It pays to work in the City by the Bay.
San Francisco is the “sweet spot” for job hunters right now, according to Glassdoor’s latest jobs report, which finds that the California city has seen both the fastest job growth and the biggest wage growth in the past year.
The average US worker made about $52,000 last month, up 1 percent year over year, according to Glassdoor’s March Local Pay Reports data released early Tuesday, with jobs in finance, e-commerce, technology and healthcare enjoying the biggest bumps in wages.
And of the almost six million open positions online in the US, San Francisco is seeing the fastest job growth with 162,142 available gigs (up 40.5 percent year over year), followed by New York City with 351,697 open jobs (up 37.2 percent) and Houston with 101,554 open jobs (up 33.1 percent).
The Golden Gate City also boasts the fastest annual wage growth and the highest average pay on the list thanks to its booming tech hub — it’s home to Uber, Lyft, Airbnb, Pinterest and Twitter, for starters — with the median base pay jumping 3.5 percent from a year ago to $69,359 per year, followed by Houston’s 2.1 percent increase to $55,571; Seattle’s 1.9 percent increase to $61,562 and NYC’s 1.8 percent increase to $61,759. On the flip side, Chicago experienced no pay growth in March; the city’s median base pay held at $56,113.
“Slow and steady. It’s been the mantra for wages since pay growth bottomed out several months ago at the start of 2018, however, we should begin to see this glacial growth pick up the pace significantly later this year,” said Glassdoor chief economist Dr. Andrew Chamberlain in a statement. “As companies across industries increasingly find it hard to hire, pumping up offers to new candidates is one mechanism they can use to attract talent as the economy nears full-employment.”