I'm not sure what you based your $209k number on, since you don't cite an average hourly rate. However, its not terribly surprising. Full cost of an employee is usually estimated at 2-2.5x salary, so on an average of $93k salary, the hourly rate must be about what one would expect.<p>Full cost of employee means salary, benefits, physical space, equipment, social security, etc. Also worth noting that its unusual for developers to work more than 48 weeks out of the year; not sure if you took this into account.