Renthop has analyzed metro occupational data from the Bureau of Labor Statistics to help answer the questions: where should recent graduates go to make the most money?
The study used 12 major occupation categories that most likely require a bachelor’s degree or higher and ranked them by the average annual income across the top 50 U.S. metro areas. The two categories that interested us most were the top occupation and its average salary.
Unsurprisingly, in our region, Transportation and Material Moving was the #1 occupation type, and as a result, it’s also unsurprising that the average salary in that field is a disappointing $34,830. All in all, our big bet on transportation, logistics, and distribution has become a drag on our economy at a time when we need to be transitioning to higher valued, higher skilled jobs.
To put this into context, the following are profiles of selected metros, listing the top occupation in the area for each and the average salary in that field. To compare metros, use the interactive map here.
Nashville Metro:
#1 Occupation: Management
Average salary $106,560
Raleigh Metro:
#1 Occupation: Computer and Mathematical
Average salary: $91,680
Atlanta Metro:
#1 Occupation: Computer and Mathematical
Average salary: $91,220
Charlotte Metro:
#1 Occupation: Computer and Mathematical
Average salary: $91,200
Oklahoma City Metro:
#1 Occupation: Legal
Average salary: $88,700
Detroit Metro:
#1 Occupation: Architecture and Engineering
Average salary: $88,140
Cleveland Metro:
#1 Occupation: Healthcare Practitioners and Technical
Average salary: $84,330
St. Louis Metro:
#1 Occupation: Computer and Mathematical
Average salary: $84,140
Richmond Metro:
#1 Occupation: Business and Financial Operations
Average salary: $76,290
Cincinnati Metro:
#1 Occupation: Business and Financial Services
Average salary: $71,340
Birmingham Metro:
#1 Occupation: Health care Practitioners and Technical
Average salary: $69,490
Milwaukee Metro:
#1 Occupation: Production
Average salary: $39,120
Louisville Metro:
#1 Occupation: Production
Average salary: $38,860
Indianapolis Metro:
#1 Occupation: Transportation and Material Moving
Average salary: $35,410
Memphis Metro:
#1 Occupation: Transportation and Material Moving
Average salary: $34,830
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Smart City, I hear you in part. But I don’t think the problem is rooted in that we have a large TDL presence as much as it’s the same hack Memphis corporate community leaders hogging the plate and stifling small business growth, workforce development and economic diversification.