Where you live can affect your pocketbook in more ways than one. As we recently reported, where you live can affect your job opportunities. This is especially true for women, who on average earn only 77 percent as much as men in the U.S. but are the majority of breadwinners for their families. Forbes has put together a list of the best-paying cities for women in 2014. The magazine examined the 2011 American Community Survey by the U.S. Census (the latest data available), supplied by financial literacy website NerdWallet.
Here are the top five cities where women can earn the most:
1) Our nation’s capital. “In the Washington, D.C. metro area women working full-time earn a median income of $57,128. That’s nearly triple the salary in the worst-paying city for women. In Opelousas, L.A., women earn just $21,658 a year,” reports Forbes. D.C. attracts highly educated professionals who work in high-paying fields, such as politics and law. Still, even here, women earn only 81 percent as much men, who earn a median salary of $70,758.
2) Do you know the way to San Jose? The second top-paying city for women is San Jose, CA. Women living here earn a median salary of $56,499. In fact, seven metro areas in California made the top 20 list. “California cities like San Jose and San Francisco have become hotbeds of innovation and recruit talent with backgrounds in engineering and computer science, among the best-paying fields,” writes the magazine.
3) New England calls: The Bridgeport, CT woman’s median salary is $54,844, which is good, but still just 73 percent of what men make in the city. Urban centers in the East feature a high concentration of top-rated universities and highly-skilled, professional jobs, which pushes up earnings, according to Forbes.
4) Golden Gate perks: The median salary in San Francisco is $54,376 for female workers. Women take home 84 percent of what men earn.
5) Jersey Girl: In the Trenton, NJ metro area, a woman’s median salary is $52,319, which is 81 percent of a man’s.
The bottom of the list included cities in Texas, Florida and Missouri, where median salaries for women is less than $28,000.
The data also further highlighted the gender wage gap. “In fact, out of all the cities tracked, there are only four in which women earn equal to or more than men: Key West, Fla; Madera, Calif.; Fort Payne, Ala.; and Sebring, Fla, ” reports Forbes. All the more reason many women’s organizations are backing the Fairness Pay Act.
Would you relocate for better pay?