It may not feel like it for some of us, but the U.S. economy is on a major upswing since it tanked in 2009.
There are more than 6 million job openings, even though companies are having a hard time filling them. The unemployment rate is down to 4.3% from a high of 10% in 2009. And according to the latest Bureau of Economic Analysis figures, nearly every city’s annual personal income was back to pre-recession levels as of 2015 (they apparently don’t get around to updating this data for a couple years).
When you take inflation and local prices into account, residents in an average U.S. city are hauling in 6% more income annually than they did in 2009. But some cities are faring way better — or worse — than others.
Top 10 Cities With the Biggest Gain in Riches Since 2008
Whether it’s due to oil or real estate speculation, these cities have gained the most in personal income since the onset of the Great Recession.
Do you live in one of these towns? Great! But with great (earning) power comes great (saving) responsibility. Take advantage of your growing income with a bevy of tools to help you save.
Here are the cities that have seen the most income growth since the recession.
Carson City, Nevada
Annual income: $41,804
Gain since 2008: 40.9%
Bismarck, North Dakota
Annual income: $52,729
Gain since 2008: 25.1%
Hanford, California
Annual income: $32,793
Gain since 2008: 23.8%
Goshen, Indiana
Annual income: $40,240
Gain since 2008: 23.7%
Fayetteville, Arkansas
Annual income: $53,662
Gain since 2008: 22%
San Jose, California
Annual income: $60,313
Gain since 2008: 21.3%
Merced, California
Annual income: $34,951
Gain since 2008: 21%
Madera, California
Annual income: $33,516
Gain since 2008: 18.4%
Barnstable, Massachusetts
Annual income: $57,956
Gain since 2008: 17.6%
Muskegon, Michigan
Annual income: $36,103
Gain since 2008: 16.7%
10 Cities Getting Poorer Since 2008
The U.S. is a land of contrasts. Where there are winners, there are bound to be losers as well.
Twenty-four cities have seen a drop in annual personal income since the Great Recession. But if you happen to live in one of them, consider ways to make money online from home, or you could take on a side gig and earn an extra $500 this month.
Here are the cities with the largest drop in income since 2008.
Charlotte, North Carolina
Annual income: $44,095
Loss since 2008: -11%
Midland, Michigan
Annual income: $45,273
Loss since 2008: -5.2%
Grand Junction, Colorado
Annual income: $37,749
Loss since 2008: -4.1%
Longview, Texas
Annual income: $42,153
Loss since 2008: -3.3%
Olympia, Washington
Annual income: $38,157
Loss since 2008: -3.3%
Tucson, Arizona
Annual income: $36,453
Loss since 2008: -2.9%
Ames, Iowa
Annual income: $39,406
Loss since 2008: -2.8%
York, Pennsylvania
Annual income: $42,594
Loss since 2008: -2.6%
Biloxi, Mississippi
Annual income: $35,058
Loss since 2008: -2.5%
Brunswick, Georgia
Annual income: $37,819
Loss since 2008: -2.4%
Alex Mahadevan is a data journalist at The Penny Hoarder.
This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.
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