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Philadelphia STEM salaries 6% below competitor regional averages but 175% more than non-STEM jobs in the area

• Science, technology, engineering, and math (STEM) occupations are widely acknowledge to be the drivers of innovation and economic growth in the 21st century. Across the United States, the U.S. Bureau of Labor Statistics counts 8.9 million of the country’s 142.5 million jobs (just 6.2%) in STEM fields, including occupations like Computer Programmers, Aerospace Engineers, Physical Scientists, and Microbiologists, among many others.

• In 2017, the Philadelphia MSA was home to 200,000 STEM jobs, or 2.2% of all national jobs in STEM. While large cities tend to attract and grow the most STEM jobs (with New York leading the way at 523,000 STEM jobs), Philadelphia’s total is not far behind the Boston region, which was home to 291,000 STEM jobs in 2017.

• With stiff competition for talent, we expect wages, particularly in STEM fields, to continue to rise. So where should a cost-conscious employer that needs to grow in STEM fields look? Philadelphia comes in 8th place for the lowest average wages paid to STEM workers, a full 25% less than average salaries paid in San Jose.

• In addition to Philadelphia’s comparatively low STEM wages, occupiers can expect to pay the second lowest rental rates for new office construction on the East Coast, further solidifying Philadelphia’s position as a high-talent, low cost market for innovative companies interested in differentiated real estate. 

Source: JLL Research, U.S. Bureau of Labor Statistics

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