The PayScale Index (US): Trends in Compensation

2012: The party scene in Miami may be hot, but the wage growth remains lukewarm. Wages in Miami stayed essentially flat in Q1 2012, ending the quarter up 0.3 percent year-over-year.

2007-2011: Miami-area wages enjoyed fast growth, outpacing national averages in 2007 and rising more than 4 percent by the end of 2007, compared to 2006. However, throughout 2008, compensation barely grew in Miami and declined sharply through the middle of 2009.

After a slightly positive trend during most of 2010, the year ended on a low note, with wages down about 1 percent year-over-year, erasing all positive gains. 2011 brought healthy gains though wages in Miami still lagged far behind their pre-recession peak.

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The Miami Metro Area includes people in Miami, Fla.; Fort Lauderdale, Fla.; Pompano Beach, Fla.; West Palm Beach, Fla.; Boca Raton, Fla.; Boynton Beach, Fla.; Miami Beach, Fla.; Kendall, Fla.; Deerfield Beach, Fla.; and the surrounding areas.

The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The PayScale Index uses 2006 average total cash compensation as a baseline.

See full methodology for compensation trend reports.

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