Across job categories, tech pros earn a healthy salary. Now we’ve got a better idea of just how outsized it is compared to the “average” salary, especially if you’re young.
Using data from the U.S. Census Bureau, the Integrated Public Use Microdata Series (IPUMS) takes a more granular look at Census findings and returns datasets anyone can use. Business Insider recently used the service to examine the average salary by age in the United States.
As you might expect (or remember), it doesn’t pay to be young. The average 19-year-old makes $18,000 per year (which is at least better than Universal Basic Income). IPUMS data trends show earnings climb as we age, steadily. There’s no inflation to account for in this scenario. (If you’d like to see the full annual earnings sheet, Business Insider has it broken down from ages 18 through 70.)
But how does this data align with tech pro salaries? Dice’s annual Salary Survey provides a nice snapshot of the tech scene each year, and an average salary for tech pros. While the “average salary” appreciates all job titles, experience levels, geography, and skill-sets, it’s a good income synopsis for tech pros. Equitably, we are comparing data from our 2016 Salary Survey to this IPUMS data, also from 2016.
With that in mind, we distilled the data to examine both the average tech pro earnings versus average per-age income, and broke the IPUMS data into age brackets, which provides a more direct comparison to Dice’s figures:
The average 20-year-old tech pro might not earn north of $90,000 per year, but there are other metrics that suggest tech pros are still earning far better than average. Some 63 percent of tech pros in 2016 were looking to leave their current jobs for better pay, and were earning $77,801 on average – noticeably better than any average earning metric from IPUMS.
It’s also worth noting that IPUMS doesn’t distinguish between tech pro and “other” average salaries, or preclude them from the study, so it’s possible the disparity is even wider. But taken at face value, tech pros are typically making well above average, which might soon be widely available data at your company.