Editor’s Word: This story initially appeared on Learn how to Dwelling.
During the last 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 offered higher alternative and wage development for a lot of employees. The unemployment price right this moment sits at simply 3.7%, however the economic system nonetheless continues so as to add a whole lot of 1000’s of jobs every month.
In efforts to recruit and retain employees on this setting, many employers have been boosting wages, particularly for lower-earning employees.
However the highest ranges of inflation in a long time have eaten into employees’ features. Yr-over-year will increase within the Client Worth Index have topped 5% for each month since Could 2021, peaking at 9.1% in June 2022. And lots 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 essentially the most six-figure jobs, researchers at HowtoHome.com calculated locations with the best share of staff in occupations the place the median wage is over $100,000 and the price of residing is under the nationwide common utilizing knowledge 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 essentially the most six-figure jobs.
15. Tampa-St. Petersburg-Clearwater, FL
- Share of staff in $100K+ occupations: 4.6%
- Complete staff in $100K+ occupations: 59,620
- Complete staff throughout all occupations: 1,289,900
- Common wage for workers in $100K+ occupations: $119,365
- Price of residing (in comparison with common): -0.9%
14. Pittsburgh, PA
- Share of staff in $100K+ occupations: 4.8%
- Complete staff in $100K+ occupations: 49,550
- Complete staff throughout all occupations: 1,043,000
- Common wage for workers in $100K+ occupations: $122,515
- Price of residing (in comparison with common): -4.3%
13. Kansas Metropolis, MO-KS
- Share of staff in $100K+ occupations: 5.1%
- Complete staff in $100K+ occupations: 52,030
- Complete staff throughout all occupations: 1,016,160
- Common wage for workers in $100K+ occupations: $122,480
- Price of residing (in comparison with common): -5.3%
12. Rochester, NY
- Share of staff in $100K+ occupations: 5.2%
- Complete staff in $100K+ occupations: 24,310
- Complete staff throughout all occupations: 471,020
- Common wage for workers in $100K+ occupations: $126,099
- Price of residing (in comparison with common): -1.7%
11. Cleveland-Elyria, OH
- Share of staff in $100K+ occupations: 5.2%
- Complete staff in $100K+ occupations: 49,820
- Complete staff throughout all occupations: 963,990
- Common wage for workers in $100K+ occupations: $124,335
- Price of residing (in comparison with common): -7.0%
10. Columbus, OH
- Share of staff in $100K+ occupations: 5.3%
- Complete staff in $100K+ occupations: 54,330
- Complete staff throughout all occupations: 1,022,310
- Common wage for workers in $100K+ occupations: $123,782
- Price of residing (in comparison with common): -5.8%
9. Cincinnati, OH-KY-IN
- Share of staff in $100K+ occupations: 5.7%
- Complete staff in $100K+ occupations: 58,680
- Complete staff throughout all occupations: 1,023,830
- Common wage for workers in $100K+ occupations: $124,417
- Price of residing (in comparison with common): -6.5%
8. Salt Lake Metropolis, UT
- Share of staff in $100K+ occupations: 6.1%
- Complete staff in $100K+ occupations: 45,530
- Complete staff throughout all occupations: 743,170
- Common wage for workers in $100K+ occupations: $124,524
- Price of residing (in comparison with common): -2.3%
7. Milwaukee-Waukesha, WI
- Share of staff in $100K+ occupations: 6.5%
- Complete staff in $100K+ occupations: 50,910
- Complete staff throughout all occupations: 786,640
- Common wage for workers in $100K+ occupations: $121,877
- Price of residing (in comparison with common): -4.1%
6. Nashville-Davidson–Murfreesboro–Franklin, TN
- Share of staff in $100K+ occupations: 7.3%
- Complete staff in $100K+ occupations: 71,600
- Complete staff throughout all occupations: 976,900
- Common wage for workers in $100K+ occupations: $127,707
- Price of residing (in comparison with common): -3.0%
5. Atlanta-Sandy Springs-Alpharetta, GA
- Share of staff in $100K+ occupations: 7.7%
- Complete staff in $100K+ occupations: 200,060
- Complete staff throughout all occupations: 2,587,890
- Common wage for workers in $100K+ occupations: $120,481
- Price of residing (in comparison with common): -1.8%
4. Richmond, VA
- Share of staff in $100K+ occupations: 8.0%
- Complete staff in $100K+ occupations: 49,400
- Complete staff throughout all occupations: 617,020
- Common wage for workers in $100K+ occupations: $125,655
- Price of residing (in comparison with common): -4.6%
3. Detroit-Warren-Dearborn, MI
- Share of staff in $100K+ occupations: 8.7%
- Complete staff in $100K+ occupations: 156,000
- Complete staff throughout all occupations: 1,801,530
- Common wage for workers in $100K+ occupations: $120,756
- Price of residing (in comparison with common): -2.9%
2. Charlotte-Harmony-Gastonia, NC-SC
- Share of staff in $100K+ occupations: 11.7%
- Complete staff in $100K+ occupations: 141,090
- Complete staff throughout all occupations: 1,209,890
- Common wage for workers in $100K+ occupations: $124,459
- Price of residing (in comparison with common): -5.4%
1. Raleigh-Cary, NC
- Share of staff in $100K+ occupations: 11.8%
- Complete staff in $100K+ occupations: 74,860
- Complete staff throughout all occupations: 633,260
- Common wage for workers in $100K+ occupations: $122,832
- Price of residing (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 Worth Parities.
To find out the inexpensive metropolitan areas with essentially the most six-figure jobs, researchers at HowtoHome.com calculated a location’s share of staff in occupations the place the median wage is over $100,000 and the price of residing is under the nationwide common.
Within the occasion of a tie, the placement with the higher whole variety of staff in occupations the place the median wage is over $100,000 was ranked greater. To enhance relevance, solely metropolitan areas with at the least 100,000 residents had been included.