September 7, 2017

San Francisco’s Annual Wage Growth Is Among the Nation’s Highest

Wages in San Francisco are growing faster than in other major U.S. metropolitan areas.

  • The average employee in the San Francisco metro area earned more than $68,000 per year as of August, an annual gain of 2.4 percent.
  • The energy and utilities industry is San Francisco’s highest-paying sector, with an annual median base salary of more than $75,000.
  • Job openings have increased by 20.1 percent in San Francisco since August 2016, and the region’s unemployment rate is at 3.6 percent.

 

On the heels of a report that explains how paychecks stretch further in San Francisco than they do in other coastal job centers comes more promising economic news: Wages here are growing faster than in other major U.S. metropolitan areas.

Glassdoor’s newly released Local Pay Reports say that the annual median base pay in the San Francisco metro area was $68,164 as of August, a year-over-year gain of 2.4 percent. The region has the largest salary of any of the 10 major U.S. metro areas that Glassdoor tracks and ties Boston for the highest annual growth.

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About The Mark Company

The Mark Company is one of the nation’s premier urban residential marketing and sales firms. Founded by Alan Mark in 1997, The Mark Company provides a full range of core consulting services including analytics, design, marketing and sales for urban high-rises and suburban attached properties throughout the Western United States. The firm is a trusted partner to global leaders in residential development and finance, providing buyer-driven sales and marketing strategies that produce industry-leading results. The Mark Company has represented more than 10,000 residences and generated over $5 billion in sales for some of the nation’s most notable and successful developments including The Infinity in San Francisco, Evo in Los Angeles and The Martin in Las Vegas. Current projects include 181 Fremont Residences and The Austin in San Francisco and Cavalleri in Malibu. The Mark Company is a subsidiary of San Francisco-based Pacific Union International, the eighth-largest residential real estate brokerage in the U.S. based on 2016 sales volume of $10.15 billion. Pacific Union merged with Los Angeles-based brokerages John Aaroe Group in December 2016 and Partners Trust in August 2017. This strategic business collaboration links four of the strongest residential real estate firms on the West Coast, supporting combined 2016 production of $12.6 billion by 1,400 real estate professionals in 47 offices throughout California. For more information, please visit www.themarkcompany.com.