These tech worker wages will astound you
Posted on Thursday, August 21 at 1:28pm | By Kathleen Pender
The average annual wage for high-tech workers in San Francisco rose to $156,518 in 2013, up almost 19 percent from the year before. That ranked the city No. 1 for high-tech wage growth out of 34 markets nationwide, according to Bureau of Labor Statistics data crunched by JLL, a commercial real estate services firm.
The more astonishing statistic: The average tech wage on the mid-Peninsula (San Mateo County) last year was $291,497. Although that was down about 5 percent from 2012, it was still — by far — the highest average tech wage in the nation, surpassing Silicon Valley (Santa Clara County) by almost $100,000.
Ok, I skimmed this article. There’s a lot of blah, blah, blah. Blah blah blah. My takeaway was that the average person in San Mateo makes almost $300,000.
This puts San Mateo at the top of the Real Bay Area.
Using the Silicon Valley rule of thumb that your home should be 10x your income that means soon the average home will be $3M!
Congratulations on all you San Mateans!! You are now the Real, Real Bay Area.