Here's what techies earn in Silicon Valley
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The Valley has the highest concentration of high-tech workers of any metropolitan area in teh United States or elsewhere, with 285.9 out of every 1,000 private-sector workers and the region is the biggest high-tech manufacturing centre in the United States.
But how much do these workers get paid and, taking the living standard into account, is it enough?
Let us find out.
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Image: Silicon Valley is a magnet for tech workers.
Here's what techies earn in Silicon Valley
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From January to March of 2011, venture capital firms spent $7.5 billion to fund 738 deals.
Out of these, 46 per cent were for Seed or Series A rounds, which have helped create a job boom in the area.
There are around 48,000 jobs at Internet companies in the Valley - more than there were during the late 90s' dot-com boom.
In 2010, unemployment was 11 per cent; it is down to 8.5 per cent in 2011.
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Image: Unemployment is down to 4.6 per cent.
Here's what techies earn in Silicon Valley
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Salaries top-paid engineers command (annually)
Google: $180,000
Linkedin: $155,000
Paypal: $152,000
Facebook: $150,000
Apple: $140,000
Twitter: $125,000
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Image: Engineers can earn around $180,000.
Here's what techies earn in Silicon Valley
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Average annual salaries in the Valley
Product manager: $105,000
Marketing manager: $102,000
Java/web developer: $97,349
Project manager: $92,000
Software engineer: $90,000
Graphic designer: $56,887
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Image: Product manager can earn around $105,000.
Here's what techies make in Silicon Valley
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Cost of living
The average cost of living in the Valley is 61.5 per cent higher than the national average.
The average salary in the Valley is around $92,229 per year. The same standard of living would cost:
$74,808 in New York
$59,514 in San Diego
$46,912 in Philadelphia
$43,459 in Dallas
$38,007 in Knoxville
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Image: Cost of living in the Valley is 61.5 per cent higher than the national average.
Here's what techies earn in Silicon Valley
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Taxes
In California, anyone making over $46,776 per year must pay 9.3 per cent in income taxes.
A person earning the average tech salary in the Valley would save $42,919 in just five years in a state like Florida, where there is no income tax.
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Image: There is 9.3 per cent income tax on those earning above $46,000.
Here's what techies earn in Silicon Valley
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Housing
The average price of a home in the Valley is $774,584. This is 191 per cent higher than the national average.
The average apartment rent costs $2,241 per month. This is 76 per cent higher than the national average.
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