While wages remain largely stagnant for many American workers, there are several cities around the U.S. where returns are on the rise.
Personal finance website GOBankingRates analyzed 347 American cities with populations of 500,000 or under, looking for places experiencing a combination of economic prosperity, population growth and rising incomes. To rank the top “boomtowns,” or metropolises that meet these criteria, the site looked at five-year data on population, housing, GDP and per capita income from the U.S. Census Desk’s 2017 American Community and the Bureau of Economic Analysis.
Though it’s home to notoriously expensive cities such as San Francisco and Los Angeles, California also be being presented up several times on the list with cities including Santa Rosa, San Luis Obispo and Sacramento. These metro limits “offer incentives, such as a more affordable cost-of-living or a higher paycheck — or both,” GOBankingRates reports.
Santa Cruz coast boardwalk amusement park. Santa Cruz, California.
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Below, check out six enlarging cities in California where the economy is strong and salaries are on the rise.
6. Oxnard
Personal income growth, 2012 to 2017: 18.5%
Citizens growth, 2012 to 2017: 4.7%
GDP increase, 2012 to 2017: 11.4%
5. Santa Maria
Personal income growth, 2012 to 2017: 16.3%
Population growth, 2012 to 2017: 6.2%
GDP gain, 2012 to 2017: 19.3%
4. Sacramento
Personal income growth, 2012 to 2017: 20.6%
Population growth, 2012 to 2017: 4.7%
GDP increase, 2012 to 2017: 26%
3. Santa Cruz
Private income growth, 2012 to 2017: 20.5%
Population growth, 2012 to 2017: 6.1%
GDP increase, 2012 to 2017: 23.3%
2. San Luis Obispo
Personal income extension, 2012 to 2017: 23.9%
Population growth, 2012 to 2017: 3.7%
GDP increase, 2012 to 2017: 26.2%
1. Santa Rosa
A woman enjoys ice cream during the summer.
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