Saturday, November 7, 2015

Saturday Stats: Even After Cost of Living Adjustments, San Jose Pay is Still #1

Most people know that San Jose salaries are the highest in the country. Another well known fact is that our cost of living is also one of the highest in the country. So the big question is whether our high cost of living negates our high salaries. According to the latest stats from the U.S. Bureau of Labor Statistics the answer is... No.

The average pay in San Jose is $75,770 per year, #1 in the country. To put that in perspective, the average pay for the #2 city on the list (San Francisco) is $64,990. 

After you factor in cost of living, San Jose's average pay drops to $62,110, which is still enough for it to be the #1 highest-paying city in the country. San Francisco drops to $53,580, bringing it all the way down to #9 on the list. Durham ended up being the city closest to San Jose in the #2 spot with an average pay of $58,780 after factoring in the cost of living adjustments.

So there you have it. Even after factoring in sky-high rents and other expenses, we are still better off salary-wise than the rest of the country.

Source: SVBJ

1 comment:

  1. The cost of living may be the highest but how about the standard of living? Often they can be correlated!