Have you been contemplating a move? Perhaps you may want to incorporate this data into your equation. These cities all show potential for salary growth. Get the list here!
Payscale enlightens us with…
Where are we now and why might it be safe to smile again? Rather than the across-the-board wage losses seen in Q3 2009, Q3 2010 found many of the 20 metro areas PayScale studied, enjoying wage growth or at least no losses.
In some cases, this upward shift has been dramatic. Baltimore, for example, gets the wonderful distinction of having the highest wage growth of any of the metro areas in The PayScale Index. Since Q3 of 2009, wages in Baltimore have grown 1.6 percent.
Metro areas with the fastest-growing wages:
| Rank | Metro Area | Wage Increase |
| 1 | Baltimore Metro Area | 1.6% |
| 2 | St. Louis Metro Area | 0.6% |
| 3 | Washington, DC Metro Area | 0.5% |
| 4 | Phoenix Metro Area | 0.4% |
| 5 | New York Metro Area | 0.4% |
Al Lee, director of quantitative analysis at PayScale, notes that many of the cities doing well right now are ones that were less successful before the recession so their wages had less far to drop. No matter what, though, wage growth of any kind is a good sign for the entire economy.
And, if you are in one of the cities where wages are not increasing, fear not. At the very least, wages in each of the 20 metro areas have stopped tumbling. Most drops are less than half of a percent. This change is more heartening than the two percent drops we saw in 2009. Time will tell if these positive trends are here to stay.
Get the entire story at Payscale!
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