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This has to be mean compensation, not median. There is no way that half of all workers in the Seattle MSA are earning $118k or more. Even in Bellevue/Redmond/Kirkland that would surprise me.
Thanks for the mapping for the stats you were looking at. I tend to be a bit visual, so I had been trying to replicate via CAINC30 Economic Profile - Average Earnings per job, and it's way more similar to general COL differences. Though comparing CAINC6N to it, the numbers are disturbingly close for Indianapolis and Tulsa, making me wonder if they're primarily contractor cities. In which case, they're number would need to be mentally adjusted downward (as it'd mean they'd generally pay medical expenses via outside of their employers, technically).
CAINC6N..CAINC30
189,671..164,396..San Jose
146,469..124,167..San Francisco
118,864..103,150..Seattle
113,737...97,533..Boston
114,196...93,485..New York
.97,852...86,617..Denver
.92,781...80,637..Hartford
.82,762...80,172..Nashville
.90,383...78,695..Minneapolis
.90,285...78,550..Houston
.96,187...78,488..San Diego
.94,477...78,066..Chicago
.96,052...78,053..Los Angeles
.79,003...77,975..Indianapolis
.91,040...77,902..Philadelphia
.92,141...77,792..Portland
.92,262...77,513..Sacramento
.92,956...76,896..Baltimore
.96,752...76,283..Austin
.87,467...75,193..Charlotte
.89,300...74,414..Dallas
.83,704...73,402..Salt Lake City
.83,088...73,005..Pittsburgh
.83,902...72,883..Honolulu
.86,234...72,418..Raleigh
.78,940...71,766..Omaha
.85,141...71,701..Detroit
.82,158...71,611..Richmond
.80,192...71,601..Milwaukee
.80,425...71,538..Kansas City
.80,812...70,294..Cincinnati
.70,649...69,975..Tulsa
.80,547...69,854..St. Louis
.82,353...69,773..Phoenix
.89,870...68,987..Atlanta
.77,607...68,964..Buffalo
.81,138...68,576..Columbus
.78,657...68,520..Providence
.77,670...67,411..Birmingham
.80,997...67,333..Cleveland
.80,355...67,010..Jacksonville
.76,444...66,601..Rochester
.71,426...65,944..Oklahoma City
.75,064...65,202..Louisville
.72,007...64,802..Grand Rapids
.70,346...64,007..Fresno
.77,251...63,682..Virginia Beach
.76,256...63,375..New Orleans
.80,142...63,023..Tampa
.75,570...62,031..Memphis
.74,995...61,960..Las Vegas
.71,233...60,461..Tucson
.86,218...60,347..Miami
.72,910...60,136..Riverside
.74,151...59,325..San Antonio
.75,206...58,760..Orlando
This has to be mean compensation, not median. There is no way that half of all workers in the Seattle MSA are earning $118k or more. Even in Bellevue/Redmond/Kirkland that would surprise me.
Subtract let's say $30-40k for healthcare, employer's SS portion, employer's retirement contribution (for any decent office job, union construction workers, etc.....the numbers seem plausible. This isn't about income, but all compensation.
Location: That star on your map in the middle of the East Coast, DMV
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Quote:
Originally Posted by Nemean
Thanks for the mapping for the stats you were looking at. I tend to be a bit visual, so I had been trying to replicate via CAINC30 Economic Profile - Average Earnings per job, and it's way more similar to general COL differences. Though comparing CAINC6N to it, the numbers are disturbingly close for Indianapolis and Tulsa, making me wonder if they're primarily contractor cities. In which case, they're number would need to be mentally adjusted downward (as it'd mean they'd generally pay medical expenses via outside of their employers, technically).
CAINC6N..CAINC30
189,671..164,396..San Jose
146,469..124,167..San Francisco 121,749.. ..Bridgeport
118,864..103,150..Seattle 114,439... ..Washington
113,737...97,533..Boston
114,196...93,485..New York 107,019... ..Trenton
.97,852...86,617..Denver
.92,781...80,637..Hartford
.82,762...80,172..Nashville
.90,383...78,695..Minneapolis
.90,285...78,550..Houston
.96,187...78,488..San Diego
.94,477...78,066..Chicago
.96,052...78,053..Los Angeles
.79,003...77,975..Indianapolis
.91,040...77,902..Philadelphia
.92,141...77,792..Portland
.92,262...77,513..Sacramento
.92,956...76,896..Baltimore
.96,752...76,283..Austin
.87,467...75,193..Charlotte
.89,300...74,414..Dallas
.83,704...73,402..Salt Lake City
.83,088...73,005..Pittsburgh
.83,902...72,883..Honolulu
.86,234...72,418..Raleigh
.78,940...71,766..Omaha
.85,141...71,701..Detroit
.82,158...71,611..Richmond
.80,192...71,601..Milwaukee
.80,425...71,538..Kansas City
.80,812...70,294..Cincinnati
.70,649...69,975..Tulsa
.80,547...69,854..St. Louis
.82,353...69,773..Phoenix
.89,870...68,987..Atlanta
.77,607...68,964..Buffalo
.81,138...68,576..Columbus
.78,657...68,520..Providence
.77,670...67,411..Birmingham
.80,997...67,333..Cleveland
.80,355...67,010..Jacksonville
.76,444...66,601..Rochester
.71,426...65,944..Oklahoma City
.75,064...65,202..Louisville
.72,007...64,802..Grand Rapids
.70,346...64,007..Fresno
.77,251...63,682..Virginia Beach
.76,256...63,375..New Orleans
.80,142...63,023..Tampa
.75,570...62,031..Memphis
.74,995...61,960..Las Vegas
.71,233...60,461..Tucson
.86,218...60,347..Miami
.72,910...60,136..Riverside
.74,151...59,325..San Antonio
.75,206...58,760..Orlando
Ouch, Atlanta
You forgot Washington, Bridgeport, and Trenton...What does the second number represent btw?
You forgot Washington, Bridgeport, and Trenton...What does the second number represent btw?
Odd. I had checked Washington, but I guess I forgot to add the data in the list.
114,439...92,321..Washington
Had done only the million+ or previously million+ metros (Honolulu, New Orleans). Omaha was added since it's the only metro higher than New Orleans that didn't hit that criteria.
The second number is average earnings per job. In the table, its subcategories are salaries and wages; and nonfarm proprietors’ income (AKA business owners. Important for Midland's numbers). So it's essentially the paycheck number before taxes and retirement/healthcare contributions are taken out.
Medians are always more instructive than averages, especially in "knowledge economy"-heavy metro areas where the top earners contribute to the most gaping wealth disparities in the US.
This has to be mean compensation, not median. There is no way that half of all workers in the Seattle MSA are earning $118k or more. Even in Bellevue/Redmond/Kirkland that would surprise me.
I used to live in Indianapolis. It's a good value for the dollar, but yeah, I don't see anywhere near a median $80k individual. There are many poor areas of the city, and those are going to drag things down bigtime.
San Jose has 2X the comp of Sac, but 3 X the cost of housing. San Diego and LA are almost the same as Sac with like 2X the cost of housing.
Sucks how bad the cost of housing is on the coast bs compensation. But so many idle rich flock there that it just puts the cost out of whack.
This is not Palm Springs or The Hamptons--LOL very few rich people here I know are 'idle'--not possible with the cost of living, it's pretty much all hands on deck to make it work.
2-earner families are necessary pretty much everywhere these days...this is by median.
Metro Area(MSA) Median Income, 2-Earner Families, 2022:
$216,688--San Jose
$208,183--San Francisco
$176,332--Washington DC
$169,739--Bridgeport
$165,505--Boston
$160,298--Seattle
$147,080--Denver
$145,937--Baltimore
$145,294--Hartford
$144,593--New York
$141,719--Raleigh
$141,092--Austin
$139,751--San Diego
$138,504--Minneapolis
$138,100--Philadelphia
$135,267--Sacramento
$134,950--Portland
$131,369--Honolulu
$129,459--Chicago
$126,622--Providence
$126,407--Los Angeles
$126,166--Richmond
$124,407--Columbus
$124,212--Atlanta
$124,093--Dallas
$123,226--Milwaukee
$122,992--Detroit
$122,588--St Louis
$122,412--Cincinnati
$122,146--Kansas City
$121,892--Pittsburgh
$120,982--Cleveland
$120,102--Charlotte
$119,386--Houston
$119,352--Salt Lake City
$118,817--Nashville
$118,348--Virginia Beach
$116,584--Buffalo
$116,301--Baltimore
$116,203--Phoenix
$115,880--Indianapolis
$115,242--Jacksonville
$114,196--Rochester
$113,653--Tampa
$112,945--Louisville
$111,779--Memphis
$111,080--Grand Rapids
$108,389--Riverside
$106,404--Oklahoma City
$105,641--Tulsa
$105,354--San Antonio
$104,979--Tucson
$104,823--Fresno
$103,102--Las Vegas
$102,708--Miami
$102,674--Orlando
This is not Palm Springs or The Hamptons--LOL very few rich people here I know are 'idle'--not possible with the cost of living, it's pretty much all hands on deck to make it work.
2-earner families are necessary pretty much everywhere these days...this is by median.
Metro Area(MSA) Median Income, 2-Earner Families, 2022:
$216,688--San Jose
$208,183--San Francisco
$176,332--Washington DC
$169,739--Bridgeport
$165,505--Boston
$160,298--Seattle
$147,080--Denver
$145,937--Baltimore
$145,294--Hartford
$144,593--New York
$141,719--Raleigh
$141,092--Austin
$139,751--San Diego
$138,504--Minneapolis
$138,100--Philadelphia
$135,267--Sacramento
$134,950--Portland
$131,369--Honolulu
$129,459--Chicago
$126,622--Providence
$126,407--Los Angeles
$126,166--Richmond
$124,407--Columbus
$124,212--Atlanta
$124,093--Dallas
$123,226--Milwaukee
$122,992--Detroit
$122,588--St Louis
$122,412--Cincinnati
$122,146--Kansas City
$121,892--Pittsburgh
$120,982--Cleveland
$120,102--Charlotte
$119,386--Houston
$119,352--Salt Lake City
$118,817--Nashville
$118,348--Virginia Beach
$116,584--Buffalo
$116,301--Baltimore
$116,203--Phoenix
$115,880--Indianapolis
$115,242--Jacksonville
$114,196--Rochester
$113,653--Tampa
$112,945--Louisville
$111,779--Memphis
$111,080--Grand Rapids
$108,389--Riverside
$106,404--Oklahoma City
$105,641--Tulsa
$105,354--San Antonio
$104,979--Tucson
$104,823--Fresno
$103,102--Las Vegas
$102,708--Miami
$102,674--Orlando
Not true, tons of idle rich. Many who own multiple homes all over the globe. In the case of SF city limits, they found 61,000 homes in SF are vacant. That's 15% of the city housing stock, most of which are just part of real estate portfolios. It was at 40,000 in 2019.
This is part of the reason it is so expensive. Removing 15% housing stock totally warps the supply side economics of housing costs.
Plenty of burglary calls from alarm companies to homes that were totally empty. Owner out of state or country.Keep in mind my first job in my career was out there. LOL
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