38 U.S. Cities Where Incomes Climbed the Most Last Year

"Grand Island, Nebraska"

Posted by 24/7 Wall Street • Image by Cheri Alguire

38 U.S. Cities Where Incomes Climbed the Most Last Year

Cathedral of the Nativity of the Blessed Virgin Mary, also known as St. Mary’s Cathedral, located in Grand Island, Nebraska. 

The cost of living in the United States has rapidly outpaced wage growth in recent years, as the Consumer Price Index soared to multi-decade highs in the last five years. According to the Bureau of Labor Statistics, consumer prices surged by nearly 19% between mid-2020 and mid-2023, while wages for full-time workers climbed by less than 10% over roughly the same period. More recently, however, this trend has reversed.

On an annualized basis, the median wage among workers in the United States climbed by 3.0% between 2023 and 2024 — from $48,060 to $49,500 — according to the latest available data from the BLS. Rising wages were led by the community and social services sector, which reported a 10.6% increase in median wages between 2023 and 2024. The transportation sector saw wages rise by 6.7%, while the installation, maintenance, and repair sector saw an 8.0% increase over the same period

Notably, the national wage growth trend does not tell the whole story. Just as wage dynamics vary by industry, they also vary by location. And in some U.S. cities, incomes have climbed more than twice as fast as they have nationwide.

 

Grand Island, NE

  • 1-yr. change in median annual wage: +10.2% (+$4,500)
  • Median annual wage by year: $48,660 in 2024, $44,160 in 2023
  • Sector with the strongest 1-yr. wage growth: Life, Physical, and Social Science Occupations (35.6% wage increase)
  • Sector with the 2nd strongest 1-yr. wage growth: Farming, Fishing, and Forestry Occupations (20.0% wage increase)
  • Sector with the 3rd strongest 1-yr. wage growth: Production Occupations (15.4% wage increase)
  • 1-yr. change in total employment: -6.8% (-2,890 jobs)
  • Total employment by year: 39,520 in 2024, 42,410 in 2023