Phoenix boasts second-highest percentage increase in six-figure jobs, report finds

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Posted at 8:39 AM, Dec 29, 2021
and last updated 2021-12-29 10:39:08-05

PHOENIX — As the pandemic continues to accelerate wage growth for many workers, a new study is shedding light on just how prevalent six-figure job growth has been over the past five years in cities across the country.

According to the study published by Stessa, the Phoenix metro had a 217.1% increase in six-figure jobs from 2015 to 2020 — the second-largest percentage increase among the country's large metros.

The Valley was ranked No. 2 in a list of large U.S. metros with the most growth in high-paying jobs over the last half decade.

Of the Valley's workforce, 180,740 workers — or 8.6% of the workforce — brought in six-figure salaries in 2020. That's higher than the national 7.9% of workers making $100,000 or more. It's also a higher percentage than that of all but two of the report's top 15 large metros, including No. 1 Nashville, which was at 5.6%

In 2015, only 57,000 workers in the Valley boasted those salaries.

Read more of this story from the Phoenix Business Journal.