[1] https://www.wsj.com/articles/bats-vs-fangs-why-chinas-tech-h...
The other thing is the average/median is almost certainly being brought down by the loads of juniors, and tiny ramen-style startups that aren't paying shit. On the flip side, they may be excluding some engineering management roles on the top end.
Also, remember that outside your bubble there are a lot of companies of all sizes that need software engineers and don't have access to the same talent pool. There are an awful lot of people hanging out pulling a salary that have absolutely no business being software developers, and are happy to make $50-80k by just knowing enough to fly under the radar in a big shop.
I mused on SF pricing as well in a different top-level comment here, and I'm solidly convinced based on what data I've seen that devskiller's numbers here are objectively misrepresenting the current state of talent pricing in SF. Can't comment on LA, but it wouldn't surprise me if LA was similar to DC in that CoL has skyrocketed because of other inflows of liquidity, e.g. passive income through the entertainment industry.
At startups maybe, senior developers at established companies earn more like 300k+.
AFAIK, only Google and Facebook have fairly sizeable engineering offices here and pay that much.
Even the large financial institutions pay most of their engineers less than 200k, maybe around 150k.
I've heard of "quants" (engineers / mathematicians) who sit at the trading desks making bank, but that was in the days of when trading actually made a ton of money, and I have to yet meet someone in person to ask them how much they made.
The numbers the article is quoting for nyc are jr. dev / intern numbers for anything but the top 20% scale, me thinks.
It's been about two decades since I've seen numbers like that offered for open positions in NYC.
Yes.