Overview

• The U.S. median household income edged up about 1.3% to $83,730 in 2024, according to Census data.
• Tampa posted the largest city-level gain at 15.46%, with its median rising from $72,851 to $84,114, which SmartAsset links in part to higher senior incomes.
• Four California cities ranked among the fastest growers, and San Jose and San Francisco retained the highest median household incomes in the country.
• Several major cities saw declines year over year, led by Minneapolis (-4.04%) and Miami (-3.35%), with smaller drops in Denver, Seattle, Raleigh, Austin and Nashville.
• The study covers the 50 largest U.S. cities and shows that big percentage gains do not always lift medians above the national level, exemplified by Baltimore’s 8.73% rise to under $65,000.