In this brief, we examine the recent wage growth and trends over the last two years among the nation’s 372 metro areas.
Over the last 24 months national wages have increased slightly each month on a year-over-year basis. Although the pace hasn’t kept up with inflation, the overall trend has been positive throughout the two years in absolute terms. Among metros however, there a wide disparity in wage trends over the last two years. Only 47 U.S. metros can claim the same consistent year-over-year wage growth in all of the last 24 months. Seven metros did not experience one single month of year-over-year wage growth over the same period.