New York’s Staten Island — The Bureau of Labor Statistics reports that the price of goods and services increased by 3.35% in 2023 due to the 12-month inflation rate. Although the national household income increased by 4.22% as well, the agency pointed out that depending on the locality, there were some substantial fluctuations above or below that median, which lessened or intensified the effects of price changes.
To find out where Americans saw the largest pay increases, SmartAsset, a financial technology company that offers tools and guidance to help people make financial decisions, ranked 636 cities using Census Bureau data based on the percentage change in median household income.
According to the study, the largest increase in median income was observed in Pine Hills, Florida, where it increased by an estimated 65%, from $43,452 in 2022 to $71,735 in 2023.
According to the study, Pine Hills was not the only lucky American city: income increased by more than 30% in four other places: Apple Valley, California, where it increased by 37.3%; Kissimmee, Florida, by 33.1%; Davis, Florida, by 32.7%; and Tulare, California, where households earned a median of $77,286 following a 31.9% annual increase.
According to data, Sammamish, Washington, had the highest median income in 2023 at $238,750, up 6.7% from $223,849.
According to SmartAsset’s statistics, here are the top ten cities with the biggest income growth, along with a look at the median pay in each:
Florida’s Pine Hills
Change in median income over a one-year period: 65.09%
2023 median income: $71,735
2022 median income: $43,452
In 2023, 27.4% of households made $100K or more.
15.2% of households in 2022 made $100,000 or more.
California’s Apple Valley
Change in median income over a one-year period: 37.33%
2023 median income: $77,159
2022 median income: $56,187
38.4% of households made $100K or more in 2023.
In 2022, 24.5% of households made $100K or more.
Florida’s Kissimmee
Change in median income over one year: 33.07%
2023 median income: $59,142
2022 median income: $44,445
25.7% of households made $100K or more in 2023.
17.5% of households in 2022 made $100,000 or more.
California’s Davis
Change in median income during a one-year period: 32.67%
2023 median income: $89,386
2022 median income: $67,373
In 2023, 44% of households made $100K or more.
In 2022, 39.9% of households made $100K or more.
California’s Tulare
Change in median income over a one-year period: 31.92%
2023 median income: $77,286
2022 median income: $58,586
In 2023, 41.2% of households made $100K or more.
In 2022, 26.4% of households made $100K or more.
Florida’s Clearwater
Change in median income over a year: 29.58%
2023 median income: $73,178
2022 median income: $56,474
38.4% of households made $100K or more in 2023.
In 2022, 27.6% of households made $100K or more.
Arizona’s Avondale
Change in median income over a year: 29.38%
2023 median income: $86,428
2022 median income: $66,801
42.5% of households made $100K or more in 2023.
34.4% of households made $100K or more in 2022.
New Jersey’s East Orange
Change in median income over a one-year period: 29.33%
2023 median income: $56,293
2022 median income: $43,527
In 2023, 24.8% of households made $100K or more.
In 2022, 22.4% of households made $100K or more.
Iowa’s Davenport
Change in median income over a one-year period: 27.39%
2023 median income: $69,595
2022 median income: $54,630
In 2023, 29.8% of households made $100K or more.
In 2022, 22.4% of households made $100K or more.
California’s Walnut Creek
Change in median income over a year: 26.97%
Median income, 2023: $134,770
2022 median income: $106,141
In 2023, 62.4% of households made $100K or more.
51.8% of households made $100K or more in 2022.
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