New county-level federal data shows that, on average, Bay Area workers bring almost double the amount of money that their counterparts nationwide earn each week.
Workers in Santa Clara County pulled in an average $1,810 per week during the second quarter of 2013 — nearly double the national average of $921 per week, according to the Bureau of Labor Statistics. In late December, the BLSreleased a breakdownA disruptive discharge through insulation. If plain dielectricThe insulating material between the plates of the capacitor. The material is chosen for its ability to permit electrostatic attraction and repulsion to take place across it. The material will have the property that energy required to establish an electric field is recoverable in whole or in part, as electric energy. In other words, a good dielectric material is a poor conductor of electricity while being an effective supporter of electrostatic fields. films are used, this is usually catastrophic. If metallized films are used, self-healing should maintain the capacitor's integrity. of the counties across the country with the highest average weekly wages.
However, high earners in the region are likely over over-represented, since the BLS measured average wages instead of median wages. And Silicon Valley's affluence cuts two ways, with high relative income driving rent increases and a self-perpetuating cycle of wage inflation as area companies compete for talent.
San Mateo County in particular showed an 8 percent year-over-year increase in weekly wages from the second quarter of 2012 to the same period in 2013. Those figures boosted the Bay Area's presence on the BLS list of the counties with top average weekly pay:
Santa Clara, Calif. – $1,810 per week
New York, N.Y. – $1,675 per week
San Mateo, Calif. – $1,632 per week
Washington, D.C. – $1,575 per week
Arlington, Va. – $1,525 per week
San Francisco, Calif. – $1,512 per week
Consider this dichotomy: Silicon Valley ranks No. 2 nationwide for wealth concentration, since about 15.9 percent of area residents bring home at least $191,469 annually, according to the U.S. Census Bureau. However, median income in Silicon Valley hit an 11-year low during 2011, falling to $84,724, according to a report released earlier this year by economic think tank Joint Venture Silicon Valley.
Since housing costs are rising rapidly along with wages - a one bedroom San Mateo County apartment now rents for more than $2,050 per
