhere. This is because neither of these cities were on the map in terms of being hotbeds for tech jobs a few years ago. However, things change very quickly in the world of technology.

Employees of tech companies in Los Angeles pulled in an average of $130,000 in 2017. People in Austin who worked in the tech industry made roughly $120,000. This still lags behind the average Silicon Valley salary which is currently $150,000. However, you need to keep in mind that the cost of living in the San Francisco area is basically double what it is in Austin. More tech companies are deciding to set up shop far away from Silicon Valley in an attempt to get away from all of the competition. They feel that it will be easier to get noticed in cities where the tech industry is still in its early stages.

Young people who are interested in starting a career in the tech field are finding it easier to get hired in cities like Los Angeles and Austin because there are not as many qualified candidates applying for jobs. This gives the people who are willing to work in these cities a great opportunity to get their foot in the door and make a lot of money to boot. However, people who have their heart set on working for the giant tech companies like Facebook, Twitter, Google and Uber will need to plan on working in Silicon Valley. None of those companies seem interested in opening up offices in other parts of the country.

The good news for tech workers in the United States does not extend to people working in similar positions in foreign countries. In fact, tech industry salaries have plummeted in the United Kingdom and France in recent years. Therefore, fewer people are applying for tech jobs in those countries. This has hurt the tech companies that have their base of operations in Europe.