Annual pay for the 50 highest-paying AI job openings in April ranged from $312,499 to $680,004, according to an analysis by Veritone (NASDAQ: VERI), a provider of AI solutions.
Overall, pay for AI jobs far outpaced that of all jobs, according to Veritone. Its research is based on Aspen Tech Labs’ Job Market Pulse data of more than 5 million US jobs from more than 112,000 employers.
The median annual salary in April for AI jobs was $160,056, which represents an hourly rate of $76.95. That’s up from $144,986 during the same period last year, which equals an hourly rate of $69.70.
In comparison, the average hourly earnings for all employees on private nonfarm payrolls in the US was $34.75.
Veritone also reported the number of vacancies for AI jobs rose 32% year over year to 14,117 in April.
“The April data shows that the AI job market is growing much faster than the overall job market, indicating robust demand for AI expertise,” Alex Fourlis, general manager of Veritone Hire, said in a press release. “Wages and wage growth in the AI sector also significantly outpace the general job market, highlighting the premium placed on AI-related skills and the lucrative opportunities within this field.”
The top 10 markets in terms of AI job vacancies in April, according to Veritone, were:
- California
- Texas
- Washington
- New York
- Virginia
- Massachusetts
- New Jersey
- Illinois
- Maryland
- Pennsylvania