Best Cities for IT Salaries and Cost of Living
It's great to get a six-figure salary offer. But in terms of your ability to afford a comfortable lifestyle and even save money, your overall compensation accounts for only part of the equation. The other prime factor is the cost of living in the city where the job is located. To illustrate this point, Paysa has come up with the following lists of cities ranked for average tech employee salaries, along with cost of living data. It's no surprise, for example, that IT employees in San Francisco make the most money. But, when the cost of living is factored in, San Francisco ranks near the bottom in terms of being a "value city." If you want to live and work in a metro area where your paycheck stretches the furthest, you'd be better off heading to Seattle, Atlanta, Austin, Denver or Philadelphia. "Even though you can earn more in the San Francisco Bay Area than other places, with such a high cost of living, it's extremely difficult to get by on a salary," said Chris Bolte, CEO of Paysa. "So it makes sense that companies and employees are looking beyond Silicon Valley and taking advantage of new campuses in different cities across the U.S." The findings are based on an analysis of data from Paysa, Zillow and the MIT Living Wage Calculator.