SmartAsset evaluated 348 U.S. cities on job market metrics influenced by local economies. Bend, OR ranked as the best with a 3.1% unemployment rate and 44.2% income growth. Richmond, VA followed closely, with a 50% increase in average earnings over three years. Olathe, KS holds the lowest unemployment rate at 1.27%, while Santa Clara, CA offers significant health insurance coverages for workers, ranking sixth overall. These metrics are crucial for job seekers aiming for financial success and work-life balance. Responses to job markets are shaped by economic, geographic, and personal factors.
The job market in Bend, OR ranks number one, characterized by 3.1% unemployment and 44.2% income growth over three years, with an average commute of 16 minutes.
In Richmond, VA, average worker earnings have increased by 50%, with median earnings climbing from $31,072 in 2019 to $46,443 in 2023, making it the third-best market.
Olathe, KS has the lowest unemployment rate at 1.27% in 2023. Median earnings rank high at $50,868, despite slower income growth of 11% between 2020 and 2023.
Santa Clara, CA ranks as the sixth-best job market, offering 88.6% of workers private health insurance through employers, ensuring substantial coverage for residents.
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