Everyone knows that people working in Silicon Valley make a lot of money. To put a number on it: The average salary for a tech worker there is $108,603 — plus an average annual bonus of $12,458. But those people also have to pay San Francisco real estate prices.
The real paradise for techies? Baltimore, it turns out. Tech workers in the Baltimore/DC area earned an average salary of $97,588 according to the Dice Salary Survey; that’s the second-highest in the nation. That means people working in the industry here are earning more than their counterparts in Los Angeles, New York, Atlanta, or Austin. And forgive me for belaboring the point, but the numbers speak for themselves: Average home price, Silicon Valley = $1.27 million (yes, average). Average home price, Baltimore = $241,700.
Baltimore’s tech workers are also earning a lot more now than they used to only five years ago. According to Dice, an average tech worker’s salary in 2008 was a measly $85,354, meaning earnings have grown more than 14 percent in just five years.
It’s not just Baltimore that’s reaping the benefits; tech workers’ salaries have grown every year since 2005, sometimes by as much as 5 percent. But thanks to robust medical/governmental/research/defense sectors, the Baltimore/DC area has been doing better than most. So what are you waiting for? Start learning to code so you can quit your non-tech job ASAP!
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