Metros with "Most Six-Figure Earners" - DSM #17

Discussion in 'Off-Topic' started by capitalcityguy, Dec 17, 2018.

  1. capitalcityguy

    capitalcityguy Well-Known Member

    Jun 14, 2007
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    Thought this was interesting. Always good to offer ISU alums opportunities close to the university as possible.

    Only 4 cities listed in the Midwest: Minneapolis (top ten), Madison #16 followed by Des Moines, and then Chicago at #23.

    Full article:

    https://smartadvisormatch.com/data/places-with-most-six-figure-earners-2018-edition
     
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  2. EnhancedFujita

    EnhancedFujita Well-Known Member

    Jan 28, 2013
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    Wouldn't a more interesting analysis be to take this info and look at the income ratio to cost of living. The article even acknowledges that there is a big difference in making $100,000 in the costs versus more affordable places. I'd be willing to be this map would flip with that kind of analysis.
     
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  3. CYdTracked

    CYdTracked Well-Known Member

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    Des Moines is home to a lot of insurance and banking headquarters so it's not too surprising since executives and higher level positions in those companies are usually compensated fairly well. The % vs the # of returns is where you see some difference as while % wise we rank up there the number or returns Minneapolis is about 2% more than DSM but their returns of over 100k are still about 102k more than the overall returns for all of DSM too so a lot more jobs in that market than ours. DSM is the smallest market on that list too so the numbers can be a little more skewed when you have more diversity in the job market in the other larger metro areas.
     
  4. capitalcityguy

    capitalcityguy Well-Known Member

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    Yeah...it does seem to confirm the general understanding that Des Moines as a white collar city.
     
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  5. Sigmapolis

    Sigmapolis Well-Known Member
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  6. Cyclonepride

    Cyclonepride Thought Police
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    Where do we stand for us 7 figure earners :cool:?
     
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  7. coyoteclone

    coyoteclone Active Member

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    Cost of living, mild traffic, low crime, great schools, affordable housing......all factors a coach at Iowa State will consider when another school dangles cash in their faces.
     
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  8. isuno1fan

    isuno1fan Well-Known Member

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    Des Moines is simply one of the best places to live when you take all factors into consideration. No other place I’d rather be.
     
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  9. EnhancedFujita

    EnhancedFujita Well-Known Member

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    You don't count the figures after the decimal point...:D
     
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  10. EnhancedFujita

    EnhancedFujita Well-Known Member

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    I could do with a little less wind and bitter cold, but it's a pretty fair trade off all things considered.
     
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  11. runbikeswim

    runbikeswim Well-Known Member

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    this study is ambiguous to me. It just says tax returns showing income over $100,000....Given that these %s are way in the 20s and 30s, this data has to be based on total return (including couples) data. Most data I have seen puts the 100K in the single digits.
     
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  12. Cyclonepride

    Cyclonepride Thought Police
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    Damn it.
     
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  13. guacamole7

    guacamole7 Member

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    There is 0 chance that Des Moines has more 6 digit earners than Chicago. Think about that for a second. If it's a %, then that makes sense but raw numbers there is no chance. Chicago probably has more 6 digit earners than the entire population of Des Moines.
     
  14. cycloneG

    cycloneG Well-Known Member

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    #14 cycloneG, Dec 17, 2018
    Last edited: Dec 17, 2018
    It's percentage of total returns. The quote in the OP's post even mentions this.

     
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  15. capitalcityguy

    capitalcityguy Well-Known Member

    Jun 14, 2007
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    Read the article. They give their methodology.
     
  16. aeroclone

    aeroclone Well-Known Member

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    It is noted in the article that they look at returns filed, so a couple filing jointly would count as a single return. In a couple of the city level write ups they even mention the breakdown of how many 100k returns were joint versus single.
     
  17. Cycsk

    Cycsk Well-Known Member
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    I wonder where Ames is ranked. There are so many double income professional households. I know it used to be very high on "per capita household income."
     
  18. BCClone

    BCClone Well-Known Member

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    Will The quality of life take a hit without the Hyvee classic?
     
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  19. capitalcityguy

    capitalcityguy Well-Known Member

    Jun 14, 2007
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    I'm guessing the study has a metro population cutoff and thus Ames was too small.
     
  20. Nelcyn

    Nelcyn Active Member

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    That is a cool statistic. I would say that 100k still doesn't get you as far as you would imagine especially if you consider daycare costs, college debt, food, insurance, property taxes, new car, and a gigantic mortgage. I can't complain, but something is still very wrong at the root level, like federal taxes, full-time politicians, body guards, etc...
     
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