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Median Salary in America's 25 Largest Cities: See How You Compare

Median Salary in America's 25 Largest Cities: See How You Compare
Median Salary in America's 25 Largest Cities: See How You Compare

 


In some of America's largest cities, earning six figures is not a benchmark; it has become the norm.

According to a new analysis from GoBankingRates, median household income is over $100,000 in six cities, including four in California. In San Francisco, at least half of households earn $146,872, the highest of any city.

Here's a look at the 10 wealthiest U.S. cities, based on household income data from the 2022 U.S. Census, adjusted to 2024 dollars:

San Francisco: $146,872San Jose, California: $146,143Seattle: $124,715Washington, DC: $109,300San Diego: $106,007Oakland, California: $101,421Boston: $95,858Virginia Beach, Virginia: $94,066Austin, Texas: $93,004Portland, Oregon: $92,274

The median income for the 50 largest U.S. cities as a whole is $77,046, which is more in line with the average income for most Americans. By 2024, the median annual household income is estimated to be $78,171, according to data consultancy Motio Research.

But income levels can vary widely from city to city. In Detroit, which ranks 30th in population, the median income is $40,574. That's the lowest of any city and more than $100,000 less than the median income in San Francisco.

This disparity largely reflects the concentration of the wealthiest Americans in a few of the country's largest cities. According to market research firm New World Wealth, San Francisco has 305,700 millionaires, second only to New York City, which has 349,500.

Wealthier cities also tend to have a large number of high-paying jobs in technology, finance, entertainment, and health care. Land shortages are also a factor, limiting new housing construction and driving up real estate prices, which can price low-income buyers out of the market.

Below are the median household incomes for the 25 most populous cities in the United States, ranked from highest to lowest. The average household income for the top 5% of people in each city is also included.

1. San FranciscoMedian household income: $146,872Average household income for the top 5%: $1,007,3632. San Jose, CaliforniaMedian household income: $146,143Average household income for the top 5%: $775,8033. SeattleMedian household income: $124,715Average household income for the top 5%: $773,324. Washington, DCMedian household income: $109,300Average household income for the top 5%: $772,8375. San DiegoMedian household income: $106,007Average household income for the top 5%: $614,7556. Oakland, CaliforniaMedian household income: $101,421Average household income for the top 5%: $691,5947. BostonMedian household income: $95,858Average household income for the top 5%: $727,7468. Virginia Beach, VirginiaMedian household income: $94,066Average household income for the top 5%: $502,3959. Austin, TexasMedian household income: $93,004Average household income for the top 5%: $607,97610. Portland, OregonMedian household income: $92,274Average household income for the top 5%: $550,48711. DenverMedian household income: $92,249Average household income for the top 5%: $625,09712. Colorado Springs, ColoradoMedian household income: $84,913Average household income for the top 5%: $442,13313. Long Beach, CaliforniaMedian household income: $84,880Average household income for the top 5%: $457,72914. Sacramento, CaliforniaMedian household income: $84,836Average household income for the top 5%: $439,50515. Raleigh, North CarolinaMedian household income: $84,489Average household income for the top 5%: $565,65816. AtlantaMedian household income: $83,440Average household income for the top 5%: $820,75817. New York CityMedian household income: $82,314Average household income for the top 5%: $746,35318. MinneapolisMedian household income: $82,019Average household income for the top 5%: $552,37719. Los AngelesMedian household income: $81,924Average household income for the top 5%: $667,86120. Charlotte, North CarolinaMedian household income: $79,588Average household income for the top 5%: $644,06321. Bakersfield, CaliforniaMedian household income: $79,327Average household income for top 5%: $453,4122. Mesa, ArizonaMedian household income: $79,262Average household income for top 5%: $408,06823. Fort Worth, TexasMedian household income: $78,144Average household income for top 5%: $436,90624. PhoenixMedian household income: $77,463Average household income for top 5%: $486,33525. Arlington, TexasMedian household income: $77,080Average household income for top 5%: $385,600

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