For the first time, Silicon Valley tech worker salaries are averaging over $100,000 per year. Those are just salaries, not even including bonuses or other benefits. This is 25% higher than the national average for the tech industry. From 2010 to 2011, tech salaries nationally grew at a rate of 2% while Silicon Valley salaries rose by a staggering 5.2%. Contractor rates in Silicon valley rose an astronomical 11% to $74/hr (the national average was 2% here as well). Given our shortage of qualified workers, this trend will likely continue for at least a couple more years.
Another nice stat... the average pay for ALL workers--not just tech--in the San Jose metro is $67,850. San Francisco is at $63,290.