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Editor’s Note: This story originally appeared on LLC.

The U.S. economy is now a full year into a historic run of inflation. Year-over-year price increases in the Consumer Price Index (CPI) have topped 5% every month since May 2021, peaking at 8.5% in March.

While the Federal Reserve has begun to raise interest rates to cool the economy, supply chain challenges and strong consumer demand throughout the pandemic have sent inflation to its highest levels in four decades.

Countless headlines over the last year have invoked widespread concerns about inflation, but not every household experiences rising prices in the same way. For example, homeowners who bought before the pandemic have been spared from spiking prices for housing costs, while remote workers have been less susceptible to rising costs for vehicles and gasoline.

Amid a tight labor market and the Great Resignation, many workers have seen their wage gains outpace the rate of inflation — but for those who haven’t, rising prices have effectively given them a pay cut.

Even before the current run of inflation, many workers were already in a challenging position due to relatively slow wage growth relative to prices over the last decade. Average hourly earnings showed year-over-year growth of between 2% and 3% for most of the decade before the pandemic, falling behind the rate of growth in the CPI at several points.

Over this period, higher earners — who may already be better equipped to withstand rising prices — saw their wages grow significantly faster than lower earners.

With prices rising rapidly, data from March 2022 year-over-year changes in the CPI are outpacing year-over-year changes in hourly earnings by 3 percentage points.

Using data from the U.S. Bureau of Economic Analysis’ Real Personal Income tables, researchers at LLC.org determined the locations where incomes have struggled to keep pace with inflation. Here are the U.S. metropolitan areas where incomes have struggled the most.

15. Dallas-Fort Worth-Arlington, TX

Kevin Ruck / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +22.7%
  • Total change in per capita income (2010-2020): +$10,888
  • 2020 per capita income: $58,828
  • 2010 per capita income: $47,940

14. Memphis, TN-MS-AR

Memphis, Tennessee
Steven Frame / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +22.5%
  • Total change in per capita income (2010-2020): +$10,161
  • 2020 per capita income: $55,398
  • 2010 per capita income: $45,237

13. Boston-Cambridge-Newton, MA-NH

Boston skyline summer day.
Danica Chang / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +22.4%
  • Total change in per capita income (2010-2020): +$14,273
  • 2020 per capita income: $78,095
  • 2010 per capita income: $63,822

12. Kansas City, MO-KS

Topeka, Kansas
Jacob Boomsma / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +22.4%
  • Total change in per capita income (2010-2020): +$11,249
  • 2020 per capita income: $61,555
  • 2010 per capita income: $50,306

11. Milwaukee-Waukesha, WI

Milwaukee, Wisconsin
f11photo / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +21.6%
  • Total change in per capita income (2010-2020): +$11,232
  • 2020 per capita income: $63,321
  • 2010 per capita income: $52,089

10. Tulsa, OK

Tulsa Oklahoma
Sean Pavone / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +20.4%
  • Total change in per capita income (2010-2020): +$10,630
  • 2020 per capita income: $62,762
  • 2010 per capita income: $52,132

9. Virginia Beach-Norfolk-Newport News, VA-NC

Ritu Manoj Jethani / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +19.8%
  • Total change in per capita income (2010-2020): +$9,210
  • 2020 per capita income: $55,652
  • 2010 per capita income: $46,442

8. Baltimore-Columbia-Towson, MD

Townson Maryland
Jon Bilous / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +19.7%
  • Total change in per capita income (2010-2020): +$10,464
  • 2020 per capita income: $63,531
  • 2010 per capita income: $53,067

7. Tampa-St. Petersburg-Clearwater, FL

Tampa, Florida
kevin-j-king / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +19.3%
  • Total change in per capita income (2010-2020): +$8,574
  • 2020 per capita income: $52,981
  • 2010 per capita income: $44,407

6. New Orleans-Metairie, LA

stormy sky in New Orleans, Louisiana
GJGK Photography / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +17.9%
  • Total change in per capita income (2010-2020): +$9,105
  • 2020 per capita income: $60,012
  • 2010 per capita income: $50,908

5. Oklahoma City, OK

Oklahoma City skyline
Natalia Bratslavsky / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +16.6%
  • Total change in per capita income (2010-2020): +$8,014
  • 2020 per capita income: $56,419
  • 2010 per capita income: $48,405

4. San Antonio-New Braunfels, TX

San Antonio, Texas outdoors
Sean Pavone / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +16.6%
  • Total change in per capita income (2010-2020): +$7,286
  • 2020 per capita income: $51,295
  • 2010 per capita income: $44,009

3. Washington-Arlington-Alexandria, DC-VA-MD-WV

U.S. Treasury Department
BlackMac / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +15.6%
  • Total change in per capita income (2010-2020): +$9,348
  • 2020 per capita income: $69,115
  • 2010 per capita income: $59,766

2. Hartford-East Hartford-Middletown, CT

Sean Pavone / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +14.9%
  • Total change in per capita income (2010-2020): +$8,523
  • 2020 per capita income: $65,724
  • 2010 per capita income: $57,201

1. Houston-The Woodlands-Sugar Land, TX

Joseph Sohm / Shutterstock.com
  • Percentage change in per capita income (2010-2020): +14.1%
  • Total change in per…



Read More: 15 Cities Where Income Isn’t Keeping Up With Inflation

2022-09-23 14:30:16

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