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Salary Insights8 min readJanuary 10, 2024

Software Engineer Salaries by City: 2024 Benchmark

M

Michael Torres

Compensation Analyst

Understanding software engineer compensation across different markets is essential for both hiring managers and candidates. This analysis covers salary data from 20 major tech hubs worldwide, based on over 50,000 data points from our headhunter network and verified placements.

United States Markets

The US continues to lead global software engineer compensation, with significant variation between markets: San Francisco Bay Area: - Junior (0-2 years): $120K-$160K base - Mid-level (2-5 years): $160K-$220K base - Senior (5-8 years): $200K-$280K base - Staff+ (8+ years): $280K-$400K base - Total comp with equity: Add 30-100% for FAANG/top startups New York City: - Junior: $110K-$145K - Mid-level: $145K-$200K - Senior: $180K-$260K - Staff+: $260K-$380K - Note: Finance and fintech pay 20-30% premiums Seattle: - Junior: $115K-$150K - Mid-level: $150K-$210K - Senior: $190K-$270K - Staff+: $270K-$390K - Amazon and Microsoft anchor the market Austin: - Junior: $95K-$130K - Mid-level: $130K-$180K - Senior: $160K-$230K - Staff+: $220K-$320K - Growing rapidly; Tesla, Meta, Google presence increasing Remote US roles typically pay 80-90% of Bay Area rates for equivalent experience and role.

European Markets

European salaries are typically 30-50% lower than US equivalents when comparing base salary, though the gap narrows when accounting for benefits, healthcare, and work-life balance. London: - Junior: £45K-£65K ($55K-$80K) - Mid-level: £65K-£95K ($80K-$115K) - Senior: £90K-£140K ($110K-$170K) - Staff+: £130K-£200K ($160K-$245K) - Finance sector pays 30-50% premiums Berlin: - Junior: €50K-€65K ($54K-$70K) - Mid-level: €65K-€90K ($70K-$97K) - Senior: €85K-€120K ($92K-$130K) - Staff+: €110K-€160K ($119K-$173K) - Strong startup ecosystem, growing quickly Amsterdam: - Junior: €50K-€70K ($54K-$76K) - Mid-level: €70K-€100K ($76K-$108K) - Senior: €95K-€130K ($103K-$141K) - Staff+: €120K-€170K ($130K-$184K) - Booking.com, Uber, Netflix anchor market Note: European packages often include 25-30 days vacation, strong parental leave, and employer pension contributions worth 5-15% additional.

Asia-Pacific Markets

APAC markets show the widest variation, from near-US levels in Singapore to 70-80% lower in parts of India. Singapore: - Junior: SGD 60K-85K ($45K-$64K) - Mid-level: SGD 85K-130K ($64K-$98K) - Senior: SGD 120K-180K ($90K-$135K) - Staff+: SGD 160K-250K ($120K-$188K) - Regional HQ for many tech giants Tokyo: - Junior: ¥5M-7M ($33K-$47K) - Mid-level: ¥7M-12M ($47K-$80K) - Senior: ¥10M-18M ($67K-$120K) - Staff+: ¥15M-30M ($100K-$200K) - Foreign tech companies pay 50-100% more than traditional Japanese firms Sydney: - Junior: AUD 80K-110K ($52K-$72K) - Mid-level: AUD 110K-160K ($72K-$104K) - Senior: AUD 150K-220K ($98K-$144K) - Staff+: AUD 200K-300K ($130K-$196K) - Canva, Atlassian, and Afterpay drive premium compensation Bangalore: - Junior: INR 8L-15L ($10K-$18K) - Mid-level: INR 15L-30L ($18K-$36K) - Senior: INR 30L-60L ($36K-$72K) - Staff+: INR 50L-100L+ ($60K-$120K+) - Top tech companies (Google, Microsoft) pay 2-3x market rates

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