This Is the State Where Salaries Are Rising Fastest

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By Douglas A. McIntyre Published
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This Is the State Where Salaries Are Rising Fastest

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The U.S. Census Bureau keeps track of how much money Americans make each year. The data includes personal and household income. Recently, data was released from the 2020 census. There have been a number of comparisons to the 2010 census. It makes sense that there would be a tremendous increase in income between the two periods, as 2010 was in the latter part of the Great Recession.

Approve.com looked at salaries between 2010 and 2020 by state and at the percentage increases between the two years. Nationwide, it found incomes rose by 35% to $58,494, in a survey it titled “Surging Salaries.”
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Among the primary conclusions about the 35% increase, according to the authors, was this:

This means that the growth in wages has outstripped inflation rates in the country, as wages would only have risen to $51,351 per year in line with inflation. Therefore, Americans could have more disposable income on average to save or put towards the procurement of goods and services.

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Washington was the state with the highest increase, up 58.28% to $76,791. It was followed by California, where wages rose 49.16% to $79,480. The state with the smallest increase was Wyoming, where wages rose 21.5% to $50,986. The next lowest increase was in Louisiana, where wages rose 25.33% to $51,964.

All of the data was pulled from the Bureau of Labor Statistics.

These are the 10 states where wages rose the most between 2010 and 2020:

State 2020 Avg. Wage Difference
Washington $76,791 58.28%
California $79,480 49.16%
North Dakota $55,465 45.47%
Massachusetts $83,738 44.95%
Oregon $59,938 43.82%
South Dakota $49,167 43.21%
New Hampshire $64,888 41.19%
Montana $48,443 40.03%
Utah $54,890 39.35%
Colorado $66,649 39.23%

Click here to see what income level is considered middle class in each state.
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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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