Salaries and cost of living in Silicon Valley
America with mixed feelings looks at the island of welfare in the sea of recession - Silicon Valley. Multibillion-dollar investment flows go there, start-ups appear like mushrooms after the rain, and many successfully enter the stock exchange. In January-March 2011 alone, $ 7.5 billion of investments were pumped into startups of Silicon Valley (738 transactions, of which 46% are Round A transactions, that is, primary investments for job creation).
Some people think that this can not be against the background of a general recession should happen another collapse of the "dot-com" . Others take a calculator and calculate whether it makes sense to move to work in Silicon Valley, what salaries are in IT companies, what taxes in California and how much apartment rent costs.
In total, the Internet companies of the Valley employ 48,000 people. Unlike the rest of the US , in Silicon Valley, unemployment has been falling in recent years: from 11% in 2010 to 8.5% in 2011. That is, finding a job there is much easier than in other regions, especially considering the huge number of startups that recruit staff from scratch.
Let's start with the salaries. Median annual salary for specialists of various professions:
For clarity, we will recalculate this in a monthly salary, as is customary in our country.
With a median annual salary of a software developer of $ 90,000, the most qualified of them receive much more. Here is the annual salary of the leading programmers in the largest IT companies.
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Google : $ 180,000
LinkedIn : $ 155,000
PayPal : $ 152,000
Facebook : $ 150,000
Apple : $ 140,000
Twitter : $ 125,000
With all these big wages, you need to remember that the cost of living in the Valley is 61.5% higher than the national average . In other words, the average salary of an IT specialist in Silicon Valley of $ 92,299 per year corresponds to a standard of living that provides a much lower salary in cheaper regions: only $ 59,514 in nearby San Diego, $ 74,808 in expensive New York or $ 43-46 thousand in Dallas or Philadelphia. And this is not to mention the outback like Tennessee ($ 38,007).
In addition, in California you need to pay income tax 9.3%, while in many other states there is no such tax. For example, with the above average salary, an IT specialist will pay $ 42,919 to the government for “extra” money over five years, compared to its Florida counterpart.
Property value - it is generally a separate conversation. In California, it is 2.91 times (!) Higher than the average for the United States. The cost of renting an apartment costs an average of $ 2,241 per month , which is 71% more than the national average.
Business experts from the Focus group have published an excellent infographic that summarizes all this information.
Some people think that this can not be against the background of a general recession should happen another collapse of the "dot-com" . Others take a calculator and calculate whether it makes sense to move to work in Silicon Valley, what salaries are in IT companies, what taxes in California and how much apartment rent costs.
In total, the Internet companies of the Valley employ 48,000 people. Unlike the rest of the US , in Silicon Valley, unemployment has been falling in recent years: from 11% in 2010 to 8.5% in 2011. That is, finding a job there is much easier than in other regions, especially considering the huge number of startups that recruit staff from scratch.
Let's start with the salaries. Median annual salary for specialists of various professions:
| Profession | Z / p median for the USA | Z / p median in Silicon Valley |
| Software developer | $ 72,000 | $ 90,000 |
| Java / web developer | $ 61 407 | $ 97,149 |
| Product Manager | $ 92,000 | $ 105,000 |
| Project manager | $ 83,400 | $ 92,000 |
| Graphic Designer | $ 47,860 | $ 56,887 |
| Marketing Manager | $ 77,000 | $ 102,000 |
| Profession | Z / p median for the USA | Z / p median in Silicon Valley |
| Software developer | $ 6000 | $ 7,500 |
| Java / web developer | $ 5,117 | $ 8096 |
| Product Manager | $ 7,667 | $ 8750 |
| Project manager | $ 6950 | $ 7,667 |
| Graphic Designer | $ 3988 | $ 4741 |
| Marketing Manager | $ 6417 | $ 8500 |
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Google : $ 180,000
LinkedIn : $ 155,000
PayPal : $ 152,000
Facebook : $ 150,000
Apple : $ 140,000
Twitter : $ 125,000
With all these big wages, you need to remember that the cost of living in the Valley is 61.5% higher than the national average . In other words, the average salary of an IT specialist in Silicon Valley of $ 92,299 per year corresponds to a standard of living that provides a much lower salary in cheaper regions: only $ 59,514 in nearby San Diego, $ 74,808 in expensive New York or $ 43-46 thousand in Dallas or Philadelphia. And this is not to mention the outback like Tennessee ($ 38,007).
In addition, in California you need to pay income tax 9.3%, while in many other states there is no such tax. For example, with the above average salary, an IT specialist will pay $ 42,919 to the government for “extra” money over five years, compared to its Florida counterpart.
Property value - it is generally a separate conversation. In California, it is 2.91 times (!) Higher than the average for the United States. The cost of renting an apartment costs an average of $ 2,241 per month , which is 71% more than the national average.
Business experts from the Focus group have published an excellent infographic that summarizes all this information.
Source: https://habr.com/ru/post/125395/
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