CNHI News Service
— Rejoice if you live in Fairbanks, Alaska; Dubuque, Iowa; Valdosta, Ga.; or in the cluster of communities north of Boston.
They are all listed in the top 10 metro areas with the biggest average annual wage and salary increases in the country.
A study conducted by the University of Toronto’s Martin Property Institute, based on Bureau of Labor Statistics, analyzed wage data to find the most lucrative salary gains for workers from 2010 to 2011.
The report showed that Fairbanks in Alaska had the highest wage increases for workers, with Valdosta rounding out the top 10. The study also demonstrates the importance that universities and military bases play in a community’s economy.
Fairbanks’ average annual wage increase was the highest at $2,700 while Valdosta’s came in 10th at $1,860, according to the rankings.
Other cities in the Top 10 include Bloomington, Ind.; Iowa City, Iowa; Lawrence-Methuen-Salem, Mass./N.H.; Williamsport, Pa.; San Jose-Sunnyvale-Santa Clara, Calif.; Wenatchee, Wash.; and Champaign-Urbana, Ill.