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Cities with the highest salary gains

  • September 07, 2012

Cities with the highest salary gains

People move for many reasons, but among the most common motives is the desire for a better job. Sometimes this means a more enjoyable field or pleasant working conditions, but just as often it can mean more money. Although the economy appears to be slowly recovering, it is still far from perfect. However, a new report from the University of Toronto's Martin Prosperity Institute (MPI) found that several cities in the country have recently experienced relatively rapid wage growth.

If you are considering moving out of state to a metro area with improving salary rates, consider these options.

Fairbanks, Alaska
If you can brave the cold, you may find a hefty salary waiting for you in Fairbanks. This city saw its 2011 wages improve from $50,350 in 2010 to $53,050 in 2011. With the Fort Wainwright military base and the University of Alaska Fairbanks in town, this city offers a fairly steady supply of jobs and experienced lucrative salary gains over the last few years.

If you think you're ready for frigid temperatures and long winters, and you're in the market for a new job, you might want to call the relocation movers and direct them toward Fairbanks.

Champaign-Urbana, Illinois
Another college town that made the list is Champaign-Urbana. About 150 miles south of Chicago, this small city is known for its world-class universities and diverse community. Recently, it has also gained a reputation for its rising salaries. According to the source, the city's average salary increased $1,930 from 2011 to 2012, bringing it up to $46,940.

Both Fairbanks and Champaign-Urbana are relatively small, university-centered cities, which may lead you to think there's a trend between this trait and salary gains. Other cities on the list such as Bloomington, Indiana; Iowa City, Iowa and Valdosta, Georgia, have similar characteristics.

However, a few bigger cities have experienced similar salary gains since 2010.

San Jose-Sunnyvale-Santa Clara, California
This trio of cities, set deep in California's booming tech sector, also saw significant gains in terms of average salary. In fact, at $2,030, the jump was one of the highest recorded. Perhaps more importantly, the average salary itself is fairly high in this metro, sitting at just under $70,000.

Anyone considering hiring van lines and heading to a new location - especially if he or she has a background in the tech industry - may want to seriously consider the San Jose-Sunnyvale-Santa Clara region.

 

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