Editor’s Word: This story initially appeared on Tips on how to Dwelling.
Over the past two years, U.S. employees have contended with some of the uncommon financial environments in reminiscence.
On one hand, persistent tightness within the labor market has supplied better alternative and wage progress for a lot of employees. The unemployment price right this moment sits at simply 3.7%, however the financial system nonetheless continues so as to add a whole lot of hundreds of jobs every month.
In efforts to recruit and retain employees on this surroundings, many employers have been boosting wages, particularly for lower-earning employees.
However the highest ranges of inflation in many years have eaten into employees’ beneficial properties. 12 months-over-year will increase within the Client Value Index have topped 5% for each month since Might 2021, peaking at 9.1% in June 2022. And most of the classes the place prices have risen quickest are requirements that take up a big portion of family budgets, like shelter and groceries.
To find out the inexpensive metropolitan areas with probably the most six-figure jobs, researchers at HowtoHome.com calculated locations with the best share of workers in occupations the place the median wage is over $100,000 and the price of dwelling is under the nationwide common utilizing information from the U.S. Bureau of Statistics and the U.S. Bureau of Financial Evaluation. Learn extra about our methodology on the finish.
Listed here are the inexpensive U.S. metropolitan areas with probably the most six-figure jobs.
15. Tampa-St. Petersburg-Clearwater, FL
- Share of workers in $100K+ occupations: 4.6%
- Complete workers in $100K+ occupations: 59,620
- Complete workers throughout all occupations: 1,289,900
- Common wage for workers in $100K+ occupations: $119,365
- Value of dwelling (in comparison with common): -0.9%
14. Pittsburgh, PA
- Share of workers in $100K+ occupations: 4.8%
- Complete workers in $100K+ occupations: 49,550
- Complete workers throughout all occupations: 1,043,000
- Common wage for workers in $100K+ occupations: $122,515
- Value of dwelling (in comparison with common): -4.3%
13. Kansas Metropolis, MO-KS
- Share of workers in $100K+ occupations: 5.1%
- Complete workers in $100K+ occupations: 52,030
- Complete workers throughout all occupations: 1,016,160
- Common wage for workers in $100K+ occupations: $122,480
- Value of dwelling (in comparison with common): -5.3%
12. Rochester, NY
- Share of workers in $100K+ occupations: 5.2%
- Complete workers in $100K+ occupations: 24,310
- Complete workers throughout all occupations: 471,020
- Common wage for workers in $100K+ occupations: $126,099
- Value of dwelling (in comparison with common): -1.7%
11. Cleveland-Elyria, OH
- Share of workers in $100K+ occupations: 5.2%
- Complete workers in $100K+ occupations: 49,820
- Complete workers throughout all occupations: 963,990
- Common wage for workers in $100K+ occupations: $124,335
- Value of dwelling (in comparison with common): -7.0%
10. Columbus, OH
- Share of workers in $100K+ occupations: 5.3%
- Complete workers in $100K+ occupations: 54,330
- Complete workers throughout all occupations: 1,022,310
- Common wage for workers in $100K+ occupations: $123,782
- Value of dwelling (in comparison with common): -5.8%
9. Cincinnati, OH-KY-IN
- Share of workers in $100K+ occupations: 5.7%
- Complete workers in $100K+ occupations: 58,680
- Complete workers throughout all occupations: 1,023,830
- Common wage for workers in $100K+ occupations: $124,417
- Value of dwelling (in comparison with common): -6.5%
8. Salt Lake Metropolis, UT
- Share of workers in $100K+ occupations: 6.1%
- Complete workers in $100K+ occupations: 45,530
- Complete workers throughout all occupations: 743,170
- Common wage for workers in $100K+ occupations: $124,524
- Value of dwelling (in comparison with common): -2.3%
7. Milwaukee-Waukesha, WI
- Share of workers in $100K+ occupations: 6.5%
- Complete workers in $100K+ occupations: 50,910
- Complete workers throughout all occupations: 786,640
- Common wage for workers in $100K+ occupations: $121,877
- Value of dwelling (in comparison with common): -4.1%
6. Nashville-Davidson–Murfreesboro–Franklin, TN
- Share of workers in $100K+ occupations: 7.3%
- Complete workers in $100K+ occupations: 71,600
- Complete workers throughout all occupations: 976,900
- Common wage for workers in $100K+ occupations: $127,707
- Value of dwelling (in comparison with common): -3.0%
5. Atlanta-Sandy Springs-Alpharetta, GA
- Share of workers in $100K+ occupations: 7.7%
- Complete workers in $100K+ occupations: 200,060
- Complete workers throughout all occupations: 2,587,890
- Common wage for workers in $100K+ occupations: $120,481
- Value of dwelling (in comparison with common): -1.8%
4. Richmond, VA
- Share of workers in $100K+ occupations: 8.0%
- Complete workers in $100K+ occupations: 49,400
- Complete workers throughout all occupations: 617,020
- Common wage for workers in $100K+ occupations: $125,655
- Value of dwelling (in comparison with common): -4.6%
3. Detroit-Warren-Dearborn, MI
- Share of workers in $100K+ occupations: 8.7%
- Complete workers in $100K+ occupations: 156,000
- Complete workers throughout all occupations: 1,801,530
- Common wage for workers in $100K+ occupations: $120,756
- Value of dwelling (in comparison with common): -2.9%
2. Charlotte-Harmony-Gastonia, NC-SC
- Share of workers in $100K+ occupations: 11.7%
- Complete workers in $100K+ occupations: 141,090
- Complete workers throughout all occupations: 1,209,890
- Common wage for workers in $100K+ occupations: $124,459
- Value of dwelling (in comparison with common): -5.4%
1. Raleigh-Cary, NC
- Share of workers in $100K+ occupations: 11.8%
- Complete workers in $100K+ occupations: 74,860
- Complete workers throughout all occupations: 633,260
- Common wage for workers in $100K+ occupations: $122,832
- Value of dwelling (in comparison with common): -4.3%
Methodology
The information used on this evaluation is from the U.S. Bureau of Statistics’ Occupational Employment and Wage Statistics and the U.S. Bureau of Financial Evaluation’ Regional Value Parities.
To find out the inexpensive metropolitan areas with probably the most six-figure jobs, researchers at HowtoHome.com calculated a location’s share of workers in occupations the place the median wage is over $100,000 and the price of dwelling is under the nationwide common.
Within the occasion of a tie, the placement with the better complete variety of workers in occupations the place the median wage is over $100,000 was ranked greater. To enhance relevance, solely metropolitan areas with no less than 100,000 residents have been included.