Software Engineer Salary In Us Per Month – From a salary perspective, Silicon Valley is the clear winner, boasting a median salary of $110,554 per year, according to data from Glassdoor. But despite six-figure incomes, many developers are struggling to afford the high rents in the Bay Area.
For a comprehensive analysis, we compared the income of software engineers in 43 cities around the world to find out where they have the most purchasing power. Actual benefits are calculated as follows:
Software Engineer Salary In Us Per Month
Real Benefits = Salary – Taxes – Social Security – Cost of Living – Rent Quick Summary of Our Results
What Is A Good Salary? And How Do You Compare?
Seattle is the winner, with salaries close to those of Silicon Valley but with much lower rental costs. Also, cities in the United States are ranked higher than those in the rest of the world, with few exceptions. Interestingly, San Jose (our proxy for Silicon Valley), still ranks 3rd out of 21 U.S. cities, while San Francisco is 19th again, due to the rent differential.
On the east coast, New York and Washington, D.C. it got worse, taking the last two places in a row. Phoenix took second, while Austin and Houston rounded out the top 5. Internationally, Tel Aviv, Canadian cities and Berlin are our recommendations. Our data suggests avoiding London, Singapore and China, contrary to what one might expect.
Previously, Glassdoor listed the “25 Highest Paying Cities for Software Engineers” in the U.S. and calculate “Real Adjusted Income” by measuring income by cost of living. Their model places San Jose and San Francisco as number 2 and 3 on their list respectively, contrary to anecdotal evidence. It is important to note that they show that San Jose has a higher cost of living than San Francisco, while our data will show why it is so different.
What does it mean to “balance income and living expenses?” It’s a way to rank all cities with different costs of living on the same level. Here is Glassdoor’s form:
The Average Software Developer Salary In Different Us States (2016) [infographic]
But measuring income and cost of living is not the most accurate way to compare cities. People want to know how much money will be in their pocket at the end of the year.
Instead of measuring income like Glassdoor, we used our income model to calculate the average salary of a freelance engineer in the city, and used that as a ranking metric. This leads to very different results.
Since taxes take up a large portion of every paycheck and vary by state, we used Glassdoor’s basic numbers to calculate the after-tax income for each city. one, then we get the total annual cost of living and renting, based on data from Numbeo. You don’t want to move to a city with few job opportunities, so we’ve selected cities with the largest job listings, and expanded our reach around the world.
The largest cities in the United States are larger than almost all international cities, so to make things easier, we’ve divided them into separate values. We will call non-U.S. cities. as “international” cities, henceforth.
Software Developer Vs. Software Engineer: Important Differences To Consider
Many think that even though salaries are lower in other countries, the lower cost of living is enough to compensate. With a minimum wage, your real wages will be lower, but even with the cost of living, wages abroad often cannot compete with those in the United States. For more information, see our “Payment” section below.
Our data confirms the findings of similar reports, which suggest that Seattle is the best place to be a software engineer right now. Companies like Amazon and Microsoft are raising average salaries to near Silicon Valley levels; However, lower rent means more money in your pocket every month.
Phoenix, Austin, and Houston all seem to be good options as well, with real incomes above $30,000. These markets are growing, however, and are near the bottom of the list. us for the number of job opportunities. Raleigh, North Carolina comes in sixth below Houston, but again, the job market is smaller.
From the chart above, you may have noticed the difference between San Jose, in 3rd place, and San Francisco, in 19th. These two cities are often grouped together in the same group as the “Bay Area”. Why do areas with similar markets and adjacent areas have such different benefits?
July 20: State Of Software Engineers: Pay, Skills, And Favorite Languages
Our data suggests that salary and cost of living are about the same, but cheap rent in San Jose makes the difference.
The cost of living does not vary by city, but taxes do. For example, look at Phoenix in third place with an average rent of $972 per month, while San Francisco is in nineteenth place with an average rent of $3272 per month.
Washington D.C., New York, and Boston have the largest job markets for software engineers outside of the Bay Area, but high employment pushes them down the list. Washington D.C. has the largest number of job opportunities in our analysis, but low wages and high costs make it the worst choice among U.S. cities.
Outside of U.S. cities, we wanted to know more about international cities. We selected cities mentioned in similar reports as emerging “tech hotspots” and ran the numbers. Keep in mind that almost all of the cities listed below are no bigger than their U.S. counterparts. for real wages and number of job opportunities.
Which City Pays The Best For A Software Developer?
Oslo is at the top of the list in terms of earning power, but we didn’t mention it earlier because the job market is the smallest of the 43 cities we analyzed in this report. Compare its 106 jobs to 22,554 in New York City.
Your best bet is Tel Aviv. It is a mature technology company, with the second highest market share and a market of sufficient size. In addition, there is a tax break available for new immigrants from this country, which is not included in our tax calculation.
Canada also made a good showing. Toronto, Montreal, and Vancouver take the 3rd, 4th, and 5th spots on our list for real money. Also, the labor markets of these three cities surpass Tel Aviv. Berlin, which is often called the powerhouse of European technology, is not far from 6.
Bangalore also deserves a mention. It has the most open software engineering jobs in the world, ahead of San Francisco and San Jose, and below New York and Washington D.C. On the other hand, it has pre-tax income in US dollars for all cities. consider us.
Average Software Engineer Salaries In 2022: The Top Paying Countries
In many cases, the cost of living in other countries is much lower than in the United States, but not so low that it compensates for the depreciation.
London’s real income is below the international average and, according to our data, much lower than in the cities of the United States. Another city that might surprise you is Beijing. Many people are excited about technological innovation there, and local startups have special access to a large, but unique, home market. However, our data suggests that, from a strictly financial perspective, there are positive trends.
Salary rates in Singapore and Hong Kong are close to zero. Warsaw and Moscow are even lower, so we read the wrong amount of real money. This means that if you are a software engineer making an average salary in one of these three cities, you will not be able to rent a single apartment in the city center.
Low wages in many countries often mean low wages, and even low costs of living. Perhaps it is more important to think of income as a measure of cost. We calculated the “affordability ratio” for international cities, which is after-tax income divided by expenses, and pointed it to San Francisco. Thus, the “price” of San Francisco is defined as 100, and a value of 150 means that the city in question is 50% “cheaper” than San Francisco.
Software Engineer Salaries: What Do Software Engineers Earn?
Total Income = (After Tax Income/Expenses) Index Value of City A = 100 * (Total Income of City A)/(Total Income of SF)
In general, this gives the level equal to the actual profit. Most interesting is the placement of San Francisco. Although San Francisco is not the cheapest (most U.S. cities have a value above 100), nearly half of the world’s cities have lower values. So even taking income as a measure of spending, the world’s cities struggle to compete.
To provide non-financial information for each city, we cite Numbeo’s Quality of Life Index, which is a weighted index based on several factors:
This number is unknown so it is a comparison method. Since there are few major differences between U.S. cities. and international, we have included all the world’s cities below except for Baltimore and Detroit, which do not have enough data to calculate the index.
Google Software Engineer Salary
More international cities than major U.S. cities. For example, consider that 13 out of 22 international cities are bigger than New York. Apart from Melbourne, 10 of the top 11 destinations are small American cities. Take these results as you will; others have indicated that it may have a greater weight of pollution.
Our example assumes you are a software engineer living alone in a city with a software engineer salary. Although your “real salary” can vary greatly depending on the job role,
