While the nation's economy slogs through a slow recovery, a new study of American wages indicates that some paychecks are soaring, depending on in which U.S. city the worker resides.
According to the Bureau of Labor Statistics, the average wage of a U.S. worker was $1,000 per week in the fourth quarter of 2012, about 4.7 percent higher than the same period in 2011. But in some areas, pay rose by more than 10 percent.
According to 24/7 Wall Street, particular industries are triggering significant change of average wages in particular cities. For example, Midland, Texas, and Cheyenne, Wyoming, have seen increased wages tied to growth in the oil industry. In San Mateo, Calif., the average weekly wage grew more than 100 percent when Facebook moved its headquarters to Menlo Park in San Mateo County.
According to the survey, these are the American cities "where wages are soaring:"
1. San Francisco-Oakland-Mateo, Calif., up by 24.7 percent (growth in tech industry jobs)
2. Vero Beach, Fla., up by 11.1 percent (growth of leisure and hospital industry jobs)
3. Midland, Texas, up by 11.1 percent (growth in oil industry jobs)
4. Fond du Lac, Wis., up by 10.6 percent (growth in manufacturing jobs)
5. Provo-Orem, Utah, up by 9.8 percent (growth in mining, logging and construction industry jobs)
6. Odessa, Texas, up by 9.6 percent (growth in oil and gas exploration jobs)
7. Cheyenne, Wyo., up by 9.5 percent (growth in oil industry and mining jobs)
8. Elkhart-Goshen, Ind., up by 9.1 percent (growth in manufacturing jobs)
9. Dalton, Ga., up by 8.2 percent (growth in government jobs)
10. Topeka, Kan., up by 8.1 percent (growth of food industry jobs)
In Idaho, the U.S. Bureau of Labor Statistics said the average weekly wage was $732—the lowest in the nation in the fourth quarter of 2012.