Midwest Economy

MillerTime · October 2nd, 2007, 05:50 PM

I saw these threads in the United States urban issues and thought i would bring it over here to discuss the Midwests economy...

15 Largest Metropolitan Economies of The United States
New York-Newark-Bridgeport, NY-NJ-CT-PA (CSA) $1,208.1 Billion
Los Angeles-Long Beach-Riverside, CA (CSA) $733.9 Billion
Chicago-Naperville-Michigan City, IL-IN-WI (CSA) (89176) $467.2 Billion
Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (CSA) $465.6 Billion
San Jose-San Francisco-Oakland, CA (CSA) $437.2 Billion
Boston-Worcester-Manchester, MA-RI-NH (CSA) $339.1 Billion
Dallas-Ft Worth, TX (CSA) $318.3 Billion
Houston-Baytown-Huntsville, TX (CSA) $316.3 Billion
Philadelphia-Camden-Vineland, PA-NJ-DE-MD (CSA) $312.6 Billion
Atlanta-Sandy Springs-Gainesville, GA-AL (CSA) $242.3 Billion
Detroit-Warren-Flint, MI (CSA) $233.4 Billion
Miami-Fort Lauderdale-Pompano Beach, FL (MSA) $231.8 Billion
Seattle-Tacoma-Olympia, WA (CSA) $201.3 Billion
Minneapolis-St. Paul-St. Cloud, MN-WI (CSA) $186.1 Billion
Phoenix-Mesa-Scottsdale, AZ (MSA) $160.0 Billion

15 Largest Metropolitan Economies of The United States, by Per Capita GDP
San Jose-San Francisco-Oakland, CA (CSA) $60,908
Houston-Baytown-Huntsville, TX (CSA) $58,004
Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (CSA) $57,072
New York-Newark-Bridgeport, NY-NJ-CT-PA (CSA) $55,003
Minneapolis-St. Paul-St. Cloud, MN-WI (CSA) $53,708
Dallas-Ft Worth, TX (CSA) $51,554
Seattle-Tacoma-Olympia, WA (CSA) $51,286
Philadelphia-Camden-Vineland, PA-NJ-DE-MD (CSA) $49,095
Chicago-Naperville-Michigan City, IL-IN-WI (CSA) (89176) $48,344
Atlanta-Sandy Springs-Gainesville, GA-AL (CSA) $45,682
Boston-Worcester-Manchester, MA-RI-NH (CSA) $45,454
Detroit-Warren-Flint, MI (CSA) $43,086
Miami-Fort Lauderdale-Pompano Beach, FL (MSA) $42,735
Los Angeles-Long Beach-Riverside, CA (CSA) $41,604
Phoenix-Mesa-Scottsdale, AZ (MSA) $41,258

According to the US Census Bureau 2006 Community Survey

Metro Area/ Number of Families earning $200,000+ Annually
New York-Newark-Bridgeport, NY-NJ-CT-PA CSA 473,318
Los Angeles-Long Beach-Riverside, CA CSA 239,970
Washington-Baltimore-Northern Virginia, DC-MD-VA-WV CSA 202,546
San Jose-San Francisco-Oakland, CA CSA 182,899
Chicago-Naperville-Michigan City, IL-IN-WI CSA 142,383
Boston-Worcester-Manchester, MA-NH CSA 108,782
Philadelphia-Camden-Vineland, PA-NJ-DE-MD CSA 89,999
Dallas-Fort Worth, TX CSA 81,931
Atlanta-Sandy Springs-Gainesville, GA-AL CSA 71,165
Houston-Baytown-Huntsville, TX CSA 70,905
Miami-Fort Lauderdale-Miami Beach, FL Metro Area 66,474
Detroit-Warren-Flint, MI CSA 56,059
Seattle-Tacoma-Olympia, WA CSA 52,630
Minneapolis-St. Paul-St. Cloud, MN-WI CSA 48,982
San Diego-Carlsbad-San Marcos, CA Metro Area 46,836
Denver-Aurora-Boulder, CO CSA 44,042
Phoenix-Mesa-Scottsdale, AZ Metro Area 42,881
St. Louis-St. Charles-Farmington, MO-IL CSA 27,467
Cleveland-Akron-Elyria, OH CSA 26,568
Sacramento--Arden-Arcade--Truckee, CA-NV CSA 26,507
Charlotte-Gastonia-Salisbury, NC-SC CSA 24,820
Cincinnati-Middletown-Wilmington, OH-KY-IN CSA 22,877
Portland-Vancouver-Beaverton, OR-WA Metro Area 24,674
Pittsburgh-New Castle, PA CSA 21,444
Austin-Round Rock, TX Metro Area 21,372
Kansas City-Overland Park-Kansas City, MO-KS CSA 21,105
Orlando-The Villages, FL CSA 20,881

Regions
2005 to 2006 real median incomes of households in the nation’s four regions
West $52,200
Northeast $52,100
Midwest $47,800
South $43,900

The anti-cheesehead · October 2nd, 2007, 07:26 PM

Nevermind the midwest, I'm still impressed that the (arguably) financial capital of the world, the energy capital of the United States, one of the technology capitals of the world, and the headquarter city of the most powerful country in the world are the only places ahead of Minneapolis/St. Paul in per capita GDP. Very, very impressive for a cold little city up in the middle of nowhere.

vgmLiquid · October 2nd, 2007, 09:47 PM

I am a little confused as to how the 15 largest economies in the united states are being measured. I'm not saying I think Minneapolis should be higher up on the list, I'm just saying that UnitedHealth Group, Cargill, and Target (all minneapolis metro based) generate more revenue per year than indicated. If someone could clarify what is going on with the list besides its GDP that would be great.

anti-cheesehead...keep in mind we have the 4th largest number of fortune 500s in the country so if we didn't do well on a per-capita basis then we know we are in trouble.

http://www.marketwatch.com/news/stor...&dist=hplatest

Another list to look at according to marketwatch. The numbers on the right are based on their criteria rankings.

Rank Metro area Score
1 Minneapolis-St. Paul 329
2 Denver 291
3 Richmond, Va. 287
4 Boston 283
5 Charlotte, N.C. 272
6 Nashville, Tenn. 263
7 Washington 261
8 New York 249
9 Birmingham, Ala. 248
10 San Francisco 247
11 (tie) Houston 245
Salt Lake City 245
13 Dallas 240
14 Columbus, Ohio 237
15 Atlanta 235
16 (tie) Kansas City, Mo. 233
Raleigh, N.C. 233
18 Milwaukee 226
19 St. Louis 225
20 Jacksonville, Fla. 216
21 Seattle 214
22 Cleveland 209
23 Chicago 208
24 Pittsburgh 207
25 Memphis, Tenn. 205
26 San Diego 199
27 Oklahoma City 198
28 Indianapolis 197
29 Providence, R.I. 195
30 Tampa-St. Petersburg, Fla. 192
31 Austin, Texas 191
32 Cincinnati 188
33 Portland, Ore. 185
34 Baltimore 183
35 Phoenix 182
36 Philadelphia 181
37 Orlando, Fla. 180
38 Miami 173
39 Louisville, Ky. 172
40 Hartford, Conn. 166
41 Las Vegas 161
42 Virginia Beach-Norfolk, Va. 157
43 San Antonio 153
44 Detroit 139
45 Los Angeles 137
46 Sacramento, Calif. 128
47 Buffalo, N.Y. 125
48 Tucson, Ariz. 120
49 Rochester, N.Y. 114
50 New Orleans 76

The anti-cheesehead · October 2nd, 2007, 09:57 PM

Quote:

Originally Posted by vgmLiquid

anti-cheesehead...keep in mind we have the 4th largest number of fortune 500s in the country so if we didn't do well on a per-capita basis then we know we are in trouble.

I know we do, but I still would've never ever guessed that our numbers on a per capita basis would be anywhere near economic hyperpower areas like NY/NJ/CT and the Bay Area.

Take a look at a list of NYC and Bay Area F500 companies and it seems even more impressive.

UrbanRenaissance · October 3rd, 2007, 09:58 PM

Midwest Economy facts:

The Midwest has the highest employment to population ratio

Detroit is the number one exporting metro region in the US.

Detroit is the most active commercial port.

The question of how the economies are measured is a good one. GDP includes consumption so its not a comparison of output.

Gov't employment for Washington, DC metro is not real GDP.
And banks are not real economic output either, they depend on the the output of others.

The revenue from just one of the Big Three auto makers is more than all the companies in Washington/Baltimore.

Jesse276 · October 3rd, 2007, 10:33 PM

Quote:

Originally Posted by UrbanRenaissance

Midwest Economy facts:

The Midwest has the highest employment to population ratio

Detroit is the number one exporting metro region in the US.

Detroit is the most active commercial port.

The question of how the economies are measured is a good one. GDP includes consumption so its not a comparison of output.

Gov't employment for Washington, DC metro is not real GDP.
And banks are not real economic output either, they depend on the the output of others.

The revenue from just one of the Big Three auto makers is more than all the companies in Washington/Baltimore.

Pointless statistics.

October 2nd, 2007, 05:50 PM	#1
MillerTime MillerTime Join Date: Oct 2005 Location: Minneapolis, MN - Dallas, TX - Chicago, IL - Phoenix, AZ - Madison, WI - San Diego, CA Posts: 172 Likes (Received): 0	Midwest Economy I saw these threads in the United States urban issues and thought i would bring it over here to discuss the Midwests economy... 15 Largest Metropolitan Economies of The United States New York-Newark-Bridgeport, NY-NJ-CT-PA (CSA) $1,208.1 Billion Los Angeles-Long Beach-Riverside, CA (CSA) $733.9 Billion Chicago-Naperville-Michigan City, IL-IN-WI (CSA) (89176) $467.2 Billion Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (CSA) $465.6 Billion San Jose-San Francisco-Oakland, CA (CSA) $437.2 Billion Boston-Worcester-Manchester, MA-RI-NH (CSA) $339.1 Billion Dallas-Ft Worth, TX (CSA) $318.3 Billion Houston-Baytown-Huntsville, TX (CSA) $316.3 Billion Philadelphia-Camden-Vineland, PA-NJ-DE-MD (CSA) $312.6 Billion Atlanta-Sandy Springs-Gainesville, GA-AL (CSA) $242.3 Billion Detroit-Warren-Flint, MI (CSA) $233.4 Billion Miami-Fort Lauderdale-Pompano Beach, FL (MSA) $231.8 Billion Seattle-Tacoma-Olympia, WA (CSA) $201.3 Billion Minneapolis-St. Paul-St. Cloud, MN-WI (CSA) $186.1 Billion Phoenix-Mesa-Scottsdale, AZ (MSA) $160.0 Billion 15 Largest Metropolitan Economies of The United States, by Per Capita GDP San Jose-San Francisco-Oakland, CA (CSA) $60,908 Houston-Baytown-Huntsville, TX (CSA) $58,004 Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (CSA) $57,072 New York-Newark-Bridgeport, NY-NJ-CT-PA (CSA) $55,003 Minneapolis-St. Paul-St. Cloud, MN-WI (CSA) $53,708 Dallas-Ft Worth, TX (CSA) $51,554 Seattle-Tacoma-Olympia, WA (CSA) $51,286 Philadelphia-Camden-Vineland, PA-NJ-DE-MD (CSA) $49,095 Chicago-Naperville-Michigan City, IL-IN-WI (CSA) (89176) $48,344 Atlanta-Sandy Springs-Gainesville, GA-AL (CSA) $45,682 Boston-Worcester-Manchester, MA-RI-NH (CSA) $45,454 Detroit-Warren-Flint, MI (CSA) $43,086 Miami-Fort Lauderdale-Pompano Beach, FL (MSA) $42,735 Los Angeles-Long Beach-Riverside, CA (CSA) $41,604 Phoenix-Mesa-Scottsdale, AZ (MSA) $41,258 According to the US Census Bureau 2006 Community Survey Metro Area/ Number of Families earning $200,000+ Annually New York-Newark-Bridgeport, NY-NJ-CT-PA CSA 473,318 Los Angeles-Long Beach-Riverside, CA CSA 239,970 Washington-Baltimore-Northern Virginia, DC-MD-VA-WV CSA 202,546 San Jose-San Francisco-Oakland, CA CSA 182,899 Chicago-Naperville-Michigan City, IL-IN-WI CSA 142,383 Boston-Worcester-Manchester, MA-NH CSA 108,782 Philadelphia-Camden-Vineland, PA-NJ-DE-MD CSA 89,999 Dallas-Fort Worth, TX CSA 81,931 Atlanta-Sandy Springs-Gainesville, GA-AL CSA 71,165 Houston-Baytown-Huntsville, TX CSA 70,905 Miami-Fort Lauderdale-Miami Beach, FL Metro Area 66,474 Detroit-Warren-Flint, MI CSA 56,059 Seattle-Tacoma-Olympia, WA CSA 52,630 Minneapolis-St. Paul-St. Cloud, MN-WI CSA 48,982 San Diego-Carlsbad-San Marcos, CA Metro Area 46,836 Denver-Aurora-Boulder, CO CSA 44,042 Phoenix-Mesa-Scottsdale, AZ Metro Area 42,881 St. Louis-St. Charles-Farmington, MO-IL CSA 27,467 Cleveland-Akron-Elyria, OH CSA 26,568 Sacramento--Arden-Arcade--Truckee, CA-NV CSA 26,507 Charlotte-Gastonia-Salisbury, NC-SC CSA 24,820 Cincinnati-Middletown-Wilmington, OH-KY-IN CSA 22,877 Portland-Vancouver-Beaverton, OR-WA Metro Area 24,674 Pittsburgh-New Castle, PA CSA 21,444 Austin-Round Rock, TX Metro Area 21,372 Kansas City-Overland Park-Kansas City, MO-KS CSA 21,105 Orlando-The Villages, FL CSA 20,881 Regions 2005 to 2006 real median incomes of households in the nation’s four regions West $52,200 Northeast $52,100 Midwest $47,800 South $43,900

October 2nd, 2007, 07:26 PM	#2
The anti-cheesehead Registered User Join Date: Jul 2004 Location: City of Minneapolis Posts: 3,028 Likes (Received): 0	Nevermind the midwest, I'm still impressed that the (arguably) financial capital of the world, the energy capital of the United States, one of the technology capitals of the world, and the headquarter city of the most powerful country in the world are the only places ahead of Minneapolis/St. Paul in per capita GDP. Very, very impressive for a cold little city up in the middle of nowhere. __________________ Minneapolis *AND* St. Paul: pop. 669,769 in 108 sq. miles

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October 2nd, 2007, 09:47 PM	#3
vgmLiquid Registered User Join Date: Dec 2005 Location: Minneapolis Posts: 258 Likes (Received): 0	I am a little confused as to how the 15 largest economies in the united states are being measured. I'm not saying I think Minneapolis should be higher up on the list, I'm just saying that UnitedHealth Group, Cargill, and Target (all minneapolis metro based) generate more revenue per year than indicated. If someone could clarify what is going on with the list besides its GDP that would be great. anti-cheesehead...keep in mind we have the 4th largest number of fortune 500s in the country so if we didn't do well on a per-capita basis then we know we are in trouble. http://www.marketwatch.com/news/stor...&dist=hplatest Another list to look at according to marketwatch. The numbers on the right are based on their criteria rankings. Rank Metro area Score 1 Minneapolis-St. Paul 329 2 Denver 291 3 Richmond, Va. 287 4 Boston 283 5 Charlotte, N.C. 272 6 Nashville, Tenn. 263 7 Washington 261 8 New York 249 9 Birmingham, Ala. 248 10 San Francisco 247 11 (tie) Houston 245 Salt Lake City 245 13 Dallas 240 14 Columbus, Ohio 237 15 Atlanta 235 16 (tie) Kansas City, Mo. 233 Raleigh, N.C. 233 18 Milwaukee 226 19 St. Louis 225 20 Jacksonville, Fla. 216 21 Seattle 214 22 Cleveland 209 23 Chicago 208 24 Pittsburgh 207 25 Memphis, Tenn. 205 26 San Diego 199 27 Oklahoma City 198 28 Indianapolis 197 29 Providence, R.I. 195 30 Tampa-St. Petersburg, Fla. 192 31 Austin, Texas 191 32 Cincinnati 188 33 Portland, Ore. 185 34 Baltimore 183 35 Phoenix 182 36 Philadelphia 181 37 Orlando, Fla. 180 38 Miami 173 39 Louisville, Ky. 172 40 Hartford, Conn. 166 41 Las Vegas 161 42 Virginia Beach-Norfolk, Va. 157 43 San Antonio 153 44 Detroit 139 45 Los Angeles 137 46 Sacramento, Calif. 128 47 Buffalo, N.Y. 125 48 Tucson, Ariz. 120 49 Rochester, N.Y. 114 50 New Orleans 76

October 3rd, 2007, 09:58 PM	#5
UrbanRenaissance UrbanRenaissance Join Date: Jul 2005 Posts: 105 Likes (Received): 0	Midwest Economy facts: The Midwest has the highest employment to population ratio Detroit is the number one exporting metro region in the US. Detroit is the most active commercial port. The question of how the economies are measured is a good one. GDP includes consumption so its not a comparison of output. Gov't employment for Washington, DC metro is not real GDP. And banks are not real economic output either, they depend on the the output of others. The revenue from just one of the Big Three auto makers is more than all the companies in Washington/Baltimore.