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Software Engineer Salary Report 2024

Software Engineer Salary Report 2024
Photo by Firmbee.com / Unsplash

In this report:

  • how well software engineers are paid
  • list of software engineer salaries by each state
  • list of software engineer salaries by each city and metropolitan area

Software engineers earn 207% more than the median
The median salary for software engineers in the United States is $110,140, according to the U.S. Bureau of Labor Statistics, which is 207% more than the median personal salary of $35,805.

The projected percent change in employment for software engineers from 2020 to 2030 is 22%. The average growth rate for all occupations is 8 percent. Therefore, the employment of software engineers is growing much faster than average. More software companies are being born, and more businesses are hiring software engineers.

Pandemic and recession-proof
In the current pandemic and recession, many industries have been hit hard. However, the software engineering industry has remained relatively unscathed. In fact, many software engineers are in high demand as businesses adapt to the new normal.

The pandemic has accelerated the trend of businesses moving online. This has created a need for more software engineers to develop and maintain websites and web-based applications. The recession has also led to cost-cutting measures, which has resulted in businesses outsourcing more work to software engineers.

Overall, the demand for software engineers is expected to continue to grow in the coming years. This is good news for those considering a career in software engineering.

Super easy to find a remote job as a software engineer
Finding a remote job as a software engineer is much easier than finding a job in another field. The reason for this is that many software companies are born as remote companies. They don’t have a physical office that they need to maintain, so they can save on overhead costs by hiring remote employees.

The bottom line is that if you’re a software engineer, you have a much better chance of finding a remote job than someone in another field.

Software engineer salary for each U.S. state
Higher salaries are often found in areas with a higher cost of living. This is because employers need to offer higher wages in order to attract workers to these more expensive areas.

East Coast
The Northeast region has the highest salaries in the country, with Massachusetts, New Hampshire, and Rhode Island leading the way. In these states, the average salary for a software engineer is over $120,000 per year. This is due to the high cost of living in these states, as well as the large number of tech companies located in the region.

West Coast
The West Coast is also home to some of the highest-paying states for software engineers, including California. The Northwest region is also home to some of the highest-paying states for software engineers, including Washington and Oregon. In these states, the average salary is around $110,000 per year.

Texas
The state of Texas is home to some of the highest-paying software engineering jobs in the country. In Texas, the average salary for a software engineer is around $110,000 per year. Texas is home to a large number of software engineering jobs due to the presence of many large tech companies in the state. These companies are often willing to pay top dollar for talented software engineers. In addition, the cost of living in Texas is relatively low, which makes it an attractive place to live for software engineers.

Midwest
The Midwest lags behind the rest of the country in terms of average software engineer salaries, with states like Indiana, Ohio, and Michigan all falling below the national average. This is due in part to the presence of states like Indiana, Ohio, and Michigan, which all have below average salaries. While there are many factors that contribute to this overall trend, it is nonetheless something that potential software engineers should be aware of when considering job prospects in the Midwest.

Alaska and Hawaii
Alaska has the third-highest average salary for software engineers, with an average salary of $108,000 per year. The state also has the highest percentage of workers in the field, with nearly 10% of the state’s workforce employed as software engineers.

Hawaii ranks fourth in the nation for average software engineer salaries, with an average salary of $107,000 per year. The state also has the second-highest percentage of workers in the field, with nearly 9% of the state’s workforce employed as software engineers.

List of Average Software Engineer Salaries for each state:

Software engineer salary for top metropolitan cities
There are a number of metropolitan cities across the United States where software engineers can earn high salaries. Some of the highest paying metropolitan areas for software engineers include San Francisco, San Jose, Seattle, and New York City.

In these metropolitan areas, software engineers can earn annual salaries that range from $100,000 to $150,000. With such high salaries, it is no wonder that these metropolitan areas are some of the most popular places for software engineers to work.

As a software engineer, you can expect to earn a very handsome salary. In general, software engineers are paid very well. With an average salary of $100,000 per year, software engineers are among the highest-paid professionals in the United States.

It is important to keep in mind that this is just the median salary. With 5 to 10 years of experience, a senior software engineer can easily make north of $300,000 per year. So, if you’re looking to earn a good living as a software engineer, you certainly can.

List of Average Software Engineer Salaries for each city:

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Sources:
- https://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm
- https://fred.stlouisfed.org/series/MEPAINUSA672N
- https://www.bls.gov/oes/current/oes151252.htm#(2)