Average Software Developers Salary in Waco, TX
Software Developers in Waco, TX, earn an average annual salary of $116,340. This figure is notably below the national average of $145,320, reflecting the unique economic landscape and demand specific to the Waco metropolitan area. Factors such as the local industry mix and the availability of specialized tech talent contribute to this localized compensation.
Executive Summary
- Average Salary: $116,340 per year.
- Growth Trend: Salaries have shifted 9.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $162,370.
- Outlook: The Waco, TX job market for Software Developers, while modest in size with a total local workforce of 460, presents a specific concentration. The Location Quotient of 0.33 indicates that Software Developers are less concentrated in Waco compared to the national average, suggesting a potentially less saturated but also potentially less robust demand for specialized roles within the immediate region.
Salary Overview
The average Software Developers in Waco, TX earns-19.9%below the national average.
$55.9
$2,237
$9,695
Software Developers Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is generally assumed that the field of Software Development has experienced consistent salary growth over the past four years nationwide. This trend is typically driven by increasing demand for digital solutions, evolving technologies, and a persistent need for skilled professionals across various industries, which likely extends to the Waco market.
Software Developers Salary Distribution in Waco, TX
Salary progression for Software Developers in Waco, TX, is expected to follow typical industry patterns, with entry-level positions commanding lower salaries and senior-level roles earning significantly more. The percentile gaps between junior, mid-level, and senior developers represent clear career progression pathways and the increasing value of experience, specialized skills, and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $66,800 | $32.1 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $87,255 | $41.9 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $118,870 | $57.1 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $145,425 | $69.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $162,370 | $78.1 |
Detailed Software Developers Market Analysis
Relocation Context
Nominal Salary
$116,340
Gross Pay
Real Wage (Purchasing Power)
$116,340
Adjusted for COL (100)
The nominal average salary of $116,340 in Waco, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Software Developer's salary in Waco is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
460
Total Jobs
3.576
Per 1K Jobs
0.33
Location Quotient
At 0.33x, Waco, TX has a notably lower concentration of Software Developers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.33, Waco, TX, has a lower concentration of Software Developers than the national average. This suggests that the job market for these professionals in Waco is less competitive and potentially offers more opportunities for those seeking roles where they might be a more prominent part of the local tech ecosystem, rather than being one of many in a highly saturated market.
Nearby Job Markets
Nearby Cities for Software Developers
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Software Developers Salary | $124,960↑ 7% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Software Developers Salary | $145,170↑ 25% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Software Developers Salary | $122,110↑ 5% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Software Developers Salary | $122,750↑ 6% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Software Developers Salary | $130,880↑ 12% | 41 mi |
Comparing salaries near Waco, TX
Hiring Software Developerss?
Frequently Asked Questions
How much does a Software Developers make in Waco, TX?
The median annual salary for a Software Developers in Waco, TX is $116,340. This typically ranges from $66,800 for entry-level positions to $162,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 19.9% lower than the national median of $145,320.
Is Waco, TX a lucrative place for Software Developers?
No, not when compared to the national average.While the average salary of $116,340 is substantial, it falls significantly short of the national average of $145,320. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Waco, TX a good place to live for Software Developers?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($124,960) and Northwestern Region of Texas nonmetropolitan area.
How does the number of Software Developers in Waco compare nationally?
Waco has a local workforce of 460 Software Developers, and with 3.576 jobs per 1,000 workers, the concentration is lower than the national average, indicated by a Location Quotient of 0.33.
What is the Cost of Living in Waco, TX for Software Developers?
The Cost of Living Index in Waco, TX is 100, which is precisely the national average. This means that the expenses for goods and services are comparable to the rest of the United States.
Are there many Software Developer jobs in Waco, TX?
While the total workforce is 460, the lower Location Quotient suggests that the demand for Software Developers in Waco might be less intense compared to national hubs, though specific job availability can fluctuate.
How does experience affect a Software Developer's salary in Waco?
Experience is a key driver of salary. Entry-level developers will earn less, while senior developers with specialized skills and proven track records can command significantly higher salaries, reflecting the typical career progression in the tech industry.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Waco, TX area with a job density of 3.576 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Software Developers • Data source: BLS OEWS 2024 •Jobs in Waco, TX