PORTLAND, Ore. (KOIN) – Between 2023 and 2024 the median household income grew just 1.3% in the United States, but Portland fared much better.

Out of 50 U.S. cities, Portland ranked 22 for income growth according to a new report from SmartAsset.

Overall, household income in Portland grew 6.30%, from $86,057 in 2023 to $91,478 in 2024, according to the analysis. Family income reached $134,839 in the Rose City while senior income was $62,083.

Portland outperformed cities like San Diego, where wage growth was 4.97%, and Los Angeles where growth was 3.21%.

Nashville, Austin, Raleigh, Seattle and Denver all saw small declines in household income. In Miami, median income dropped 3.35%. The city with the worst income growth was Minneapolis, where household income declined more than 4%.

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