Bay Area wages rose at a 4.7% annual pace in the first quarter, up from 2.8% in the previous quarter, while Southern Californians received 4.5% raises during this period.
Southern California's pay hikes were down from 5% in the previous quarter, indicating a shift in wage trends. Despite technology job cuts, salaries remained steady for many workers in California.
Nationwide, the typical US worker received a 4.3% pay hike in the first quarter. Miami led with a 7.1% increase, while Phoenix had the lowest at 2.8%. Southern California outpaced national raises in 33 of the last 36 quarters.
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