3 cities with the fastest growing incomes are in the South
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Filed under: Finance, Careers, Employment News
The South might be known for a slow, Southern style, but personal income is growing fast in the region. The Bureau of Economic Analysis recently released its report on real personal income — in simple terms, the income after taking into consideration the effects of inflation on purchasing power — for states and metropolitan areas. The top three metropolitan areas for real personal income growth are in the Southern U.S.
- Atlanta-Sandy Springs-Roswell, Ga. (3.4 percent)
- Orlando-Kissimmee-Sanford, Fla. (3.3 percent)
- Charlotte-Concord-Gastonia, N.C. and S.C. (3.2 percent)
- Population: 5,790,210
- Median age: 36.2
- Median household income: $62,613
- Median value of owner-occupied housing units: $197,700
- Mean travel time to work: 32.1 minutes
- Average yearly temperature: 61.5 degrees
- Cost of living: 9th lowest in the nation
- Population: 2,441,257
- Median age: 37
- Median household income: $52,385
- Median value of owner-occupied housing units: $201,600
- Mean travel time to work: 28.7 minutes
- Average yearly temperature: 72.6 degrees
- Cost of living: 26th lowest in the nation
- Population: 2,474,314
- Median age: 37.4
- Median household income: $59,979
- Median value of owner-occupied housing units: $188,100
- Mean travel time to work: 26.5 minutes
- Average yearly temperature: 60.12 degrees
- Cost of living: North Carolina is 18th and South Carolina is 28th lowest in the nation