Seattle has been considered one of the best cities to live in for many years. This has been primarily due to the low unemployment rate, low crime rate and the beautiful surroundings of the city. Seattle’s reputation for being a great place to live is not going to be changing any time soon. This is due to the fact that Seattle’s median income made the biggest increase by far of any major city in the United States. The average household in that city earned slightly more than $80,000 in 2015. This is according to information that was compiled by the Census Bureau.
This $80,000 median income figure is stunning for several reasons. First of all, this figure is a $10,000 increase from the previous year. Also, it is $8,000 more than the next highest median increase for a major city in 2015. San Francisco’s median income went up by $2,000 during that same year. There has been much speculation about the reason for such a large rise in the city’s average income in only 12 months. Many people have pointed to the fact that companies that are based in Seattle like Amazon are now paying computer programmers as much as $120,000 for an annual salary. Needless to say, an abundance of new jobs with salaries in this range would definitely give a significant boost to Seattle’s median income.
One out of every five families in the Seattle area have an average income that exceeds $150,000. Seattle currently ranks third as far as overall median income is concerned. San Francisco and San Jose retained the top two positions on the list that they held in 2014. This is largely due to all of the people in both cities who are earning high salaries in the tech industry.
There seems to be no end in sight for Seattle median income increases. Starbucks is another company headquartered in Seattle that is constantly hiring people for positions that pay very high salaries. It is important to note that the cost of living in Seattle has also increased dramatically over the past several years as it has become a more desirable place to live.