Are Silicon Valley software engineers really as rich as they seem? Check out this ranking.

Are Silicon Valley software engineers really as rich as they seem? Check out this ranking. Homes in San Francisco. halbergman/Getty Images Software engineers in the Bay Area still earn far more than their peers almost anywhere else in the US, even after accounting for the region's eye-watering cost of living.Recent data from Levels.fyi found total compensation is 77% above an employment-weighted national median. Adjusting for local prices narrows the gap, but Bay Area engineers still come out 53% ahead.The analysis used federal employment counts to help account for where software engineers work, rather than relying solely on where people submit their pay to Levels.fyi.Seattle also remains well above average after the adjustment, while cities such as Boston and Washington, DC, lose most of their advantage once living costs are factored in.The chart below shows the pay differences before adjusting for local prices.One important caveat: The cost-of-living comparison does not account for differences in state and local taxes.These numbers are also based on submissions to Levels.fyi, so they could over-index toward areas where people like to brag about their pay, wherever that is!Sign up for the AI Insider newsletter here. Reach out to me via email at abarr@businessinsider.com Read next Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Alistair Barr is the driving force behind Business Insider's AI Insider franchise, including the AI Insider newsletter. Sign up here. Before that, he was Business Insider's Global Tech Editor and the Big Tech team leader at Bloomberg, following a reporting career at The Wall Street Journal, USA Today, Reuters, and MarketWatch. Alistair covers all things Big Tech, along with startups and venture capital. He writes analysis and columns about topics including AI, cloud computing, data centers, semiconductors, online search, e-commerce, EVs, robotics, and autonomous vehicles. AI Insider