This State’s Wages Are Growing Fastest
If you feel like your paycheck has been stuck at the same number for eons, it may have to do with where you live. It turns out, pay is rising faster in the west, with several western states seeing the highest earnings growth in 2017, well above the national average of 3.1%.
The state with the greatest increase — 5.3% — is Idaho, due mostly to annual wages and salaries, according to the Commerce Department. Several industries, including manufacturing, agriculture, food services and construction are driving employment and wage growth. This, coupled with labor shortages, are further increasing workers’ earnings in the state.
Of course, incomes overall are lower in Idaho than the rest of the country, with the per capita personal income at $40,507, but the state does boast a relatively low cost of living.
Here’s where else earnings rose above the national average last year.
- Idaho
- Washington
- Arizona
- Utah
- Colorado
- Nevada
- California
- Oregon
- Georgia
- North Carolina
No matter where you live, these tips on negotiating your salary can help you earn more at your next job.
Social Security is an important part of your financial plan.
Your financial advisor can show you how Social Security will work to reinforce your retirement savings. And they’ll show you how it can help you live the life you want in retirement.
Let's get started
