It’s no secret that tech wages across the Americas vary considerably. But how wide is that gap?
The following infographic means to illustrate how much average tech salaries differ throughout the US, Canada and several Latin American countries. Built on data from CBRE’s latest Scoring Tech Talent Report, the graphic demonstrates why the Nearshore is growing ever more attractive in the eyes of businesses as a source of quality talent and a hotspot for the delivery of IT services.
Seattle, NYC and the San Francisco Bay Area remain as premium sources of programmers and software engineers. Smaller, less saturated US cities –such as Milwaukee, Kansas, Phoenix and Nashville– have emerged as more affordable alternatives. Top Canadian burgs such as Vancouver and Montreal have emerged as an even cheaper option.
Though there are affordable options within the US and Canada, they can’t compete with Latin America when it comes to wages. Average tech salaries in cities such as São Paulo (Brazil) and Monterrey (Mexico), expensive as they might be within the region, are significantly lower than what’s seen up north.
It must be noted that the numbers shown below correspond to average tech salaries in 2021. Overall demand for IT talent and services has rocketed considerably since then, and the Nearshore has grown more solicited as a source for both.
It wouldn’t be inaccurate to say that, today, the gap in wages across the Americas isn’t as wide as it used to be. Industry sources have told NSAM that, while the job market in LATAM remains more affordable overall, salaries for top executives and seniors are catching up to what’s offered in the US and Canada.
Even then, don’t expect the Nearshore to lose any of its shine soon.