New Yorkers Earn More Than Average American
Bureau of Labor Statistics Releases Compensation Data
The Bureau of Labor Statistics released data Wednesday that indicates New Yorkers earn nearly $1.14 for every $1 the average American worker makes.
But the New York metropolitan area was not listed as the highest wage earner. The San Jose and San Francisco area topped the bureau's list, earning $1.20 for every $1.
Overall, 77 metropolitan areas were studied as part of the National Compensation Survey. Salinas, Calif., and the Seattle-Tacoma, Wash., area also checked in at above-average rates.
Other areas, such as Brownsville, Tex., and Ocala, Fla., earn less than the average.
While wage earners in the New York area typically make more money than the average American worker, Consumer Price Index (CPI) data indicates higher prices in New York and other coastal metropolitan areas. For March 2011, the CPI was valued at 245 in the tri-state area, and at 206 in the Dallas-Fort Worth, Tex., area.
The CPI is used to estimate the changes in prices paid for a predetermined group of consumer goods and services.
Click here to see a PDF version of the Bureau of Labor Statistics' report.
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