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Miami, Tampa tops list of cities with fastest-growing incomes

Miami is leading the list of American cities with the fastest-growing incomes over the past year.

But the average income is substantially higher in Tampa, which ranks third in the survey published by SmartAsseta New York City-based personal finance technology company.

The average income for a household in Miami rose 16 percent last year, the highest in the study. However, that rise still only averages out to $34,900 annually, far below the U.S. average of $57,000.

Tampa’s average household income rose from $44,000 to $50,000.

Sandwiched in between the two major Florida metropolis’ was Oakland, where an average household income grew from $58,800 to $68,000. That’s an increase of 15.7 percent. However, that average still makes it tough to live in the city across from San Francisco; An average home rental in Oakland costs $1,300, according to SmartAsset. (That’s a number much lower than what has generally been reported. Apartment listing site Abodo shows the average Oakland rent at over $2,000; other sources list it even higher.)

Rounding out the Top 10:

4. Raleigh

5. Charlotte

6. San Francisco

7. Birmingham, AL

8. San Jose

9. Glendale, AZ

10. Cincinnati

Written By

Mitch Perry has been a reporter with Extensive Enterprises since November of 2014. Previously, he served five years as political editor of the alternative newsweekly Creative Loafing. Mitch also was assistant news director with WMNF 88.5 FM in Tampa from 2000-2009, and currently hosts MidPoint, a weekly talk show, on WMNF on Thursday afternoons. He began his reporting career at KPFA radio in Berkeley and is a San Francisco native who has lived in Tampa since 2000. Mitch can be reached at mitch.perry@floridapolitics.com.

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