Personal income stats: older cities in the East & Midwest are rebounding

from Switchboard, from NRDC › Kaid Benfield’s Blog by Kaid Benfield

  Inner Harbor, Baltimore (by: Kevin Labianco, creative commons license)

Throw out those old notions that the sprawling regions of the Sun Belt are where the economic action is, while traditional regions in the Northeast and West have had their day and will only lose traction from here on.  The facts show that eastern and midwestern metro areas with older, more traditional central cities claimed the biggest gains in personal income in the last decade, while boom-and-bust newer areas showed more evidence of slide.  Personal income per capita for various regions remains all over the place (as does the cost of living), but the years 2000-2009 were much kinder to some places than others in the changes they brought. 

Your top ten metro areas with the biggest personal income gain per capita:

  1. Baltimore   9.7%
  2. Pittsburgh   8.2%
  3. Washington   5.0%
  4. Philadelphia   4.6%
  5. St. Louis   4.4%
  6. Milwaukee   4.2%
  7. Los Angeles   3.5%
  8. Houston   3.2%
  9. Cleveland   2.5%
  10. Chicago   2.3%


https://rss.nrdcfeeds.org/~r/switchboard_kbenfield/~3/6af1w3fynos/personal_income_stats_older_ci.htmloldId.20110207185509678

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