The gap between the top 10% of earners and the median incomes can be fairly large. In some states, you’ll need to pull down 254% of the average salary to crack the top 10%. In other places, the gap is much smaller. Find out what the top salaries are in each state below.
1. New York City
New York City’s borough of Manhattan is one of the world’s major financial centers. It also has some of the highest nominal incomes in the country.
A new law aimed at reducing pay disparities went into effect in January. It prohibits employers from asking job applicants about their salary history during the hiring process, from advertisements and applications to interviews.
2. San Francisco
High-paying occupations in San Francisco attract many workers, including doctors and software developers. However, the city’s housing costs make it difficult to keep up with incomes in the area.
The government considers people with incomes less than $117,400 in San Francisco to be low-income. That’s almost as much as the median income for a family of four in the area.
3. Los Angeles
Los Angeles conjures up visions of Hollywood glitz and glamour, but it is also a major center of business, international trade, education and culture. Before relocating to the city, it’s essential to understand how much you can expect to earn in this diverse region.
If you’re not earning enough to cover your living expenses, it may be time to reconsider your decision to relocate to Los Angeles.
If you’re looking for a high-paying job, Boston is a great place to find one. The city’s economy is strong and it has plenty of opportunities for both well-known companies and startups.
A high-paying job in Boston can help you survive the expensive cost of living in this bustling city. It also makes you eligible for some of the best healthcare in the country.
5. Washington D.C.
Located on the Potomac River, Washington DC is the capital city of the United States. It was founded on land carved out of the states of Maryland and Virginia.
The city’s streets are organized in a scheme of broad diagonal avenues overlain on a grid of wide north-south and east-west-trending streets. These create both powerful focal points and open public spaces, resulting in attractive streetscapes.
6. Washington State
Washington State’s salary is one of the highest in the country, and it’s easy to see why. The state’s job market is still incredibly competitive, thanks to its robust economy and strong employment growth.
Earlier this year, Washington became the first state to require most employers to include salary information in job postings. The new law is meant to help reduce racial and gender pay inequities.
7. New Hampshire
The state has a number of jobs that pay well, including those in the health care industry. The state also has low income taxes, which makes it a desirable place to live.
New Hampshire’s tax burden as a percent of gross income is among the lowest in the country. However, a lot of Granite Staters are coping with stagnant wages and job opportunities in industries that are not paying as much.
Hawaii is an idyllic vacation destination for young families, retirees, world explorers, honeymooners, adventure seekers and surfers. It’s also a popular destination for those who like to stay on island time and relax.
However, if you’re traveling to Hawaii on a budget, be aware that it can be more expensive than some other destinations. For example, a hotel room can cost up to $500 more per night during peak tourism season.
Colorado is a great state to live in if you’re looking for beautiful landscapes and access to nature. Moreover, its cost of living is also comparatively low compared to other states.
The state’s climate and flatness, as well as its layered rocks, have produced fertile soils that lack only moisture. These features make the state a prime location for farmers, ranchers and other agribusiness.
Oregon is known for its laid back culture, beaches & rocky shores, and pioneering past. It’s also home to a number of high-tech companies, including Nike Inc and Hewlett-Packard.
The state’s salaries range widely by industry, but the top paying jobs include computer and information research scientists. They earn an average of $166,450 per year in Oregon, compared to $142,650 nationally.