New York City does not even make the Top 10.
A couple of weeks ago in light of Labor Day, I wrote about the metros with the highest raises over a one-year period using the most current available data. A number of readers commented that it would be even more interesting to see which metros have done the best over a longer period of time.
With the help of Charlotta Mellander, my colleague at the Martin Prosperity Institute (MPI), I went back and looked at U.S. Bureau of Labor Statistics data on wages from 2006 (before the housing and financial crisis) through 2011 (the most current data available) to provide a reasonable picture of the metros that have done the best since the onset of the crisis. The data cover 368 metros. MPI’s Zara Matheson mapped the data (below).
The table below lists the top 20 large metros (those with more than one million people) that saw the largest “raises” — the biggest absolute change in wages and salaries — between 2006 and 2011.
Top 20 Large Metros with the Biggest Raises, 2006-2011:
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- San Jose-Sunnyvale-Santa Clara, CA
- San Francisco-Oakland-Fremont, CA
- Seattle-Tacoma-Bellevue, WA
- Los Angeles-Long Beach-Santa Ana, CA
- Sacramento-Arden-Arcade-Roseville, CA
- Phoenix-Mesa-Scottsdale, AZ
- Houston-Sugar Land-Baytown, TX
- Baltimore-Towson, MD
- Austin-Round Rock, TX
- New York-Northern New Jersey-Long Island, NY-NJ-PA
- San Antonio, TX
- Pittsburgh, PA
- San Diego-Carlsbad-San Marcos, CA
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- New Orleans-Metairie-Kenner, LA
- Denver-Aurora, CO
- Dallas-Fort Worth-Arlington, TX
- Tampa-St. Petersburg-Clearwater, FL
- Riverside-San Bernardino-Ontario, CA
Click here to read the complete article.
Source: Richard Florida | The Atlantic
Image: Zara Matheson, MPI | Data Courtesy of the U.S. Bureau of Labor Statistics
Table: Data Courtesy of the U.S. Bureau of Labor Statistics
