America’s high-tech sector has been a key driver of financial development in recent times – and this can probably proceed. STEM fields – these within the areas of science, know-how, engineering, and arithmetic – are important for the U.S. to stay aggressive globally. In keeping with the Bureau of Labor Statistics, which refers to STEM careers as “tomorrow’s jobs,” employment in STEM occupations is projected to develop by 10.5% between 2020 and 2030, in comparison with 7.5% development in non-STEM jobs.
Staff in high-tech industries additionally are typically higher compensated than these working in different sectors. The everyday employee in a STEM occupation earned $95,420 in 2021, greater than double the median wage of $40,120 in non-STEM jobs.
Whereas demand for STEM employees is rising nationwide, high-tech jobs are typically concentrated in some main cities. Within the Minneapolis-St. Paul-Bloomington metro space, which covers components of Minnesota and Wisconsin, jobs in high-tech industries account for 12.8% of general employment in comparison with 9.5% of all employment nationwide. Probably the most concentrated high-tech occupation within the metro space, relative to the U.S. as a complete, is digital instrument manufacturing.
Jobs in STEM fields are typically well-paying, and people within the Minneapolis space aren’t any exception. The typical annual pay amongst occupations in STEM fields within the space stands at $131,741, about 1.9 instances greater than the common pay throughout all occupations within the metro space.
All knowledge used on this story is from the Bureau of Labor Statistics Quarterly Census of Employment and Wages. Metro areas had been ranked primarily based on employment in industries outlined as “high-tech” by the BLS as a proportion of whole employment. The BLS defines high-tech industries as these with a focus of STEM occupations at the least 2.5 instances better than their common focus nationwide in goods-producing and service-providing industries.
| Rank | Metro space | Share of jobs in high-tech industries (%) | Grownup residents with a 4-yr. diploma or greater (%) | Common annual pay in STEM fields ($) |
|---|---|---|---|---|
| 1 | Boulder, CO | 25.0 | 63.0 | 146,158 |
| 2 | San Jose-Sunnyvale-Santa Clara, CA | 22.8 | 52.5 | 416,830 |
| 3 | California-Lexington Park, MD | 22.5 | 32.0 | 233,720 |
| 4 | San Francisco-Oakland-Hayward, CA | 19.7 | 50.7 | 229,896 |
| 5 | Huntsville, AL | 17.6 | 39.8 | 190,484 |
| 6 | Seattle-Tacoma-Bellevue, WA | 17.1 | 43.6 | 381,524 |
| 7 | Palm Bay-Melbourne-Titusville, FL | 16.4 | 30.9 | 106,139 |
| 8 | Boston-Cambridge-Newton, MA-NH | 14.8 | 48.9 | 177,997 |
| 9 | San Diego-Carlsbad, CA | 14.8 | 39.5 | 136,494 |
| 10 | Denver-Aurora-Lakewood, CO | 14.1 | 44.7 | 141,713 |
| 11 | Manchester-Nashua, NH | 13.3 | 38.6 | 151,926 |
| 12 | Austin-Spherical Rock, TX | 13.2 | 46.0 | 156,335 |
| 13 | Minneapolis-St. Paul-Bloomington, MN-WI | 12.8 | 42.7 | 131,741 |
| 14 | Trenton, NJ | 11.9 | 43.5 | 196,740 |
| 15 | Atlanta-Sandy Springs-Roswell, GA | 11.6 | 39.5 | 123,035 |
| 16 | Baltimore-Columbia-Towson, MD | 11.1 | 41.0 | 128,428 |
| 17 | Bridgeport-Stamford-Norwalk, CT | 10.9 | 48.9 | 189,069 |
| 18 | Pittsburgh, PA | 10.8 | 35.9 | 147,225 |
| 19 | Ann Arbor, MI | 10.8 | 56.7 | 142,542 |
| 20 | St. Louis, MO-IL | 10.5 | 35.4 | 124,487 |