Topline Let's start with 2023's fourth quarter. Southern California wages rose at a 5% annual rate the No. 2 hike among the 15 markets. The Bay Area's 2.8% gain was the lowest of the 15.
Details This north-south gap is part of a somewhat recent trend that's taken a sharp turn since the coronavirus retooled job markets. Southern California pay hikes averaged 5.1% in 2020 through 2023 (No. 1 of the 15) vs. Bay Area 3.8% (No. 13). Raises ran 4.2% nationally.
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