Americans are flocking to U.S. 'boom towns' where wages are rising fast
Although wages have been mostly stagnant across the U.S. for the past five years, in some cities, salaries have actually been rising.
CNBC Make It has identified 10 cities where populations have been growing and median wages have been going up using data from personal finance site MagnifyMoney's list of America's biggest "boomtowns." MagnifyMoney analyzed how the 100 largest metro areas in the country changed over a five-year period (between 2011 and 2016) across three categories: population and housing; workforce and earnings; and business growth. Cities could earn a possible score of 100 in each category, which were then averaged together for the final ranking. You can read the full methodology here.
Out of America's top 50 "boomtowns," here are the top 10 places where salaries have gone up most in the past five years.
More: Why wages are finally picking up. And will it last?
More: 15 US cities where you can afford to buy a home if you earn less than $40,000 a year
10. San Francisco
Median earnings increase between 2011 and 2016: 7 percent
Workforce and earnings score: 47.5
Final score: 45
Overall rank: 22
9. Spokane, Washington
Median earnings increase between 2011 and 2016: 7.2 percent
Workforce and earnings score: 30.4
Final score: 32.3
Overall rank: 50
8. Des Moines, Iowa
Median earnings increase between 2011 and 2016: 8.2 percent
Workforce and earnings score: 42.8
Final score: 51.7
Overall rank: 15
7. San Jose, California
Median earnings increase between 2011 and 2016: 8.7 percent
Workforce and earnings score: 53.4
Final score: 47.4
Overall rank: 19
6. Austin, Texas
Median earnings increase between 2011 and 2016: 8.8 percent
Workforce and earnings score: 70.3
Final score: 87.8
Overall rank: 1
More: Child-care costs are drain on income, on par with college tuition. Which states are worst?
5. Charleston, South Carolina
Median earnings increase between 2011 and 2016: 9.2 percent
Workforce and earnings score: 60.6
Final score: 66.4
Overall rank: 4
4. Oklahoma City, Oklahoma
Median earnings increase between 2011 and 2016: 10.6 percent
Workforce and earnings score: 44.4
Final score: 40.3
Overall rank: 31
3. El Paso, Texas
Median earnings increase between 2011 and 2016: 11.4 percent
Workforce and earnings score: 39.1
Final score: 43.9
Overall rank: 24
More: The top 10 US cities where you can earn $100,000 a year and still feel broke
2. Baton Rouge, Louisiana
Median earnings increase between 2011 and 2016: 12 percent
Workforce and earnings score: 30.5
Final score: 34.2
Overall rank: 44
1. McAllen, Texas
Median earnings increase between 2011 and 2016: 18.4 percent
Workforce and earnings score: 62.2
Final score: 55.6
Overall rank: 10
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