The Top Market for Wage Growth Is...
San Jose, CA, with wage growth of 6.8% in 2014 and an average annual salary of $104,300, is the No. 1 wage growth market in the country, according to Headlight data, which used BLS stats to examine 53 US metros with populations of one million-plus to determine the cities with the fastest and slowest wage growth. Silicon Valley is home to hundreds of startups and global technology companies and is known for its high cost of living. Seattle, Boston, Houston and New York also saw wage growth of 4% or greater to round out the top 5. At the bottom: Las Vegas finished last, with 1.3% annual wage growth; average annual salaries are about $44k in Sin City. While the cost of living for residents in Las Vegas is reasonable, there's been talk of raising the minimum wage in the area, which should have an impact on wage growth moving forward. Indianapolis, Memphis, Raleigh and Tucson round out the bottom five as all four areas had wage growth below 2%. [FOR]
