Jul 11, 2022 - Business

Seattle's tech workers are now paid like San Francisco's

Select local tech wages compared to San Francisco market
Data: Carta; Chart: Jacque Schrag/Axios

Workers at tech startups in Seattle are being paid as much as those in San Francisco these days, a new analysis finds.

Driving the news: Seattle is now considered a first-tier city when it comes to tech worker compensation, according to private-company data compiled by Carta, the maker of an equity management software.

By the numbers: As of June, workers at tech startups in the Seattle area were making 100% of what their counterparts in San Francisco brought in, Carta's data shows.

  • That's a shift from a year ago, when the ratio was 97%.

The big picture: Carta says tech salaries across the country are rising to match those in San Francisco in part because of remote work.

  • "Some companies with newly remote workforces are now competing for talent in a variety of markets across the country, rather than just in their home states," according to the company.

Of note: To build its report, Carta examined the pay of more than 127,000 employees nationwide.

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