METRO AREAS: Average Reported Income Per IRS Tax Return, 2020 (best, better, compare)

[Nemean]

Originally Posted by Bicala

Good thing those at the top have high incomes...among the most expensive places to live. Makes sense. Not all, but numerous.

There's a couple exceptions, like Honolulu. While not low, San Diego and Los Angeles lag slightly compared to CoL.

What's more interesting are the lowest CoL areas. While some, like McAllen and El Paso are at the bottom, most of the lowest CoL areas aren't in bottom 10 lowest average incomes (Though Memphis and Albuquerque are just outside). Cincinnati is slightly above the halfway point despite being one of the ten lowest CoL, and Birmingham is barely below halfway. Knoxville's not too far behind either. Oklahoma City, Tulsa and Buffalo are at about 3/4 down the list, still providing decent bang for the lower buck.

[the resident09]

Originally Posted by btownboss4

Surprised DC isn’t #2 to be honest.

Larger metro. List makes sense and looks about right to me.

If going by metros above 5 million DC appears to be 1st and the only above 100k average. Although I guess Boston's pretty close to that 5mil mark now so soon could claim that.

[Losfrisco]

Originally Posted by Bicala

Good thing those at the top have high incomes...among the most expensive places to live. Makes sense. Not all, but numerous.

One indication from this is that Philly and Chicago should rank near the top for quality of life, if you compare those average incomes with the COL and all the amenities offered.

[Hemlock140]

Within counties it's also variable. Here in King County, WA it shows both Seattle and the county at about $117k. We have cities like Mercer Island at $261,000 and Sammamish at $181,000, but also in the county there is Tukwila at $63,000, and Morton, at $42,000.

[locolife]

Originally Posted by Gaylord_Focker

LOL, look at Austin hanging around where it shouldn't

Why shouldn't it? Have you seen rent costs in that town? LOL

Bloomberg published in July, and which cites data from Rent.com, says a one-bedroom in Austin goes for $3,257 a month.

[Gaylord_Focker]

Originally Posted by locolife

Why shouldn't it? Have you seen rent costs in that town? LOL

Bloomberg published in July, and which cites data from Rent.com, says a one-bedroom in Austin goes for $3,257 a month.

That can't be true and I sure hope not. Oh my lord.

[personone]

Originally Posted by Gaylord_Focker

That can't be true and I sure hope not. Oh my lord.

It’s not true. I just did a quick search on popular apartment websites. Many 1BRs in Austin starting in the $1300 range.

[NOVA_guy]

Originally Posted by personone

It’s not true. I just did a quick search on popular apartment websites. Many 1BRs in Austin starting in the $1300 range.

I’m always confused when people on here talk about how expensive Austin. All it takes is a quick search and you can find nice apartments for $1300 or $1400 a month and these aren’t even studios, this is for a 1BR-1BA. Maybe Austin is expensive when compared to other Texas cities but compared to other US cities it’s super affordable.

[18Montclair]

Here's another stat from this data set.

MSAs by Total IRS Tax Liability-2020
New York-Newark-Jersey City $179.017B
Los Angeles-Long Beach-Anaheim $91.460B
San Francisco-Oakland-Berkeley $74.665B
Chicago-Naperville-Elgin $62.307B
Washington-Arlington-Alexandria $54.260B
Miami-Ft Lauderdale-Pompano Beach $54.076B
Boston-Cambridge-Newton $52.581B
Dallas-Ft Worth-Arlington $46.783B
Seattle-Tacoma-Bellevue $40.730B
Philadelphia-Camden-Wilmington $39.887B
San Jose-Sunnyvale-Santa Clara $39.385B
Houston-The Woodlands-Sugar Land $38.997B
Atlanta-Sandy Springs-Alpharetta $33.124B
Phoenix-Mesa-Chandler $24.862B
Minneapolis-St Paul-Bloomington $23.882B
Detroit-Warren-Dearborn $21.702B
Denver-Aurora-Lakewood $21.408B
Austin-Round Rock-Georgetown $20.367B
Bridgeport-Stamford-Norwalk $18.243B
Baltimore-Columbia-Towson $17.240B
Tampa-St Petersburg-Clearwater $16.509B
Portland-Vancouver-Hillsboro $14.901B
St Louis $14.896B
Charlotte-Concord-Gastonia $14.703B
Riverside-San Bernardino-Ontario $13.630B
Nashville-Murfreesboro-Franklin $12.459B
Sacramento-Roseville-Folsom $12.116B
Pittsburgh $11.930B
Las Vegas-Henderson-Paradise $11.641B
Orlando-Kissimmee-Sanford $11.504B
Cincinnati $11.402B
Kansas City $11.214B
San Antonio-New Braunfels $10.824B
Columbus $10.191B
Indianapolis-Carmel-Anderson $10.051B
Cleveland-Elyria $10.031B
Jacksonville $8.635B
Raleigh-Cary $8.587B
Milwaukee-Waukesha $8.273B
Naples-Marco Island $8.157B
Providence-Warwick $8.029B
Hartford-East Hartford-Middletown $7.274B
North Point-Sarasota-Bradenton $6.991B
Richmond $6.885B
Virginia Beach-Norfolk-Newport News $6.773B
Salt Lake City $6.483B
Albany-Schenectady-Troy $5.756B
Oxnard-Thousand Oaks-Ventura $5.518B
Memphis $5.378B
Louisvlle $5.377B
Oklahoma City $5.354B
Cape Coral-Ft Myers $5.318B
Grand Rapids-Kentwood $5.186B
Birmingham-Hoover $5.041B
Omaha-Council Bluffs $4.991B
Worcester $4.939B
Charleston-North Charleston $4.895B
New Orleans-Metairie $4.730B
Honolulu $4.634B
New Haven-Milford $4.506B
Buffalo-Cheektowaga $4.456B
Rochester(NY) $4.234B
Reno $4.156B
Knoxville $4.128B
Madison $4.112B
Allentown-Bethlehem-Easton $3.975B
Boise $3.891B
Durham-Chapel Hill $3.832B
Des Moines-West Des Moines $3.816B
Tucson $3.746B
Tulsa $3.677B
Poughkeepsie-Newburggh-Middletown $3.645B
Santa Maria-Santa Barbara $3.528B
Boulder $3.496B
Fayetteville-Springdale-Rogers $3.425B
Santa Rosa-Petaluma $3.417B
Greenville-Anderson $3.372B
Portland-South Portland $3.286B
Albuquerque $3.261B
Colorado Springs $3.226B
Port St Lucie $3.176B
Baton-Rouge $3.023B
Trenton-Princeton $2.995B
Akron $2.963B
Dayton-Kettering $2.878B
Columbia(SC) $2.850B
Fresno $2.848B
Provo-Orem $2.813B
Manchester-Nashua $2.801B
Palm Bay-Melbourne-Titusville $2.778B
Little Rock-North Little Rock-Conway $2.705B
Harrisburg-Carlisle $2.693B
Springfield(MA) $2.662B
Greensboro-High Point $2.650B
Wichita $2.630B
Deltona-Daytona Beach-Ormond Beach $2.627B
Ogden-Clearfield $2.617B
Stockton $2.554B
Syracuse $2.531B
Ann Arbor $2.446B
Huntsville(AL) $2.418B
Lancaster $2.348B
Winston-Salem $2.6310B
Spokane-Spokane Valley $2.294B
Chattanooga $2.276B
Bakersfield $2.263B
Toledo $2.247B
Anchorage $2.212B
Santa Cruz-Watsonville $2.163B
Lexington-Fayette $2.160B
Ft Collins $2.085B

[mwj119]

Originally Posted by 18Montclair

This is different from Census Bureau estimates because this is actual reported data to the IRS.

I only counted MSAs with 300,000+ filed returns. Otherwise, Naples FL was notable at $183k but doesnt have 300,000+ returns.

Anyhow,

Average Reported Income Per IRS Tax Return, 2020
San Jose-Sunnyvale-Santa Clara $190,372
Bridgeport-Stamford-Norwalk $167,802
San Francisco-Oakland-Berkeley $154,404
Seattle-Tacoma-Bellevue $117,955
Boston-Cambridge-Newton $115,236
Austin-Round Rock-Georgetown $106,333
Washington-Arlington-Alexandria $102,776
New York-Newark-Jersey City $96,519
North Port-Sarasota-Bradenton $95,466
Denver-Aurora-Lakewood $91,372
Miami-Ft Lauderdale-Pompano Beach $88,798
Minneapolis-St Paul-Bloomington $88,400
Raleigh-Cary $87,448
Philadelphia-Camden-Wilmington $86,830
Oxnard-Thousand Oaks-Ventura $86,180
San Diego-Chula Vista-Carlsbad $85,745
Madison $85,306
Chicago-Naperville-Elgin $85,023
Baltimore-Columbia-Towson $84,748
Cape Coral-Ft Myers $84,714
Albany-Schenectady-Troy $84,455
Portland-Vancouver-Hillsboro $84,241
Los Angeles-Long Beach-Anaheim $83,522
Durham-Chapel Hill $83,399
Dallas-Ft Worth-Arlington $83,163
Hartford-East Hartford-Middletown $81,481
Nashville-Murfreesboro-Frankin $81,270
Charleston-North Charleston $80,932
Salt Lake City $80,850
Omaha-Council Bluffs $80,059
Boise $78,890
Charlotte-Concord-Gastonia $78,300
Anchorage $78,150
Sacramento-Roseville-Folsom $77,520
Houston-The Woodlands-Sugar Land $77,252
Worcester $76,712
Richmond $76,624
Des Moines-West Des Moines $76,436
St Louis $76,364
Kansas City $76,319
Atlanta-Sandy Springs-Alpharetta $76,309
Phoenix-Mesa-Chandler $75,883
Milwaukee-Waukesha $75,856
Cincinnati $75,558
New Haven-Milford $75,260
Jacksonville $74,965
Honolulu $74,187
Grand Rapids-Kentwood $73,882
Pittsburgh $73,585
Birmingham-Hoover $73,274
Colorado Springs $72,398
Columbus $72,351
Indianapolis-Carmel-Anderson $71,720
Detroit-Warren-Dearborn $71,558
Knoxville $71,549
Providence-Warwick $71,196
Tampa-St Petersburg-Clearwater $71,019
Allentown-Bethlehem-Easton $70,563
Wichita $69,833
Harrisburg-Carlisle $69,645
Cleveland-Elyria $69,060
Las Vegas-Henderson-Paradise $68,487
San Antonio-New Braunfels $67,388
Louisville $66,851
Virginia Beach-Norfolk-Newport News $66,308
Syracuse $65,869
Akron $65,677
Oklahoma City $65,859
Springfield(MA) $65,260
Rochester $65,020
Tulsa $64,497
Buffalo-Cheektowaga $64,075
Greenville-Anderson $64,058
Little Rock-North Little Rock-Conway $64,025
Orlando-Kissimmee-Sanford $63,045
Baton Rouge $63,030
Tucson $62,998
Stockton $62,899
Memphis $62,604
Dayton-Kettering $62,155
Albuquerque $61,812
New Orleans $61,755
Winston-Salem $61,016
Columbia(SC) $60,683
Toledo $60,750
Deltona-Daytona Beach-Ormond $60,068
Greensboro-High Point $59,766
Riverside-San Bernardino-Ontario $58,103
Fresno $55,584
Bakersfield $54,285
Lakeland-Winter Haven $51,605
El Paso $45,197
McAllen-Edinburgh-Mission $39,067

Source: https://www.irs.gov/statistics/soi-t...unty-data-2020

“Connecticash” still showing up in a big way.

Crazy to think that, despite the growth, a city like St Louis is still higher than Atlanta or Phoenix.