Boston is the biggest city in one of the best states for tech jobs in the country. It also has one of the highest costs of living in the country, but a strong economy makes it highly livable. The city has many universities and is considered to be the life sciences capital of the United States by the Milken Institute. There's also a lot of access to venture capital. Boston-area cybersecurity companies alone raise more than $100 million in one year.
Boston, MA Technology Job Market
The percentage of tech workers in Massachusetts is higher than anywhere else in the country, with about 1 in 10 private sector workers employed in the tech industry. The market is growing, too, increasing by about three percent, or adding close to 9,000 jobs to the tech industry, each year. The areas of tech that have the largest number of employees statewide are IT services, R&D, and testing. Massachusetts has over 50,000 workers in research and development and testing facilities, the second highest number in the country.
Technology jobs in Boston and Cambridge account for about 60 percent of open software engineering positions in the state.
Technology Salaries in Boston, MA
Massachusetts is in the top 5 states when it comes to tech payroll, paying out over $34 billion a year to people with tech jobs. Payroll for tech jobs makes up about 19 percent of the state's total private sector payroll. The average salary for tech jobs statewide is over $120,000 a year, almost twice as much as the average private sector wage in the state.
In Boston, software engineers can expect to make about $82,000 a year on average. A promotion to senior software engineer increases the yearly salary to about $106,000. If you're in IT, try for the advanced position of IT project manager, which pays an average of $96,000 a year.