The 10 highest-earning cities in the US
However, certain areas are faring much better than the typical US city. Take Washington, DC, where the median household income is 40% above the national average, at $87,611.
Or Midland, Texas, which benefited from a boom in oil prices and led the pack with a median household income of $90,000.
Below, we've highlighted the 10 metro areas with the highest median household incomes, according to Pew's recent analysis of 229 US metros.
Incomes are adjusted for household size (to reflect a house of three) and for the cost of living in the area relative to the national average cost of living. "That means the incomes of households in relatively expensive areas, such as New York-Newark-Jersey City, NY-NJ-PA, are adjusted downward," Pew explained in its methodology.
Note that New York City didn't crack the top 10. In addition to Pew adjusting incomes for the cost of living, it's important to recognize that New York City, with a population of about 8.5 million, makes up less than half of the New York-Newark-Jersey City metro area, which has a population of about 19.8 million.
Read on to see which other areas are earning significantly more than the average US city.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’