The rents are high. The home prices staggering. The cost of a vegan blueberry muffin will give you sticker shock (in certain neighborhoods). Thank goodness wages seem to be soaring in the Bay Area.
The latest numbers from the U.S. Department of Labor’s Bureau of Labor Statistics reveal that workers in San Francisco, Marin and San Mateo counties had an average hourly wage of $33.34 in May 2014, about 47 percent above the national average of $22.71.
The data, collected in a twice-yearly survey of employers, also revealed higher numbers of workers in certain occupational groups compared to the nationwide distribution. For example, the San Francisco area had 73,500 jobs in computer and mathematical fields, accounting for 6.8 percent of local employment, compared to the 2.8-percent share nationally. On the flip side, concentrations were below average in other groups, such as production, health care practitioners and technical, and transportation and material moving.
Wages in the San Francisco area were higher than their respective national averages in all of the 22 major occupational fields. Those who worked in high-tech and computer fields earned an average of $51.44 an hour, much higher than the national average of $40.37. The biggest earners were in management, making $72.45 an hour compared to the U.S. average of $54.08.
Read more: SFGate (blog) San Francisco-area employees make nearly 50 percent more than …