15 U.S. Cities With the Most Growth in High-Paying Jobs
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Editor’s Note: This tale at the beginning seemed on Stessa.
One of the COVID-19 pandemic’s most vital long-term results at the financial system might be emerging wages. With standard shortages within the hard work marketplace reported this summer time, many employers — specifically the ones with lower-wage workers — have attempted to trap staff with progressed reimbursement and advantages. These developments have resulted in the quickest charges of salary enlargement because the Great Recession, particularly a number of the lowest earners.
Twenty years in the past, simplest 0.7% of American staff had been in jobs that normally paid greater than $100,000 in line with yr. By 2015, that proportion used to be 3.8%. And within the ultimate 5 years on my own, the proportion of American staff in six-figure jobs greater than doubled to 7.9% in 2020.
One box that can be contributing to the expansion price of high-paying jobs national is tech: Software builders and pc and data methods managers — either one of that have quicker enlargement charges than maximum different professions — these days mix for greater than 1.9 million high-paying jobs. But whilst fast-growing tech jobs and extra specialised fields like regulation, well being, or finance ceaselessly get the eye, the most typical six-figure career is basic and operations managers. More than 2.3 million U.S. staff fill this position, which is not unusual in organizations of all kinds throughout the private and non-private sector, and it has a mean annual source of revenue of $103,650.
Large Metros With the Most Growth in High-Paying Jobs
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In addition to being concentrated in sure fields, high-paying jobs also are geographically concentrated. Six-figure salaries are maximum not unusual in coastal states together with California, Massachusetts, Maryland, and New York, the place the inhabitants has a tendency to have larger instructional attainment, charge of residing is upper, and high-paying industries like tech, trade, regulation, and well being and existence sciences are extra prevalent. But even many portions of the rustic the place those jobs are much less not unusual are seeing enlargement. Six-figure jobs greater than tripled in Hawaii from 2015 to 2020, and 10 different states — most commonly within the Mountain West and higher Midwest — had a enlargement price for six-figure jobs of greater than 100% over the similar span. Many of those states are proving extra horny to employers and pros in quest of lower-cost locales.
To decide the places with the most important enlargement in high-paying jobs, our researchers calculated the proportion trade in employment in six-figure jobs from 2015 to 2020 the use of knowledge from the U.S. Bureau of Labor Statistics. In the development of a tie, the positioning with the larger proportion of overall employment in six-figure jobs for 2020 used to be ranked upper. For the aim of this research, employment in six-figure jobs used to be outlined as overall employment in occupations with a mean annual salary of $100,000 or extra.
The following are the massive metros (inhabitants 1 million or extra) with the most important enlargement in high-paying jobs.
15. Austin-Round Rock, TX
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- Percentage trade in six-figure jobs (2015-2020): +101.1%
- Percentage of overall employment in six-figure jobs (2020): 7.6%
- Total employment in six-figure jobs (2020): 80,560
- Total employment in six-figure jobs (2015): 40,060
- Median annual salary throughout all occupations (2020): $44,020
14. Louisville/Jefferson County, KY-IN
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- Percentage trade in six-figure jobs (2015-2020): +105.0%
- Percentage of overall employment in six-figure jobs (2020): 2.9%
- Total employment in six-figure jobs (2020): 17,590
- Total employment in six-figure jobs (2015): 8,580
- Median annual salary throughout all occupations (2020): $39,330
13. Sacramento–Roseville–Arden-Arcade, CA
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- Percentage trade in six-figure jobs (2015-2020): +107.7%
- Percentage of overall employment in six-figure jobs (2020): 12.9%
- Total employment in six-figure jobs (2020): 124,480
- Total employment in six-figure jobs (2015): 59,930
- Median annual salary throughout all occupations (2020): $48,070
12. Raleigh, NC
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- Percentage trade in six-figure jobs (2015-2020): +109.2%
- Percentage of overall employment in six-figure jobs (2020): 9.9%
- Total employment in six-figure jobs (2020): 61,470
- Total employment in six-figure jobs (2015): 29,380
- Median annual salary throughout all occupations (2020): $43,500
11. Salt Lake City, UT
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- Percentage trade in six-figure jobs (2015-2020): +122.3%
- Percentage of overall employment in six-figure jobs (2020): 6.2%
- Total employment in six-figure jobs (2020): 45,090
- Total employment in six-figure jobs (2015): 20,280
- Median annual salary throughout all occupations (2020): $42,280
10. Portland-Vancouver-Hillsboro, OR-WA
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- Percentage trade in six-figure jobs (2015-2020): +124.7%
- Percentage of overall employment in six-figure jobs (2020): 10.1%
- Total employment in six-figure jobs (2020): 115,080
- Total employment in six-figure jobs (2015): 51,220
- Median annual salary throughout all occupations (2020): $48,050
9. Buffalo-Cheektowaga-Niagara Falls, NY
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- Percentage trade in six-figure jobs (2015-2020): +143.0%
- Percentage of overall employment in six-figure jobs (2020): 5.0%
- Total employment in six-figure jobs (2020): 24,590
- Total employment in six-figure jobs (2015): 10,120
- Median annual salary throughout all occupations (2020): $42,040
8. Tucson, AZ
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- Percentage trade in six-figure jobs (2015-2020): +156.2%
- Percentage of overall employment in six-figure jobs (2020): 3.7%
- Total employment in six-figure jobs (2020): 13,730
- Total employment in six-figure jobs (2015): 5,360
- Median annual salary throughout all occupations (2020): $38,900
7. San Antonio-New Braunfels, TX
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- Percentage trade in six-figure jobs (2015-2020): +163.0%
- Percentage of overall employment in six-figure jobs (2020): 5.7%
- Total employment in six-figure jobs (2020): 56,780
- Total employment in six-figure jobs (2015): 21,590
- Median annual salary throughout all occupations (2020): $37,920
6. Grand Rapids-Wyoming, MI
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- Percentage trade in six-figure jobs (2015-2020): +175.2%
- Percentage of overall employment in six-figure jobs (2020): 4.2%
- Total employment in six-figure jobs (2020): 21,630
- Total employment in six-figure jobs (2015): 7,860
- Median annual salary throughout all occupations (2020): $39,430
5. Riverside-San Bernardino-Ontario, CA
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- Percentage trade in six-figure jobs (2015-2020): +181.3%
- Percentage of overall employment in six-figure jobs (2020): 6.3%
- Total employment in six-figure jobs (2020): 93,620
- Total employment in six-figure jobs (2015): 33,280
- Median annual salary throughout all occupations (2020): $39,630
4. New Orleans-Metairie, LA
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- Percentage trade in six-figure jobs (2015-2020): +204.8%
- Percentage of overall employment in six-figure jobs (2020): 6.5%
- Total employment in six-figure jobs (2020): 33,310
- Total employment in six-figure jobs (2015): 10,930
- Median annual salary throughout all occupations (2020): $38,280
3. Las Vegas-Henderson-Paradise, NV
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- Percentage trade in six-figure jobs (2015-2020): +216.1%
- Percentage of overall employment in six-figure jobs (2020): 4.8%
- Total employment in six-figure jobs (2020): 43,690
- Total employment in six-figure jobs (2015): 13,820
- Median annual salary throughout all occupations (2020): $37,690
2. Phoenix-Mesa-Scottsdale, AZ
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- Percentage trade in six-figure jobs (2015-2020): +217.1%
- Percentage of overall employment in six-figure jobs (2020): 8.6%
- Total employment in six-figure jobs (2020): 180,740
- Total employment in six-figure jobs (2015): 57,000
- Median annual salary throughout all occupations (2020): $41,300
1. Nashville-Davidson–Murfreesboro–Franklin, TN
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- Percentage trade in six-figure jobs (2015-2020): +270.9%
- Percentage of overall employment in six-figure jobs (2020): 5.6%
- Total employment in six-figure jobs (2020): 53,820
- Total employment in six-figure jobs (2015): 14,510
- Median annual salary throughout all occupations (2020): $40,650
Detailed Findings & Methodology
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The knowledge used on this research is from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics tables. To decide the places with the most important enlargement in high-paying jobs, researchers calculated the proportion trade in employment in six-figure jobs from 2015 to 2020, and checked for statistical importance. In the development of a tie, the positioning with the larger proportion of overall employment in six-figure jobs for 2020 used to be ranked upper. For the aim of this research, employment in six-figure jobs used to be outlined as overall employment in occupations with a mean annual salary of $100,000 or extra. To toughen relevance, simplest metropolitan spaces with a minimum of 100,000 citizens had been incorporated. Additionally, metros had been grouped into cohorts in response to inhabitants dimension: small (100,000–349,999), midsize (350,000–999,999), and big (a million or extra).
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