One Quora article claims that the average compensation of tech employees at these companies is above $200K. This is partly why areas that employ many tech workers are facing housing price crises: after covering their costs of living, the surplus compensation often goes into housing. Since housing is seen as "safe" and as a form of investment, it can soak up considerable amounts of surplus income, and since there's only so much of it in a given area, the competition for housing is intense.
In terms of straight dollars, you can easily earn $200k+/yr doing contracting.
> In terms of straight dollars, you can easily earn $200k+/yr doing contracting.
But.. is contracting really ever easy? I mean it's hard work getting clients and how many people are qualified enough?
But I disagree that there are many options to save on tax, etc though. I wasn't too bad, but there was no way I could've saved 50% of that (esp if not locked away like 401k). Just my rent for 1 bed in a average apartment was >50k a year.