Welcome!

News Feed Item

Tech Workers in Austin Boast Highest Salaries in the United States Adjusted for Cost of Living

SAN LEANDRO, California, March 6, 2014 /PRNewswire/ --

  • TriNet issues cost of living adjusted salary survey for top U.S. tech hubs
  • New York's high cost of living saps the purchasing power of tech workers' salaries

TriNet, a leading cloud-based provider of HR services, today announced the findings of the February issue of its TriNet SMBeat. February's report features an in-depth analysis of cost of living adjusted salaries for tech workers throughout the United States. According to the report, Austin area tech workers, on a cost of living adjusted basis, have the highest effective annual average salary at $105,000. The SMBeat report is a monthly analysis of small business employment and human capital economic indicators.

     (Photo: http://photos.prnewswire.com/prnh/20140306/673776-INFO )

Tech companies and startups are fiercely competing for talent, not only with the business across the street, but also with those in other tech hubs. Tech firms in metro areas outside Silicon Valley, where the nominal average annual salary of tech workers is $120,000, may feel they can't compete. However, nominal salaries are only one part of the compensation equation. Factors such as cost of living and local amenities are significant factors in determining effective compensation.

The report finds that to attract top talent, employers outside of expensive coastal cities would benefit from highlighting their cities' affordable cost of living to potential recruits. The cost of living calculation is based on the proportion of costs households spend on housing, grocery items, utilities, transportation, healthcare, and miscellaneous goods and services. This metric can help an employer inform location and expansion decisions that best suit their needs for talent and affordability. Employees should also factor in location when evaluating the "sticker price" of salary figures. This will help them better understand how far a paycheck will go for them and their families.    

TriNet SMBeat ranks the following seven major tech hubs by cost of living adjusted average salaries. Data is sourced from TriNet's more than 8,900 clients and approximately 230,000 worksite employees (as of 12/31/2013) in the U.S.:

  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

In addition to the findings on cost of living adjusted salaries, the report showed the tech sector experienced another strong month with a 1.89% net job growth. After a long absence, back on top in February was Boston leading the tech sector with 3.06% net job growth. It surpassed New York, Silicon Valley, Los Angeles and Denver-Boulder.

The report also showed that the Life Science sector was the fastest growing vertical in February with 2.16% net job growth, a significant rebound from -0.62% in January. Los Angeles led this vertical with 2.11% net job growth, followed by the San Francisco Bay area with 1.45% net job growth.

For more information on TriNet, follow us on Twitter, LinkedIn, YouTube, and Facebook.

About TriNet

TriNet is a leading provider of a comprehensive human resources solution for small- to medium-sized businesses, or SMBs. We enhance business productivity by enabling our clients to outsource their human resources, or HR, function to one strategic partner and allowing them to focus on operating and growing their core businesses. Our HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Our services are delivered by our expert team of HR professionals and enabled by our proprietary, cloud-based technology platform, which allows our clients and their employees to efficiently conduct their HR transactions anytime and anywhere. For more information, please visit http://www.trinet.com.

TriNet, Ambitions Realized and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

Media Contacts:
Jock Breitwieser
TriNet
[email protected]
+1(510)875-7250

Michelle Sieling
Horn Group
[email protected]
+1(415)905-4013

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...