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Cities That Will See the Highest Pay Raises Next Year

Fox Business (08/15/12) Chad Brooks

Based on surveys of 1,300 U.S. companies, Aon Hewitt says employees in several cities should receive pay raises next year that are higher than the projected national average of 3%. The highest salary increase of 3.6% is anticipated in Denver, though workers in Austin, Dallas/Fort Worth, Detroit, San Diego, Houston, and Kansas City also will receive higher-than-average raises. However, San Francisco, Chicago, and Minneapolis/St. Paul lead the list of cities where lower-than-average pay raises are expected. The report also indicates that workers in the milling and mining, computer, energy, and automotive/vehicle manufacturing industries will receive higher-than-average salary increases, while those in the education, rubber/plastic/glass, government, and health care/medical services sectors will receive the lowest pay raises.