The Prevalance of Rust in Web3: Salary Expectations & Global Stats

With more and more companies migrating to Rust for their projects, the demand for skilled rust developer jobs is on the rise. The question is what can you expect for a salary with this burgeoning skillset.

In 2023, Rust developers can expect competitive salaries that reflect the value and expertise they bring to the table. Based on Calyptus’ recruitment data, on average, the salary for a Rust developer today is $130K globally. The minimum being $45K, with some positions offering up to $250K.

As a language, Rust is increasing in popularity and long-term usership. According to the Stack Overflow Developer Survey 2023, Rust is the most admired language with more than 80% of developers using it stating they will be using it again next year.

Companies are recognising the importance of Rust's memory safety and reliability in building secure and high-performance solutions. This increase in popularity means learning Rust could open doors to exciting career opportunities and give developers a competitive edge in the job market.

By learning Rust, developers can position themselves as sought-after professionals. Today, the share of the world’s 28 million developers using Rust is only 18%.

This scarcity of skilled Rust developers beholds an opportunity for builders around the world. Companies are struggling to find qualified candidates who can effectively work with this language. This allows Rust developers to command higher salaries due to their valuable expertise.

To take advantage of the opportunities in the job market whether remote jobs, hybrid or in office, aspiring Rust developers should invest time in learning Rust and honing their skills.

These skills are becoming especially prevalent in the Web3 industry!

By staying up-to-date with the latest developments in Rust and blockchain technologies, developers can position themselves as valuable assets to companies and increase their earning potential in 2023. Check out the article on crushing rust developer job interviews to learn some tips and tricks to boost your Rust Developer skills.

Rust Developer Salary Trend in Web3

In 2022, Rust Developers in Web3 could earn up to $156,000 per year. Fast forward to 2023, as you can see from the graph,Rust Developer Salaries have reached up to $250K. Year by year, the salaries for Rust Developers are increasing with the increasing popularity of the rust language.

Besides the supply and demand of Rust skills, there are other factors that may affect the salary of Rust developers in 2023. Some of these factors are:

Location: The location of the developer may have a significant impact on salary, as different regions have different costs of living, tax rates, and market conditions. For example, in the UK, the minimum is 45K and maximum is 140K. This is lower than the average salary in the US, but may still be considered high in the UK context. In the US, the minimum salary is $85K and the maximum is $220K.

Experience: The experience level of the developer may also influence their salary, as more experienced developers may have more skills, knowledge, and reputation in the industry. For example, from Calyptus’ recruitment data, the average salary for a senior Rust developer is $120K per year. This is considerably higher than the average salary for a junior Rust developer, which is about $58,000 per year. The salary for a mid-level rust developer ranges from $70K to $200K. The average salary for mid-level rust developers is $127K.

Industry: The industry of the employer may also have an impact on the salary of Rust developers, as different industries may have different needs, expectations, and budgets for software development.

For the Web3 industry, you can stay up-to-date about Rust by following the Calyptus blog. You can also check out Rust Jobs on the platform from the likes of Optimism, Wintermute & Zerion here.