Big pay tends to be concentrated in big cities and their surrounding areas, according to Alex Douzet, president of TheLadders.com , a $100k+ job search site. It is also concentrated in certain sectors, notably finance and information technology, followed by health care, biopharma, engineering, aerospace and defense.
To get a sense of where employees have the best chance of making big money, TheLadders analyzed hiring activity across the top 20 metro areas and identified the markets with the most favorable ratio of job seekers to $100k+ job postings. It also highlighted the hottest sectors within each metro area for six-figure salaries.
1. Washington, D.C.
Job Seekers/Job Postings Ratio: 2:1
Hot Sectors: IT, Aerospace/Defense, Software
City Snapshot
Median Salary: $45,671
Median Home Price: $308,700
Unemployment Rate: 6.7%
2. San Francisco, Calif.
Job Seekers/Job Postings Ratio: 2:1
Hot Sectors: Financial Services, Software, IT
City Snapshot
Median Salary: $48,960
Median Home Price: $493,300
Unemployment Rate: 11.0
3. Boston, Mass.
Job Seekers/Job Postings Ratio: 3:1
Hot Sectors: Financial Services, Biotech/Pharma, Software
City Snapshot
Median Salary: $45,757
Median Home Price: $332,900
Unemployment Rate: 8.3
4. Seattle, Washington
Job Seekers/Job Postings Ratio: 3:1
Hot Sectors: Software, Financial Services, E-Commerce
City Snapshot
Median Salary: $46,384
Median Home Price: $306,200
Unemployment Rate: 9.0
5. San Diego, Calif
Job Seekers/Job Postings Ratio: 3:1
Hot Sectors: Engineering, IT, Financial Services
City Snapshot
Median Salary: $41,538
Median Home Price: $359,500
Unemployment Rate: 11.0
6. Sacramento, Calif
Job Seekers/Job Postings Ratio: 3:1
Hot Sectors: Software, IT, Aerospace & Defense
City Snapshot
Median Salary: $43,410
Median Home Price: $180,500
Unemployment Rate: 13.1
7. New York, New York
Job Seekers/Job Postings Ratio: 4:1
Hot Sectors: Financial Services, IT, Business Services
City Snapshot
Median Salary: $45,101
Median Home Price: $382,300
Unemployment Rate: 9.3
8. Philadelphia, Pennsylvania
Job Seekers/Job Postings Ratio: 5:1
Hot Sectors: Biotech & Pharma, Financial Services, Health Care
City Snapshot
Median Salary: $41,766
Median Home Price: $215,900
Unemployment Rate: 9.4
9. Houston, Texas
Job Seekers/Job Postings Ratio: 5:1
Hot Sectors: Energy, Oil & Gas, Engineering, Construction
City Snapshot
Median Salary: $37,440
Median Home Price: $153,100
Unemployment rate: 8.5
10. Chicago, Illinois
Job Seekers/Job Postings Ratio: 6:1
Hot Sectors: Financial Services, Software, IT
City Snapshot
Median Salary: $41,219
Median Home Price: $199,200
Unemployment Rate: 11.3