15 Cities with the Quickest-Rising Wages


Worker excited about receiving raise
topperspix / Shutterstock.com

This story initially appeared on HireAHelper.

Gradual wage development and growing wage inequality have characterised the U.S. labor marketplace for the previous a number of a long time. The COVID-19 pandemic has disproportionately impacted lower-wage staff, solely serving to exacerbate these issues. Now, a yr into the pandemic, thousands and thousands of staff stay unemployed and plenty of companies nonetheless face restrictions.

Over the previous 5 years, common annual wages elevated 4.8%, after adjusting for inflation. Nevertheless, a lot of the rise in common wages could be attributed to rising wages among the many highest earners. In accordance with an evaluation of Present Inhabitants Survey information the Financial Coverage Institute (EPI), actual median hourly wages grew 15% from 1979 to 2019. As compared, staff within the 95th percentile noticed their wages develop 63%, whereas staff within the 10th percentile solely skilled wage development of about 3%.

Alongside extra pronounced wage inequality through the years, racial and ethnic pay disparities have continued to persist. EPI’s evaluation of 2019 Present Inhabitants Survey information reveals that white and Hispanic staff outearn Black staff at each stage of schooling. Whites additionally outearn Hispanics at each schooling stage besides these with lower than a highschool diploma. Racial wage gaps are most vital amongst faculty diploma holders, the place white staff earn 29% greater than Black staff and 18% greater than Hispanic staff.

Whereas actual wages elevated almost 5% nationally over the previous 5 years, the typical staff in some elements of the nation skilled little to no features. At a regional stage, the South and Southeast noticed decrease common wage development, whereas sure Northern states skilled significant features. Hawaii and Washington had the fastest-growing wages within the nation, with common annual wages growing 9.9% and 9.2%, respectively. Conversely, Alaska, Delaware, New Mexico, and Mississippi skilled no statistically vital change in actual wages.

To find out the metros with the fastest-growing wages, researchers at HireAHelper analyzed information from the U.S. Bureau of Labor Statistics’s 2019 and 2014 Occupational Employment Statistics information (OES), which displays the latest five-year interval obtainable. The researchers ranked metro areas in response to the inflation-adjusted five-year change in common wages throughout all staff. Researchers additionally calculated the occupation with the most important inflation-adjusted wage improve from 2014 to 2019 in every location.

Preserve studying to see the massive metros with the fastest-growing wages.

15. Rochester, NY

Rochester New York
TarnPisessith / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 5.4%
  • 2019 common annual wage: $52,170
  • 2014 common annual wage (2019 {dollars}): $49,476
  • 2014 common annual wage (2014 {dollars}): $45,770
  • Job with the most important wage improve: Waiters and waitresses (54.5%)

14. Minneapolis-St. Paul-Bloomington, MN-WI

Lake Calhoun, Minneapolis
Roger Siljander / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 5.4%
  • 2019 common annual wage: $59,310
  • 2014 common annual wage (2019 {dollars}): $56,297
  • 2014 common annual wage (2014 {dollars}): $52,080
  • Job with the most important wage improve: Waiters and waitresses (44.4%)

13. Phoenix-Mesa-Scottsdale, AZ

John Wollwerth / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 5.6%
  • 2019 common annual wage: $52,330
  • 2014 common annual wage (2019 {dollars}): $49,551
  • 2014 common annual wage (2014 {dollars}): $45,840
  • Job with the most important wage improve: Bartenders (69.3%)

12. Tampa-St. Petersburg-Clearwater, FL

Tampa, Florida
kevin-j-king / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 5.7%
  • 2019 common annual wage: $49,590
  • 2014 common annual wage (2019 {dollars}): $46,935
  • 2014 common annual wage (2014 {dollars}): $43,420
  • Job with the most important wage improve: Actual property gross sales brokers (58.9%)

11. Boston-Cambridge-Nashua, MA-NH

Boston
mandritoiu / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 5.8%
  • 2019 common annual wage: $69,240
  • 2014 common annual wage (2019 {dollars}): $65,442
  • 2014 common annual wage (2014 {dollars}): $60,540
  • Job with the most important wage improve: Telemarketers (37.5%)

10. Austin-Spherical Rock, TX

Austin, Texas waterscape
Silvio Ligutti / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 6.0%
  • 2019 common annual wage: $55,190
  • 2014 common annual wage (2019 {dollars}): $52,048
  • 2014 common annual wage (2014 {dollars}): $48,150
  • Job with the most important wage improve: Cooks and head cooks (43.2%)

9. Riverside-San Bernardino-Ontario, CA

Riverside, California at night
MattGush / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 6.1%
  • 2019 common annual wage: $50,700
  • 2014 common annual wage (2019 {dollars}): $47,768
  • 2014 common annual wage (2014 {dollars}): $44,190
  • Job with the most important wage improve: Cooks and head cooks (59.8%)

8. Orlando-Kissimmee-Sanford, FL

Orlando, Florida
songquan-deng / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 6.2%
  • 2019 common annual wage: $46,140
  • 2014 common annual wage (2019 {dollars}): $43,455
  • 2014 common annual wage (2014 {dollars}): $40,200
  • Job with the most important wage improve: Merchandise displayers and window trimmers (42.5%)

7. Portland-Vancouver-Hillsboro, OR-WA

Aerial view of Portland with Mount Hood in the background.
josemaria-toscano / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 6.2%
  • 2019 common annual wage: $58,240
  • 2014 common annual wage (2019 {dollars}): $54,816
  • 2014 common annual wage (2014 {dollars}): $50,710
  • Job with the most important wage improve: Bartenders (36.8%)

6. Windfall-Warwick, RI-MA

Providence, Rhode Island
Sean Pavone / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 6.4%
  • 2019 common annual wage: $55,930
  • 2014 common annual wage (2019 {dollars}): $52,557
  • 2014 common annual wage (2014 {dollars}): $48,620
  • Job with the most important wage improve: Plane mechanics and repair technicians (55.0%)

5. Raleigh, NC

Raleigh, North Carolina
Sharkshock / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 7.0%
  • 2019 common annual wage: $54,850
  • 2014 common annual wage (2019 {dollars}): $51,270
  • 2014 common annual wage (2014 {dollars}): $47,430
  • Job with the most important wage improve: Reservation and transportation ticket brokers and journey clerks (49.9%)

4. Buffalo-Cheektowaga-Niagara Falls, NY

Buffalo, New York
Atomazul / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 7.3%
  • 2019 common annual wage: $50,780
  • 2014 common annual wage (2019 {dollars}): $47,335
  • 2014 common annual wage (2014 {dollars}): $43,790
  • Job with the most important wage improve: Tire repairers and changers (60.8%)

3. Denver-Aurora-Lakewood, CO

Denver, Colorado
f11photograph / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 7.3%
  • 2019 common annual wage: $61,540
  • 2014 common annual wage (2019 {dollars}): $57,356
  • 2014 common annual wage (2014 {dollars}): $53,060
  • Job with the most important wage improve: A number of machine instrument setters, operators, and tenders, metallic and plastic (62.5%)

2. San Francisco-Oakland-Hayward, CA

San Francisco, California
IM_photo / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 8.0%
  • 2019 common annual wage: $75,890
  • 2014 common annual wage (2019 {dollars}): $70,252
  • 2014 common annual wage (2014 {dollars}): $64,990
  • Job with the most important wage improve: Hosts and hostesses, restaurant, lounge, and low store (44.4%)

1. Seattle-Tacoma-Bellevue, WA

Seattle skyline
Checubus / Shutterstock.com
  • Inflation-adjusted five-year change in common wage: 10.4%
  • 2019 common annual wage: $68,460
  • 2014 common annual wage (2019 {dollars}): $62,015
  • 2014 common annual wage (2014 {dollars}): $57,370
  • Job with the most important wage improve: Cement masons and concrete finishers (51.7%)

Detailed Findings & Methodology

Cash in a wallet
Yulia Grigoryeva / Shutterstock.com

With a rise in common wages of over 10%, the Seattle metro space had the fastest-growing wages of all massive metros within the nation. Quite a few different tech hubs — San Francisco, Raleigh, Austin, and Boston — additionally had a few of the fastest-growing wages from 2014 to 2019. The metros with probably the most wage development additionally tended to have greater wages total, a mirrored image of accelerating geographic inequality. The common annual wage for 2019 within the massive metros with probably the most wage development was $57,357, in contrast with $53,490 on the nationwide stage.

Among the small and midsize metros with the fastest-growing wages had even greater ranges of wage development from 2014 to 2019. A number of of the midsize metros — Honolulu and Salinas, California — had wage development of over 10%, whereas seven of the small metros with the fastest-growing wages exceeded this mark.

On the occupation stage inside particular metropolitan areas, massive adjustments in common wages could be noticed over a five-year interval for a wide range of causes exterior of hourly wage will increase for particular staff. For instance, such adjustments in common wages might be as a consequence of adjustments in native minimal wage legal guidelines which have had a disproportionate impression on particular staff, the success or failure of particular native companies using massive numbers of staff specifically occupations, or adjustments within the variety of obtainable low- or high-wage positions inside particular occupations, to call a number of. Because of this, the roles reporting the most important wage features on the native stage are different, operating the gamut from cement masons to actual property brokers.

To find out the metros with the fastest-growing wages, researchers analyzed information from the Bureau of Labor Statistics’s 2019 and 2014 Occupational Employment Statistics information (OES). The researchers ranked metro areas in response to the inflation-adjusted change in common wages between 2014 and 2019. Within the occasion of a tie, the metro with the upper common annual wage for 2019 was ranked greater.

The inflation-adjusted change in common wages was calculated as the share change in common annual wages between 2014 and 2019, with 2014 wages transformed to 2019 {dollars} utilizing the Bureau of Labor Statistics’ Shopper Value Index Analysis Collection (CPI-U-RS). Researchers additionally calculated the occupation with the most important inflation-adjusted wage improve from 2014 to 2019; occupations included on this evaluation have been restricted to the 200 jobs with the best employment nationally. All proportion will increase are statistically vital on the 10% confidence stage.

Solely metropolitan areas with a minimum of 100,000 folks have been included within the evaluation. Moreover, metro areas have been grouped into the next cohorts primarily based on inhabitants dimension:

  • Small metros: 100,000–349,999
  • Midsize metros: 350,000–999,999
  • Massive metros: 1 million or extra

Disclosure: The data you learn right here is all the time goal. Nevertheless, we typically obtain compensation if you click on hyperlinks inside our tales.



Supply hyperlink