2018 Change in $100K+ and $200K+ Households By City (cost, compared, highest)

[Vlajos]

^ Interesting, but not surprised by Indianapolis. The city itself is extremely suburban so why bother living in the city in the first place.

[Chicago60614]

Originally Posted by Vlajos

Great information. I wonder how much poverty is shrinking in the top 50 at the same time?

I would think they would have had to?

Looking at Chicago it's gone from 23.0% poverty to 17.4% over the past few years.

This would make sense given the large gains in household income, etc.

Five year percent change of all households making:

<$25,000: -4.7%
$25K-$50K: -2.4%
$50K-100K: -.8%
> $100,000: +7.7%

Median household income:
2013: $47,099
2018: $57,238 +22%

Average household income:
2013: $72,122
2018: $89,813 +25%

Even with the number of people in the city down, the number of people in the labor force is up by 45,252 people. The number of people with a job is up 88,748. Unemployment rate down 2.0% since the population started dropping.

Educational attainment 2014-2018:

Less than high school: -58,017
High school/some college: +16,476
Bachelor Degree or higher: +102,042

[Vlajos]

^Thanks, I figured the poverty rate was declining. I couldn't find the numbers though.

[cpomp]

Originally Posted by marothisu

The 2018 ACS (1 year) is out now (go to data.census.gov now for it). The following is a look at $100K+ and $200K+ earning households and the highest increases in terms of number of households from 2017 to 2017. The table ID for this is B19001. Please remember that this is city proper, not MSA (which I will do later).


Change in $100K+ Households 2017 to 2018. City Proper
1. NYC: +60,844 households
2. Chicago: +28,073 households
3. Los Angeles: +23,310 households
4. Austin: +17,680 households
5. Seattle: +16,861 households
6. Portland: +16,011 households
7. Philadelphia: 14,498 households
8. San Diego: +12,401 households
9. Houston: +11,869 households
10. Phoenix: +11,492 households
11. Denver: +10,074 households
12. San Jose: +10,027 households
13. Dallas: +9702 households
14. Boston: +9244 households
15. Atlanta: +9105 households

Change in $200K+ Households 2017 to 2018. City proper
1. NYC: +35,376 households
2. Chicago: +17,542 households
3. Los Angeles: +11,540 households
4. San Jose: +11,239 households
5. San Francisco: +11,210 households
6. Seattle; +10,891 households
7. Austin: +10,375 households
8. Portland: +5920 households
9. DC: +5915 households
10. Dallas: +5869 households
11. Boston: +5819 households
12. Raleigh: +5426 households
13. Jacksonville: +4705 households
14. Tampa: +3481 households
15. Philadelphia: +3400 households

Philadelphia (city proper) is usually slow catching on to trends, but its great to see the city in the top 10 and top 15 for income growth of this caliber. The city finally posted a decline in poverty and an increase in median income levels too.

The metro region fares much better, which I suppose is the case for many large cities.

[Vlajos]

Originally Posted by cpomp

Philadelphia (city proper) is usually slow catching on to trends, but its great to see the city in the top 10 and top 15 for income growth of this caliber. The city finally posted a decline in poverty and an increase in median income levels too.

The metro region fares much better, which I suppose is the case for many large cities.

Yeah, it's great! For a long time cities like Chicago and Philadelphia were the warehouses for the regional poor. Now the poor are spreading out a bit, which is best for everyone.

[Duderino]

Originally Posted by cpomp

Philadelphia (city proper) is usually slow catching on to trends, but its great to see the city in the top 10 and top 15 for income growth of this caliber. The city finally posted a decline in poverty and an increase in median income levels too.

The metro region fares much better, which I suppose is the case for many large cities.

Yes, very positive trend for Philly as it recaptures the wealth that it deserves.

What's more fascinating about this trend is that Philly is slower growing than most of these cities (I mean, the city certainly didn't gain 14,000 total households in one year), which means that all of the city's household growth has actually been at the upper-end of the income scale and 100K+ income households are now replacing formerly lower-income households at a relatively significant pace.

[Vlajos]

Marothisu, are you going to get us the MSA numbers?

[isawooty]

Originally Posted by Ebck120

Austin & Portland are really impressive.

Originally Posted by Gaylord_Focker

Yep. Austin is hanging with metro areas that are substantially larger.

Sure is. Austin is really churning out those generous salaries in IT and tech in general. These two really are a thorn in many other cities side. You know, every trouble maker needs a partner in crime.

[NOVA_guy]

Originally Posted by Vlajos

Wow, that's terrible considering it's size.

True but Houston is pretty cheap, you don’t need to make a massive amount to live there so from that perspective the numbers make sense.

[Vlajos]

Originally Posted by NOVA_guy

True but Houston is pretty cheap, you don’t need to make a massive amount to live there so from that perspective the numbers make sense.

But is it? It's obviously not on the high end, but it's not particularly cheap.