Here's the median salary in the 25 biggest U.S. cities—see how you compare (2024)

In some of the largest U.S. cities, earning six figures isn't a benchmark — it's become the norm.

The median household income is over $100,000 in six cities, four of which are in California, according to a new analysis by GoBankingRates. In San Francisco, at least half of households make $146,872 — the highest of all cities.

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

  1. San Francisco: $146,872
  2. San Jose, California: $146,143
  3. Seattle: $124,715
  4. Washington, D.C.: $109,300
  5. San Diego: $106,007
  6. Oakland, California: $101,421
  7. Boston: $95,858
  8. Virginia Beach, Virginia: $94,066
  9. Austin, Texas: $93,004
  10. Portland, Oregon: $92,274

The median income among the largest 50 U.S. cities as a whole is $77,046, which is more in line with what most Americans typically earn. In 2024, the median annual household income is estimated to be $78,171, according to data consulting firm Motio Research.

But the amount that people earn can vary widely between cities. In Detroit — which is ranked 30th in population size — the median income is$40,574. That's the lowest of all cities and more than $100,000 less than the median in San Francisco.

The disparity largely reflects how the wealthiest Americans tend to be concentrated in a few of the largest U.S. cities. In San Francisco, there are 305,700 millionaires, which is second only to New York City's 349,500 millionaires, according to wealth intelligence firm New World Wealth.

The wealthiest cities also tend to offer a high number of well-paying jobs in technology, finance, entertainment or health-care industries. Land scarcity is a factor, too, as it restricts new housing developments and drives up property prices, which can exclude lower-income buyers from the market.

Below are the median household incomes for the 25 most populous U.S. cities, ranked from highest to lowest. The average household income for the wealthiest 5% of earners in each city is also included.

1. San Francisco

  • Median household income: $146,872
  • Average household income for top 5% earners: $1,007,363

2. San Jose, California

3. Seattle

  • Median household income: $124,715
  • Average household income for top 5% earners: $773,332

4. Washington, D.C.

  • Median household income: $109,300
  • Average household income for top 5% earners: $772,837

5. San Diego

  • Median household income: $106,007
  • Average household income for top 5% earners: $614,755

6. Oakland, California

  • Median household income: $101,421
  • Average household income for top 5% earners: $691,594

7. Boston

  • Median household income: $95,858
  • Average household income for top 5% earners: $727,746

8. Virginia Beach, Virginia

  • Median household income: $94,066
  • Average household income for top 5% earners: $502,395

9. Austin, Texas

  • Median household income: $93,004
  • Average household income for top 5% earners: $607,976

10. Portland, Oregon

  • Median household income: $92,274
  • Average household income for top 5% earners: $550,487

11. Denver

  • Median household income: $92,249
  • Average household income for top 5% earners: $625,097

12. Colorado Springs, Colorado

  • Median household income: $84,913
  • Average household income for top 5% earners: $442,133

13. Long Beach, California

  • Median household income: $84,880
  • Average household income for top 5% earners: $457,729

14. Sacramento, California

  • Median household income: $84,836
  • Average household income for top 5% earners: $439,505

15. Raleigh, North Carolina

  • Median household income: $84,489
  • Average household income for top 5% earners: $565,658

16. Atlanta

  • Median household income: $83,440
  • Average household income for top 5% earners: $820,758

17. New York City

  • Median household income: $82,314
  • Average household income for top 5% earners: $746,353

18. Minneapolis

  • Median household income: $82,019
  • Average household income for top 5% earners: $552,377

19. Los Angeles

  • Median household income: $81,924
  • Average household income for top 5% earners: $667,861

20. Charlotte, North Carolina

  • Median household income: $79,588
  • Average household income for top 5% earners: $644,063

21. Bakersfield, California

  • Median household income: $79,327
  • Average household income for top 5% earners: $453,412

22. Mesa, Arizona

  • Median household income: $79,262
  • Average household income for top 5% earners: $408,068

23. Fort Worth, Texas

  • Median household income: $78,144
  • Average household income for top 5% earners: $436,906

24. Phoenix

  • Median household income: $77,463
  • Average household income for top 5% earners: $486,335

25. Arlington, Texas

  • Median household income: $77,080
  • Average household income for top 5% earners: $385,600

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Here's the median salary in the 25 biggest U.S. cities—see how you compare (1)

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Here's the median salary in the 25 biggest U.S. cities—see how you compare (2024)

FAQs

What is the median salary in the US compared to the average salary? ›

The average annual average salary in the U.S. is $63,795. The median annual salary, which is often less skewed by outlying numbers, is $59,384. It's worth noting that average and median salaries vary quite a bit by state.

What city in the US has the highest median income? ›

In San Francisco, at least half of households make $146,872 — the highest of all cities. Here's a look at the 10 wealthiest U.S. cities, based on 2022 U.S. Census household income data that's been adjusted to 2024 dollars: San Francisco: $146,872. San Jose, California: $146,143.

What is the median income in the US compared to the mean income? ›

Mean or “average” income takes the total earnings across a sample and divides it by the number of participants. On the other hand, median income is the midway point of a sample, with half of those sampled earning above the median and half earning less. The difference can be significant.

Which US state has the highest median income? ›

The state with the highest median household income was Maryland, which was 108,200 U.S. dollars in 2022. The average median household income in the United States was at 70,784 U.S. dollars.

What percent of Americans make over 100K? ›

Over one-third of American families earn $100,000 or more

The U.S. Census Bureau found that 37.1% of U.S. households earned at least $100,000 in 2022. Here's a more detailed breakdown of six-figure income brackets and the percentage of households in each one: $100,000 to $149,999: 16.9%

Is $75000 a good salary in USA? ›

If you make $75,000 a year, you're earning more than half of all workers in the U.S. And in fact, many people would probably consider the salary as good pay. After all, a $75,000 salary works out to around $6,250 per month, $1,442.31 per week, or $36.06 an hour.

What salary is considered rich in US cities? ›

Key Findings
  • The top 5% are earning an average income of $500,000+ in 22 cities.
  • The top 5% in San Francisco are earning more than $683,000 than the top 5% in Detroit.
  • In five California cities, the top 5% earn over $570,000 per year.
Apr 22, 2024

Who is considered upper class in the United States? ›

The American upper class is a social group within the United States consisting of people who have the highest social rank, due to economic wealth, lineage, and typically educational attainment. The American upper class is estimated to be the richest 1% of the population.

What is the richest city in the US in 2024? ›

New York City

Is 100k a good salary in the US? ›

The Takeaway

For most individuals and small families, the answer to “Is $100,000 a good salary?” is a resounding “yes.” Cost of living and family size can affect how far $100,000 will go, but generally speaking, you can live comfortably on $100,000 a year. Are you hoping to make the most of your salary?

What median income is considered rich? ›

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year.

What's the top 1% in the USA? ›

How to Make the Top 1% List
2021 Average Annual Wages
GroupAvg. Wages
Top 0.1% of Earners$3,312,693
Top 1% of Earners$819,324
Top 5% of Earners$335,891
1 more row

What is the wealthiest state in the USA? ›

1. New Jersey. New Jersey has a total of three counties among the 15 wealthiest counties in the U.S., according to 2017-2021 Census Bureau figures. Its richest county – Morris County – has a median household income of $123,727.

Which cities have the highest median income? ›

In 2022, San Francisco had the highest median household income of cities ranking within the top 25 in terms of population, with a median household income in of 136,692 U.S. dollars. In that year, San Jose in California was ranked second, and Seattle, Washington third.

What is the poorest state in the United States by income? ›

Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%).

Is median and average the same in salary? ›

Medians arrange incomes from lowest to highest, then identify the middlemost income where an equal number fall above and below. This eliminates the outsized influence of outliers. Median income figures are usually lower than average income figures.

What percentage of Americans make $75,000 a year? ›

Percentage distribution of household income in the United States in 2022
Annual household income in U.S. dollarsPercentage of U.S. households
35,000 to 49,99910.6%
50,000 to 74,99916.2%
75,000 to 99,99912.3%
100,000 to 149,99916.4%
5 more rows
Jul 5, 2024

Why median salary is better than average salary? ›

Advantages of Using Median Salary

It is not significantly changed by outliers. When a distribution is skewed, the median does a better job of describing the center of the distribution than the mean.

What is the US real average salary? ›

In 2022, the average annual real wages in the United States amounted to 77,463 U.S. dollars.

References

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