These US cities are making more money than last year, says new report

(NEXSTAR) - How much money you bring in varies drastically depending on where you live in the U.S., and while the cost of living continues to rise across the country, the amount of income being earned nationwide is slowly rising as well.

According to a new study from SmartAsset, residents in the U.S. saw a 1.3% increase in household income from last year, with the average household bringing in roughly $83,730 a year.

Some cities in particular saw a much larger increase year over year than the rest of the country. To find which cities stood out, SmartAsset examined the latest U.S. Census Bureau data and examined what the median household income was for American residents living in the 50 largest U.S. cities in 2023 and 2024.

Tampa, FL landed at the top of the list with a 15.46% increase