360° Coverage : The Best-Paying Cities For Women 2014

2 Updates
The Best-Paying Cities For Women 2014

The Best-Paying Cities For Women 2014

Feb 3 2014, 9:13am CST | by

The Best-Paying Cities For Women 2014 In his State of the Union address last week, President Obama made a plea for higher women’s wages. “You know, today, women make up about half our workforce,...

Filed under: news

 
 
 

32 weeks ago

The Best-Paying Cities For Women 2014

Feb 3 2014, 9:13am CST | by

The Best-Paying Cities For Women 2014

In his State of the Union address last week, President Obama made a plea for higher women’s wages. “You know, today, women make up about half our workforce, but they still make 77 cents for every dollar a man earns,” he said. “That is wrong, and in 2014, it’s an embarrassment. Women deserve equal pay for equal work.”

So is there a place in the U.S. where women make the same as men? Are there cities where women’s wages are higher than others? For answers we turned to financial literacy site NerdWallet, which has sorted through  figures from the 2012 American Community Survey by the U.S. Census (the latest data available). The annual dataset tracks the median earnings of men and women working full-time, year-round in more than 500 major metropolitan areas across the U.S. NerdWallet has crunched the numbers and helped us figure out which metro areas pay the most in raw numbers and as a percentage of men’s salaries.

At the top of the list: San Jose-Sunnyvale-Santa Clara, where women earn a median income of $56,000. That’s nearly triple the salary in the worst-paying city for women, Laredo, TX, where they make just $24,700.

With the surge in the tech industry, it’s not surprising that salaries are highest in a slice of Silicon Valley.  In fact I wrote a story last week on the highest-paying cities for tech jobs and the Valley came out on top as it always does in that sector. But the gender disparity there is striking, according to the Census numbers. Women earn just 74% of what men make.

There are several explanations, as explored in a smart post last week by the non-partisan site Politifact, which parsed President Obama’s 77% remark in the State of the Union: Difference in jobs held, difference in college degrees earned and time off for parenting. Although all of this is in flux, women tend to go into lower-paying fields like receptionists, nurses and teachers while men gravitate to jobs like truck drivers, managers and software engineers. That said, Politifact also notes that it can be most meaningful to look at the gender pay gap in specific professions. The Institute for Women’s Policy Research calculated pay parity for the top 20 occupations for women and found gaps of varying sizes in every profession but one (bookkeeping, accounting and auditing clerks). Women nurses make 96 cents for every dollar men earn. But female financial advisers make only 66 cents.

One more piece of information to chew on: Last year I wrote about a survey by tech jobs site Dice that measured men’s and women’s pay in the technology sector. When it controlled for education and experience, Dice found there was also no evidence of a gender pay gap, when it controlled for education and experience. But Dice did find that women don’t take on the same jobs as men, and that overall, their education and experience levels are lower.

With all of that said, there is still a bottom line: Women earn more in some parts of the country than in others. To a large extent our list of the 10 top-paying cities for women reflects the cost of living in those spots.  Seven of the cities are in the Northeast and two are in the pricey Bay Area. The place where women earn closest to what men earn: San Francisco. Women’s salaries there are 84% of men’s.

Source: Forbes Business

 
Update
2

2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new co ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedie ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Turkish president slams New York Times over IS charges
Ankara, Sep 17 (IANS) Turkish President Recep Tayyip Erdogan Wednesday slammed The New York Times for its report claiming that Turkey is one of the major sources of recruitment of the Islamic State (IS) terrorist group, saying that some foreign media outlets are trying to depict Turkey as a country that supports terrorism.
 
 
Oxford experts test vaccine against Ebola
London, Sep 17 (IANS/EFE) Experts at England's University of Oxford Wednesday launched clinical trials of a vaccine against the Ebola virus, which has killed more than half of the over 4,700 people affected in West Africa.
 
 
Medical irregularities found in Joan Rivers' death: Report
Los Angeles, Sep 17 (IANS/EFE) The personal doctor of Joan Rivers is being investigated for the death of the popular American comedian and television host who died a week after undergoing a minor throat operation.
 
 
Ukraine unveils roadmap to implement EU deal
Kiev, Sep 17 (IANS) The Ukrainian government has approved a plan to implement the Association Agreement with the European Union (EU), Ukrainian Prime Minister Arseny Yatsenyuk said Wednesday.
 
 
 

Latest from the Network

Israel to allow transfer of materials for Gaza reconstruction
Ramallah, Sep 17 (IANS) A senior Palestinian official Wednesday said Israel will allow the transfer of construction materials into the Gaza Strip within two weeks under the supervision of the UN. Mohamed Mustafa,...
Read more on Politics Balla
 
Indian family seeks help to repatriate UAE accident victim
Dubai, Sep 17 (IANS) An Indian family has sought help to repatriate an accident victim lying in coma in a United Arab Emirates (UAE) hospital after the company he was working with refused to give details of his...
Read more on Politics Balla
 
King Richard III killed by blows to head: Study
London, Sep 17 (IANS) A new study has suggested King Richard III was probably killed by two blows to the head during a "sustained attack", BBC reported Wednesday. The remains of the English king, killed at the Battle...
Read more on Politics Balla
 
Explosion, gunfire heard in Nigerian college
Abuja, Sep 17 (IANS) An explosion followed by sporadic gunfire rocked the premises of the Federal College of Education in northwest Nigeria's Kano state Wednesday afternoon, residents who scampered to safety said. No...
Read more on Politics Balla
 
30 killed in Iraq violence
Baghdad, Sep 17 (IANS) At least 30 people were killed and 29 others wounded in clashes between security forces and Islamic State (IS) militants in western and eastern Iraq Wednesday, security sources said. In Iraq's...
Read more on Politics Balla
 
Jack Huston to star in Ben Hur remake
Jack Huston has been added to the cast of the 'Ben Hur' remake. The 'Boardwalk Empire' actor has been handed the titular character in Timur Bekmambetov's remake of the 1959 biblical movie, according to The Wrap. The...
Read more on Movie Balla
 
I Know What You Did Last Summer to remade
'I Know What You Did Last Summer' is going to remade. The 1997 horror movie focused on a group of teenagers who hit a man with their car and dispose of his body, before being faced by vengeful killer a year later. The...
Read more on Movie Balla
 
Three civilians killed in eastern Ukraine
Kiev, Sep 17 (IANS) At least three civilians died in eastern Ukraine over the past 24 hours as fighting between government forces and insurgents continued, authorities said Wednesday. In Donetsk, two people were...
Read more on Politics Balla
 
Toll in Nigeria building collapse hits 70
Abuja, Sep 17 (IANS) The toll in a building collapse at a church complex in Nigeria's commercial capital Lagos reached 70 Wednesday, a spokesman of the National Emergency Management Agency (NEMA) said in the latest...
Read more on Politics Balla
 
Family of accidentally killed Indian-origin girl seeks justice
Sydney, Sep 17 (IANS) Days after an Indian-origin teenager was killed in Sydney by an out of control car while she was waiting for a bus, her family has demanded justice. Nikul Patel, the father of Aneri Patel, 16,...
Read more on Politics Balla