This Is the State Where Salaries Are Rising Fastest

Economy

Published: October 26, 2021 9:30 am

The U.S. Census Bureau keeps track of how much money Americans make each year. The data includes personal and household income. Recently, data was released from the 2020 census. There have been a number of comparisons to the 2010 census. It makes sense that there would be a tremendous increase in income between the two periods, as 2010 was in the latter part of the Great Recession.

Approve.com looked at salaries between 2010 and 2020 by state and at the percentage increases between the two years. Nationwide, it found incomes rose by 35% to $58,494, in a survey it titled “Surging Salaries.”
[in-text-ad]
Among the primary conclusions about the 35% increase, according to the authors, was this:

This means that the growth in wages has outstripped inflation rates in the country, as wages would only have risen to $51,351 per year in line with inflation. Therefore, Americans could have more disposable income on average to save or put towards the procurement of goods and services.

Washington was the state with the highest increase, up 58.28% to $76,791. It was followed by California, where wages rose 49.16% to $79,480. The state with the smallest increase was Wyoming, where wages rose 21.5% to $50,986. The next lowest increase was in Louisiana, where wages rose 25.33% to $51,964.

All of the data was pulled from the Bureau of Labor Statistics.

These are the 10 states where wages rose the most between 2010 and 2020:

State	2020 Avg. Wage	Difference
Washington	$76,791	58.28%
California	$79,480	49.16%
North Dakota	$55,465	45.47%
Massachusetts	$83,738	44.95%
Oregon	$59,938	43.82%
South Dakota	$49,167	43.21%
New Hampshire	$64,888	41.19%
Montana	$48,443	40.03%
Utah	$54,890	39.35%
Colorado	$66,649	39.23%

Click here to see what income level is considered middle class in each state.

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.