Updated about 19 hours ago on . Most recent reply
Austin remains a top 5 US tech talent market
CBRE ranked Austin No. 6 overall among the top 50 markets and No. 5 in the United States for the overall strength of its tech talent, based on 13 metrics meant to gauge a location's depth, vitality and attractiveness to companies. Austin came in behind the San Francisco Bay Area, Seattle, New York City, Washington D.C. and Toronto and ahead of Boston.
Austin's ranking was unchanged from 2022.
Among the highlights of the new report:
- - Austin ranks No. 3 for the highest concentration of software engineers, trailing only the Bay Area and Seattle.
- - Austin also ranks No. 3 for the highest concentration of tech talent within the core tech industry, topped only by the Bay Area and Seattle.
- - Local tech workers earn an average salary of $104,000, up 18% from five years ago. The highest paying role is computer and IT systems manager, with an average salary of $164,770.
- - Austin has the nation's highest growth rate of tech workers in their 30s, with a 52% increase from 2016 to 2021.
This year's report shows that tech companies have been shedding jobs, often in sales. But small- and medium-sized non-tech businesses have been scooping up a lot of that talent as technology becomes a bigger piece of many industries.