The 10 U.S. metro areas where high-income earners have seen the most wage growth

Worker wages person risen since the onset of the coronavirus pandemic. That's existent for high, median and low-income workers, and for hourly and salaried workers alike. "It's labour shortages," says Sinem Buber, pb economist astatine ZipRecruiter. There aren't capable workers to capable definite roles, driving up the offers employers are consenting to make.

When it comes to high-income earners, for example, those making salaries successful the 95^th percentile ― oregon those making much than 94% of salaried workers ― mean net crossed the U.S. went from $299,301 per twelvemonth successful 2019 to $327,254 per twelvemonth successful 2021, according to caller information tracking 26 cardinal salaried workers crossed the U.S. from HR institution ADP.

And depending connected wherever you are successful the country, you might've seen a greater wage hike than others.

ADP surveyed the 53 biggest metro areas successful the U.S. (those with much than 1 cardinal residents) to spot wherever salaried workers saw the biggest wage gains. Here are the 10 metro areas with the top gains for high-income earners, including their percent summation and mean yearly salaries successful 2019 and 2021.

Percent gain: 15.99%

2019 yearly salary: $525,415

2021 yearly salary: $609,447

Percent gain: 16.42%

2019 yearly salary: $208,149

2021 yearly salary: $242,331

Percent gain: 18.59%

2019 yearly salary: $338,984

2021 yearly salary: $402,000

Percent gain: 18.81%

2019 yearly salary: $225,480

2021 yearly salary: $267,901

Percent gain: 20.15%

2019 yearly salary: $283,209

2021 yearly salary: $340,280

Percent gain: 22.13%

2019 yearly salary: $275,132

2021 yearly salary: $336,020

Percent gain: 22.45%

2019 yearly salary: $274,540

2021 yearly salary: $336,187

Percent gain: 25.44%

2019 yearly salary: $399,066

2021 yearly salary: $500,570

Percent gain: 25.71%

2019 yearly salary: $235,691

2021 yearly salary: $296,287

Percent gain: 27.87%

2019 yearly salary: $541,438

2021 yearly salary: $692,341

A fewer factors whitethorn beryllium contributing to this portion of the workforce's wage gains.

The U.S. brings successful apical endowment from astir the satellite to capable positions successful fields similar tech. But the pandemic halted oregon slowed galore of these activities, "So the endowment shortage we are seeing astatine the precocious extremity of the spectrum is besides due to the fact that of debased planetary immigration," says Buber. There aren't arsenic galore radical astir to capable those coveted positions.

As a result, companies are competing for a smaller basal of section endowment and responding by offering them amended packages. While this tin see a higher salary, says Buber, often this includes hiring bonuses, which tin get reflected successful the ADP data. This could beryllium the lawsuit successful tech hubs similar San Francisco and Seattle.

Many of these positions tin besides beryllium done remotely. As a result, passim the pandemic, radical successful the 95^th percentile whitethorn person moved to cheaper cities, suburbs oregon states to get the astir of their salaries.

"Their departures apt thinned the mediate of the wage distribution," says Issi Romem, a chap astatine the ADP Research Institute and co-author of the report, "shifting immoderate precocious earners down the percentile concatenation and giving the 95^th percentile spot to an adjacent higher earner." This could beryllium the lawsuit successful historically costly cities similar San Francisco.

Conversely, it's imaginable those radical moving retired of costly metros and into little costly ones shifted the wage scales successful the latter. While it seems similar wages person hiked successful the latter, successful fact, determination are simply much radical making higher salaries determination arsenic a effect of migration. This could beryllium the lawsuit successful immoderate of the Californian suburbs highlighted above, says Buber.

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