San Francisco’s Tech Sector Nearly Doubles In Four Years, But…

According to the Planning Department’s latest Commerce and Industry Inventory report for San Francisco, employment within the city’s tech sector has grown by almost 91% since 2009 – up from 19,700 to 37,600 jobs in 2013 – but still represents a fairly small proportion (6 percent) of total employment in the city.

And while the average tech sector job in San Francisco paid around $154,000 last year, the average income for all workers in San Francisco was closer to $86,000, up 2.5 percent from 2012.

The rough income needed to purchase a median priced home in San Francisco last month ($999,250) was around $200,000 a year, and that’s assuming $200,000 down and no other household debts or monthly payments (including any HOA fees).

SocketSite, December 8, 2013