{"id":134815,"date":"2023-09-18T21:39:08","date_gmt":"2023-09-18T21:39:08","guid":{"rendered":"https:\/\/allmybiznews.com\/?p=134815"},"modified":"2023-09-18T21:39:08","modified_gmt":"2023-09-18T21:39:08","slug":"americas-26-poorest-large-cities","status":"publish","type":"post","link":"https:\/\/allmybiznews.com\/business\/americas-26-poorest-large-cities\/","title":{"rendered":"America’s 26 Poorest Large Cities"},"content":{"rendered":"

The wage premium on city jobs is a well known <\/span>if not completely understood<\/span> fact in the U.S. economy. Leaving a small town for a big city is likely to lead to more job options at higher wages, and bigger cities tend to have more productive economies and higher-income residents.<\/span><\/p>\n

The median annual household annual income in nearly all (17) of the 20 largest U.S. metro areas exceeds the national median household income of $74,755. The opposite is true in the 20 lowest-population metro areas–\u00a0 the median household income surpasses the national figure in just two cities (Midland, Michigan, and Fairbanks, Alaska). These are the <\/span>cities that attracted the most new residents last year<\/span>.<\/span><\/p>\n

The U.S. Census Bureau, which tracks this information, released its 2022 data for large geographic areas, including states, metropolitan areas, and mid- to large-sized cities on Sept. 14 this year. Amid a historic rise in the inflation rate, real median household income fell by 2.3% from $76,330 in 2021 to $74,580 in 2022. Between 2021 and 2022, inflation rose by 7.8% — the largest annual increase in the cost-of-living adjustment since 1981, according to the release.\u00a0<\/span><\/p>\n

Which cities, even with the advantage a larger population size seems to offer, still trail most other cities in terms of the income of a typical household? To answer this question, 24\/7 Wall St. reviewed the median annual household income in the 192 metropolitan areas with a population of 250,000 or less (about half of the 382 U.S. metropolitan statistical areas considered by the 2022 American Community Survey). (Also see, <\/span>people are leaving these 50 American cities in droves<\/span>.)<\/span><\/p>\n

These are America’s poorest metro areas.\u00a0<\/strong><\/span><\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The wage premium on city jobs is a well known if not completely understood fact in the U.S. economy. Leaving a small town for a big city is likely to lead to more job options at higher wages, and bigger cities tend to have more productive economies and higher-income residents. The median annual household annual income in nearly all (17) […]<\/p>\n","protected":false},"author":3,"featured_media":134814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nAmerica’s 26 Poorest Large Cities - All My Biz News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/allmybiznews.com\/business\/americas-26-poorest-large-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"America’s 26 Poorest Large Cities - All My Biz News\" \/>\n<meta property=\"og:description\" content=\"The wage premium on city jobs is a well known if not completely understood fact in the U.S. economy. 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