US EditionUS cities with the highest income growth
Tampa leads with a 15.46% increase in median household income, while seniors saw a 17.4% income rise nationwide, according to SmartAsset and Census data.
- Using 1-Year ACS figures, SmartAsset ranked 50 of the largest U.S. cities by income change from 2023 to 2024, with the median household income in Long Beach jumping 11.9% to $91,318.
- SmartAsset separated results by demographic groupings, examining median household changes for seniors and families with children to reveal income trends affecting local businesses, job markets and tax legislation across 50 large cities.
- Tampa posted the biggest one-year gain among cities, rising 15.46% from $72,851 to $84,114, while San Jose remained the highest-paid large city with income growing 8.81% to $148,226.
- Many households face strained purchasing power after inflation outpaced income gains, as many did not keep pace with roughly 3% inflation, reshaping local businesses, labour markets, and tax legislation.
- Demographic splits leave seniors better off in some cities even amid overall declines, as seniors in Seattle, Washington gained 24.13% to $80,550 while family income fell, and families with children in San Francisco, California and San Jose, California earn far more than peers.
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35 Articles
US cities with the highest income growth | News Channel 3-12
Mihai_Andritoiu // Shutterstock Nationwide, the median household income reached $83,730 in 2024, growing just 1.3% year over year. This means many households did not keep pace with the roughly 3% inflation rate during the same time period, but that was not true everywhere. Especially in large cities where residents often pay a premium for convenience, infrastructure and amenities, the change in household income swung vastly, in some cases reac…
US cities with the highest income growth Jaclyn DeJohn, CFP for SmartAsset Anonymous (not verified) Fri, 10/31/2025 - 12:00 Mihai_Andritoiu // ShutterstockUS cities with the highest income growthNationwide, the median household income reached $83,730 in 2024, growing just 1.3% year over year. This means many households did not keep pace with the roughly 3% inflation rate during the same time period, but that was not true everywhere. Especially i…
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