If you are pondering a move to a more profitable place to live, check out the top 5 cities where salaries are rising.
If you are pondering a move to a more profitable place to live, take some advice from the PayScale Index. This excellent online resource provides data about compensation and which cities are seeing growth in pay for employees.
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According to their calculations, here are the top 5 cities where salaries are rising.
5th place: Dallas, TX +4.3%
Dallas offers more than big platters of Tex-Mex food and BBQ. They’ve got big money in the form of technology, defense and telecom. That’s why they’ve earned the nickname “Silicon Prairie.” As the 4th largest metropolitan area in the U.S., this bustling city has a lot to offer in the way of sports, arts and culture. Now they can also add rising salaries as reason why “everything’s bigger in Texas.”
Tied for 3rd place: Riverside, CA +4.5%
Situated in between Los Angeles and Palm Springs, Riverside is more than just another Southern California suburb. It’s the place to go for a job search that will result in some serious So-Cal cash. This city started as a citrus town, but now their top-grossing businesses include education, manufacturing and retail.
Tied for 3rd place: Boston, MA +4.5%
Tied with Riverside, Boston’s salary increase of 4.5% means more profitable jobs in some of the most popular industries of 2013: healthcare, finance and higher education. Its rising salaries may be attributed to the abundance of universities and colleges in this town, like Harvard University, Boston College and MIT. Where there are smart people, there are usually great jobs, after all — not to mention excellent culture, restaurants and museums.
Tied for 1st place: Seattle, WA +4.8%
Seattle has always been a leader in the technology industry, and things continue to look up as salaries in Microsoft’s hometown increase by 4.8%. This hip Pacific Northwest city is also home to retail giants like Amazon, Starbucks and Nordstrom, which continue to grow as e-commerce explodes. If you don’t mind a little rain, this is a great place to move and watch your salary grow.
Tied for 1st place: Houston, TX +4.8%
Tied with Seattle, Houston is a top city where salaries are on the rise. If you work in the energy business, you might choose to make this oil town your own. The boom goes beyond oil and gas, though, and is expanding to wind and solar power. Though Houston is known as the “Energy Capital of the World,” it’s also making a name for itself in the environmental game with many green transportation options to help you get to and from your high-paying job in a sustainable way.
It’s great to hear about rising salaries, and hope on the horizon. If a profitable job is your goal, you might consider finding an apartment in one of these five promising cities.
Photo credit: Shutterstock / auremar
