TAMPA, Fla. (WFLA) — Out of the 50 largest cities in the U.S., Tampa saw the highest income growth from 2023 to 2024, a new SmartAsset study found.
The city saw a 15.5% increase in median household income, the highest jump by far. In second place was Long Beach, California, which saw an 11.9% increase. In 2023, the median household income in Tampa was around $72,851. In 2024, that increased to $84,114, a few hundred dollars higher than the national average of $83,730.
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Unfortunately, not all Tampa residents reaped the benefits of that growth. Seniors enjoyed a 17.4% bump, but families with children saw a 6.2% decline in their household income. The median household income for families in 2023 was $103,657, which dropped to $97,219 in 2024.
As of 2024, there are only five major cities in the U.S. with a median household income above $100,000: San Jose, San Francisco, and San Diego, California, as well as Seattle, Washington, and Washington, DC.
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The 50 cities were chosen by population size, so the only other Florida cities on the list are Miami and Jacksonville, the most populated city in the state. Jacksonville saw a more modest increase of 6.5%, but the gains were more evenly distributed than in Tampa, with both seniors and families with children enjoying an increase…