This article provides information on the top ten cities in the United Stated with the best salaries.
Have you ever wondered whether someone in another other part of the country with the same job might be earning more than you? In the US urban areas typically pay more than rural areas (to account for the cost of living), hence why many people move from small towns to big cities.
One thing to bear in mind though is that most of these cities/areas are also the most expensive areas in the country. Therefore, while salaries are indeed high in places like San Fracnsico area so is the cost of living.
This Market Business News information article reveals which U.S cities pay the best salaries, using data gathered by Forbes.
The US cities with the best salaries are:
1. San Jose-Sunnyvale-Santa Clara, California
The city with the best salary in the US is San Jose-Sunnyvale-Santa Clara.
It may not come as a surprise that this is the best paying city in the country considering that the area has been dubbed the “Capital of Silicon Valley” – because of its booming technology industry.
The total median salary in the city is 93,100 USD per annum.
2. San Francisco-Oakland-Fremont, California
There’s a reason why Forbes listed San Francisco as one of the “Best Places for Business and Careers”; the city has become well known for entrepreneurs establishing “start-up” companies, with various big Internet firms setting up in the city (such as Twitter and Zynga).
The total median salary in the city is $73,500 USD per annum.
3. Bridgeport-Stamford-Norwalk, Connecticut
Bridgeport-Stamford-Norwalk is part of the New York metropolitan area. Some of the biggest companies in the US have their headquarters located in the area, such as Xerox, Virgin Atlantic, and GE Capital.
The city of Stamford is home to nine Fortune 1000 Companies and four Fortune 500 Companies.
The total median salary in the city is $68,700 USD per annum.
4. Washington-Arlington-Alexandria, D.C., Virginia
Washington D.C. and its surrounding areas have a growing economy with an increasing number of professional and business service jobs.
The area is also home to hundreds of foreign embassies and organizations such as the World Bank and the International Monetary Fund (IMF).
The total median salary in the city is $67,300 USD per annum.
5. Houston-Sugar Land-Baytown, Texas
Houston is the fourth-largest city in the US, with a metropolitan population of 6,177,035.
The city is well known for its for its booming energy industry (especially oil and natural gas), as well as an emerging renewable energy industry.
In fact, the GDP of Houston–The Woodlands–Sugar Land MSA was $449 billion in 2012 – larger than the GDP of Austria.
The total median salary in the city is $66,700 USD per annum.
6. Hartford-West Hartford-East Hartford, Connecticut
Hartford is called the “Insurance Capital of the World” as it is home to a number of insurance company headquarters, such as Aetna, Travelers, The Hartford, and The Phoenix Companies.
The total median salary in the city is $66,300 USD per annum.
7. Seattle-Tacoma-Bellevue, Washington
Four companies on the 2013 Fortune 500 list are based in Seattle. The city has established industrial companies as well as new Internet and technology companies.
The total median salary in the city is $65,800 USD per annum.
8. New York-Northern New Jersey-Long Island, NY, PA, NJ
New York is the largest city in the United States and the eighth largest city in the world. The city is the banking and financial hub of the US, with the largest stock exchange in the world in terms of total market capitalization.
The total median salary in the city is $64,900 USD per annum.
9. Oxnard-Thousand Oaks-Ventura, California
A major trading area, Oxnard is one of the most important manufacturing centers in the Greater Los Angeles Area.
The total median salary in the city is $64,900 USD per annum.
10. Boston-Cambridge-Quincy, Mass.-N.H.
Boston has a growing high-tech industry and an established financial services sector. Boston is the sixth-largest economy in the country.
The total median salary in the city is $64,700 USD per annum.