Particle.news

Download on the App Store

Tampa Leads Big-City Income Gains as New Report Shows Sharp Divergences Across U.S. Metros

A SmartAsset analysis of fresh Census data shows local income changes far outpacing the modest national uptick.

Overview

  • National median household income rose about 1.3% between 2023 and 2024 to roughly $83,730, according to the U.S. Census Bureau.
  • Tampa posted the largest one‑year gain among the 50 biggest cities at about 15.46%, with SmartAsset pointing to a more than 17% jump in senior household incomes.
  • Four California cities ranked among the fastest growers, and San Jose and San Francisco retained the highest median household incomes nationally.
  • Several major cities recorded year‑over‑year declines, including Minneapolis at −4.04% and Miami at −3.35%, based on SmartAsset’s city‑level comparison.
  • Rapid percentage gains did not always lift local medians above the national figure, as seen in Baltimore, where an 8.73% rise still left incomes below $83,730.