3 cities with the fastest growing incomes are in the South

The South might be known for a slow, Southern style, but personal income is growing fast in the region. The Bureau of Economic Analysis recently released its report on real personal income — in simple terms, the income after taking into consideration the effects of inflation on purchasing power — for states and metropolitan areas. The top three metropolitan areas for real personal income growth are in the Southern U.S.

Click to see 10 effects of inflation — and how to protect your money now.

The three top-ranking metropolitan areas — defined asa population greater than 2 million — with the fastest growth in real personal income were:

  • Atlanta-Sandy Springs-Roswell, Ga. (3.4 percent)
  • Orlando-Kissimmee-Sanford, Fla. (3.3 percent)
  • Charlotte-Concord-Gastonia, N.C. and S.C. (3.2 percent)

In comparison, in 2016, the most recent reported year, real state personal income across the nation grew by 1.1 percent, after increasing 4.7 percent in 2015.

RELATED: Major cities with the worst quality of life

23 PHOTOS
Major cities with the worst quality of life
See Gallery
Major cities with the worst quality of life

23. Addis Ababa, Ethiopia — The capital city is going through a building boom, but many of its citizens are suffering from extreme poverty.

Photo Credit: Getty 

22. Harare, Zimbabwe — Zimbabwe is in the midst of unprecedented upheaval following the retirement of its longtime leader Robert Mugabe, and Harare remains a highly volatile city.

Photo credit: STEFAN HEUNIS/AFP/Getty Images

21. Ashgabat, Turkmenistan — Blighted by chronic water shortages, Ashgabat is an exceptionally hard place to live at times.

Photo Credit: Reuters

20. Lagos, Nigeria — Africa's largest city, Lagos has huge gulfs between its rich and its poor, with many Nigerians wealthy from the oil industry living right next to those in poverty.

Photo Credit: Getty 

19. Abuja, Nigeria — Nigeria's capital faces similar problems to Lagos and suffers from high crime rates from intercommunal violence.

Photo Credit: Getty 

18. Dushanbe, Tajikistan — Dushanbe has become mildly more livable in the past year, according to Mercer, but the city still has major problems with both poverty and energy shortages.

Photo Credit: Getty 

17. Ouagadougou, Burkina Faso — Safety is a major problem in the West African capital, with terrorist attacks a constant threat. Just last month 16 people were killed and 80 were wounded in an attack on the city.

Photo Credit: Getty 

16. Dhaka, Bangladesh — One of the most populous cities on the planet, Bangladesh's capital is incredibly poor and suffers from frequent environmental issues, including widespread flooding.

Photo Credit: Getty 

15. Antananarivo, Madagascar — Madagascar may be known for its natural beauty and abundant species of flora and fauna, but its capital city is a slightly different story. Crime is rife, and political instability is a major issue.

Photo Credit: Getty 

14. Tripoli, Libya — Following the collapse of the Gadhafi government in 2011, Libya's capital has been highly unstable and was carved up by two rival warlords in 2015. It is also a major hub for refugees trying to enter Europe.

Photo Credit: Getty 

13. Niamey, Niger — Governmental corruption and local poverty are rampant in Niger's capital, which is a major stronghold for Islamist terrorism in the region.

 REUTERS/Joe Penney 

12. Bamako, Mali — Bordering Niger, Bamako is another African city plagued with societal issues. It has grown rapidly in recent years, which has exacerbated issues like poverty.

Photo Credit: Getty 

11. Nouakchott, Mauritania — Mauritania's capital, Nouakchott, is one of few major cities located in the Sahara.

Photo Credit: Getty 

10. Conakry, Guinea — Situated on the Atlantic Ocean, Conakry is home to more than 1.6 million people and growing.

 REUTERS/Luc Gnago

9. Kinshasa, Democratic Republic of Congo — Located on the Congo River, Kinshasa has a turbulent history and has huge issues with infrastructure. Widespread blackouts are common in the city of more than 11 million people.

 REUTERS/Goran Tomasevic

8. Brazzaville, Congo — Across the river from Kinshasa, Brazzaville faces many similar issues. In recent years, government corruption has triggered huge protests in the city.

Photo Credit: Getty 

7. Damascus, Syria — After nearly a decade of civil war, it is unsurprising that the quality of life in Syria's capital is low. The threat of military strikes looms large at all times.

REUTERS/Omar Sanadiki

6. N'Djamena, Chad — The city in one of the world's poorest countries has suffered at the hands of the militant Islamist group Boko Haram. Just this week the group killed three Chadian soldiers.

REUTERS/Emma Farge 

5. Khartoum, Sudan — Sudan's capital is a hotbed for ISIS recruitment in North Africa, and it also suffers major infrastructure issues. This month there has been a major fuel shortage in the city.

Photo Credit: Getty 

4. Port Au Prince, Haiti — Eight years on from the earthquake that tore Haiti apart, the country's capital is yet to recover, much of the city is plagued by deadly gang violence, and poverty is widespread.

 Photo credit: HECTOR RETAMAL/AFP/Getty Images

3. Sana'a, Yemen — Like Damascus, Yemen's capital is ravaged by a brutal civil war. A recent outbreak of cholera has compounded Yemen's problems, with more than 1 million people affected by the disease.

 REUTERS/Ammar Awad 

2. Bangui, Central African Republic — Since becoming independent from France in 1960, the CAR has been highly unstable. Violent sectarian clashes erupt regularly in the area.

 REUTERS/Baz Ratner

1. Baghdad, Iraq — Baghdad remains the major city with the worst quality of life globally. It has suffered severe infrastructural damage from several wars and continual violence. It continues to face threats from ISIS.

 REUTERS/Abdullah Dhiaa Al-deen 

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Beyond the draw of temperate year-round climates, residents of the three metropolitan areas reap the benefits of a relatively low cost of living with median household incomes that hover around or exceed the national median of $57,617. Here’s a closer look at the three leading metro areas:

Atlanta-Sandy Springs-Roswell, Ga.

  • Population: 5,790,210 
  • Median age: 36.2 
  • Median household income: $62,613 
  • Median value of owner-occupied housing units: $197,700
  • Mean travel time to work: 32.1 minutes
  • Average yearly temperature: 61.5 degrees 
  • Cost of living: 9th lowest in the nation 

Orlando-Kissimmee-Sanford, Fla.

  • Population: 2,441,257 
  • Median age: 37
  • Median household income: $52,385  
  • Median value of owner-occupied housing units: $201,600 
  • Mean travel time to work: 28.7 minutes  
  • Average yearly temperature: 72.6 degrees
  • Cost of living: 26th lowest in the nation 

Charlotte-Concord-Gastonia, N.C. and S.C.

  • Population: 2,474,314 
  • Median age: 37.4 
  • Median household income: $59,979 
  • Median value of owner-occupied housing units: $188,100 
  • Mean travel time to work: 26.5 minutes 
  • Average yearly temperature: 60.12 degrees 
  • Cost of living: North Carolina is 18th and South Carolina is 28th lowest in the nation 

The results show that you don’t have to sacrifice living in a bustling metropolis in your search for the best place to live on a budget. In Atlanta-Sandy Springs-Roswell, Ga.; Orlando-Kissimmee-Sanford, Fla.; and Charlotte-Concord-Gastonia, NC. and S.C., salaries stretch a little further thanks to costs of living that are below the national average and housing that’s affordable. With a little more money in your pocket, you’ll be able to get out and enjoy more of what each thriving city has to offer.   

Click to keep reading about 31 cities where you can afford to live off less than $50,000.

This article originally appeared on GOBankingRates.com: The 3 Cities With the Fastest Growing Incomes Are in the South

Read Full Story