Salaries 💼

How does yours compare with the average?

Today’s newsletter looks at salaries. First we look at the average salary by US state. Then we analyse how salaries vary across the different industries. Finally, we compare how the growth of wages has compared to inflation over the past few years.

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Salaries by US State

Salaries in the U.S. vary significantly by state due to differences in cost of living, economic conditions, and industry presence. States like California, New York, and Massachusetts tend to have higher average wages, especially in metropolitan areas such as San Francisco, New York City, and Boston, driven by industries like technology, finance, and healthcare. In contrast, states with lower costs of living, such as Mississippi, Arkansas, and West Virginia, generally offer lower average salaries. However, these wages often align more closely with local living expenses, providing relative affordability. Wage disparities can also reflect regional employment trends and education levels.