In its most recent Local Pay Report, Glassdoor found the U.S. cities where reported wages are growing the fastest.
According to CNBC, recent data from the Bureau of Labor Statistics shows that U.S. wages are currently growing by 3.1 percent, but when adjusted for inflation, workers are seeing less than 1 percent increase. Over the last year, Glassdoor found that the median base pay for workers increased 2.6 percent in November to $52,943.
The five cities seeing the fastest wage growth were Seattle, Boston, Washington, D.C., New York, and San Francisco. Each city saw wage growth over 2.8 percent, with median incomes starting at $60,783.
Advertisement
Related Stories
Townhomes
Townhome Construction Gains in Popularity as Buyers Seek Medium-Density Housing
Townhouses made up 18% of single-family housing starts during Q1 2024
Housing Markets
5 Housing Markets That Would See a Huge Increase in Homeownership if Mortgage Rates Dropped
Spokane, Wash., would experience an 11.4% increase in affordability if rates dropped to 6%
Housing Markets
Spring Housing Markets: Which Markets Saw the Most Appreciation, and Which Saw the Least?
Florida metros saw the weakest appreciation of all housing markets in the US