Technology job marketplace Hired said the pandemic-fueled push for remote work has caused technology salaries in New York City and San Francisco to fall for the first time in five years.
San Francisco still offers the highest average annual wage for U.S. tech workers at $165,000, but that is down 0.3% from last year.
Hired's Josh Brenner said high rents, local taxes, and other factors in San Francisco and New York offset the high salaries seen in those cities.
Meanwhile, salaries rose 4.6% to $158,000 in Amazon.com's home state of Seattle, and by 5% in Austin, TX, where Facebook and Google have settled.
Brenner said, "We're seeing movement to some of these smaller markets driven by the actual lifestyle there."
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