IT & Software
- 66,800 Information & Technology workers are currently employed in the city of San Francisco. Tech activities employed 15.6% of the workforce in San Francisco and 27.4% in the Silicon Valley.
- In terms of growth, IT services, where many of the Internet application jobs are reported. San Francisco and San Mateo tech positions have grown by 104.7% over the past 10 years.
- With 89,380 Computer and mathematical workers, the San Francisco Bay Area and Silicon Valley offer the largest talent pool of its kind in the country.
- The California Employment Development Department (EDD) projects 2,604 new jobs or a 28% increase in the Software industry from 2014 to 2020.
- Approximately 50 percent of IT/digital media jobs are held by workers without a four-year degree—almost all are paid an above-average salary for their level of education.
- The Bay Area accounts for 1.5 times more IT jobs than second-ranked Los Angeles.
- Bay Area IT service firms have added jobs at a faster pace than IT service firms in the nation as a whole.
- Wages in the City of San Francisco are higher than the nationwide average with an average hourly wage of $33.61 in May 2016 which was about 41% above the nationwide average of $23.86.
- Software developers in the San Francisco-Redwood City-South San Francisco area consist of 42,480 employed workers with an hourly mean wage of $60.04 ($124,888/yr).
- Above-average concentrations of employment are found in San Francisco County and City for occupations like system software developers, employed at 3.7 times the national rate in San Francisco, and web developers, at 3.5 times the U.S. average.
- With a relatively stable share of IT employment and substantial gains in productivity, the IT sector has had a growing impact on the Bay Area economy, accounting for as much as 20% of total wages and salaries of workers in the region.
- IT Occupations are projected to grow 12% from 2014-2024, faster than average, which would add 485,000 new jobs, resulting in an overall increase in jobs from 3.9m – 4.4m.
- As of May 2015, the mean annual wage for IT occupations is $81,430/yr which is substantially higher than the average for all occupations at $36,200/yr.
- The highest median pay comes from IT Research Scientists (a yearly income of $110,620) which often involves a doctoral or professional degree.
- The lowest median pay comes from Computer Support Specialists (a yearly income of around $51,470) with varying educational requirements depending on the work being done.