Skyscraper City Forum banner
1 - 14 of 14 Posts

·
Buffalo's Worst Nightmare
Joined
·
1,944 Posts
Discussion Starter · #1 ·
Biz Journals just did a study ranking the 100 largest metros in the US on income growth over the past 25 years.

Here is the list of metros

http://www.bizjournals.com/specials/pages/92.html


1. Birmingham
2. Bridgeport-Stamford, Conn.
3. San Diego
4. Baltimore
5. Charleston, S.C.
6. Boston
7. San Francisco - Oakland
8. Nashville
9. Cape Coral - Ft. Myers, Fla.
10. Madison, Wis.
11. Omaha, Neb.
12. El Paso, Texas
13. Jackson, Miss.
14. Oxnard - Thousand Oaks, Calif.
15. Houston
16. Oklahoma City
17. Philadelphia
18. Washington
19. Pittsburgh

20. San Jose
21. Denver
22. Charlotte
23. Virginia Beach - Norfolk
24. Little Rock, Ark.
25. Providence
26. Tulsa, Okla.
27. Salt Lake City
28. Colorado Springs, Colo.
29. Jacksonville
30. Dew Moines, Iowa
31. Memphis
32. Worcester, Mass.
33. Minneapolis - St. Paul
34. Lakeland, Fla.
35. Portland Maine
36. Boise, Idaho
37. Baton Route, La.
38. Austin
39. San Antonio
40. Seattle
41. Milwaukee
42. Louisville
43. Indianapolis
44. Sarasota - Bradenton, Fla.
45. Sacramento
46. Chattanooga, Tenn.
47. Scranton - Wilkes-Barre, Pa.
48. New York City

49. Columbia, S.C.
50. Albany, N.Y.
51. Richmond
52. Tampa - St. Petersburg
53. Cincinnati
54. Ogden, Utah
55. Deltona - Daytona Beach, Fla.
56. Tucson, Ariz.
57. Las Vegas
58. Columbus
59. Springfield, Mass.
60. Palm Bay - Melbourne, Fla.
61. Albuquerque, N.M.
62. Miami - Ft. Lauderdale
63. Hartford
64. Orland
65. Harrisburg, PA
66. Kansas City
67. Knoxville, Tenn.
68. Augusta, Ga.
69. Wichita, Kan.
70. McAllen-Edinburg, Texas
71. New Haven, Conn.
72. Akron, Ohio
73. Buffalo
74. Phoenix
75. Portland, Ore.
76. St. Louis
77. Dallas - Ft. Worth
78. Chicago
79. Grand Rapids, Mich.
80. Detroit
81. Greenville, S.C.
82. Los Angeles
83. Honolulu, Hawaii
84. Syracuse, N.Y.
85. Allentown - Bethlehem, PA
86. Raleigh, N.C.
87. Poughkeepsie, N.Y.
88. Greensboro - High Point, N.C.
89. Cleveland
90. Atlanta
91. Rochester
92. Dayton, Ohio
93. Modesto, Calif.
94. Toledo, Ohio
95. Youngstown, Ohio
96. Fresno, Calif.
97. Riverside - San Bernardino, Califo.
98. Bakersfield, Calif.
99. Stockton, Calif.
100. New Orleans.

so we had 7 in the top quartile, 5 in the 2nd highest quartile, 5 in the 2nd lowest quartile and 4 in the lowest quartile... not bad!


Northeast Metros ranked by Per Capita Personal Income (2005)

1. Bridgeport-Stamford Conn. $67,269
2. Washington $48,697
3. Boston $47,168
4. New York City $45,268
5. Hartford $42,369
6. Baltimore $41,320
7. Philadelphia $40,727
8. New Haven, Conn. $39,292
9. Worcester, Mass. $36,851
10. Pittsburgh $36,530
11. Albany, N.Y. $35,590
12. Harrisburg, PA $35,188
13. Providence $35,025
14. Portland, Maine $34,986
National $34,426
15. Rochester $33,857
16. Allentown - Bethlehem, PA $33,808
17. Poughkeepsie N.Y. $33,647
18. Springfield, Mass. $32,678
19. Buffalo $32,071
20. Syracuse, N.Y. $31,195
21. Scranton - Wilkes-Barre, PA $30,547

2/3 of these metros are above the national average!


Main article:
http://www.bizjournals.com/edit_special/52.html?page=2

Methodology:
http://www.bizjournals.com/specials/pages/97.html

Biz Journals profiled the top 10. The Northeast had 3 metros in the Top 10:

2. Bridgeport-Stamford, Conn.

Southwestern Connecticut is far and away the most affluent region in America. Its per capita income of $67,269 puts it nearly $15,000 ahead of the runner-up, San Francisco-Oakland. Income growth has generally been steady, though there was a downward hiccup between 2001 and 2003.

Per capita income:
2005: $67,269
2000: $58,977
1990: $34,300
1980: $15,068

Income growth:
2000-2005: 14.1%
1990-2005: 96.1%
1980-2005: 346.4%

Growth score: 37.09 points

Metro population (2006): 900,440
Annual rate of population growth (2000-2006): 0.3%
Metro employment (March 2007): 415,600
Employment growth (2006-2007): 1.7%



4. Baltimore

The Baltimore area has experienced steady (though unexciting) increases in population and employment. But its record of income growth is much more impressive, reflecting the expansion of high-tech industries in suburban Baltimore. PCI is now over $40,000 for the first time.

Per capita income:
2005: $41,320
2000: $33,293
1990: $21,798
1980: $11,023

Income growth:
2000-2005: 24.1%
1990-2005: 89.6%
1980-2005: 274.9%

Growth score: 28.17 points

Metro population (2006): 2,658,405
Annual rate of population growth (2000-2006): 0.6%
Metro employment (March 2007): 1,297,700
Employment growth (2006-2007): 0.3%



6. Boston


Boston's economy stalled out for awhile after 9/11, but it's back on the right track again. PCI has jumped by $4,300 during the past two years alone. And the long-term record is even better. Only Bridgeport-Stamford has a faster income-growth rate than Boston since 1980.

Per capita income:
2005: $47,168
2000: $41,433
1990: $24,702
1980: $11,044

Income growth:
2000-2005: 13.8%
1990-2005: 90.9%
1980-2005: 327.1%

Growth score: 25.88 points

Metro population (2006): 4,455,217
Annual rate of population growth (2000-2006): 0.2%
Metro employment (March 2007): 2,447,300
Employment growth (2006-2007): 1.2%



The Northeast also profiled the Bottom 10... thankfully we only had one metro in the Bottom 10:

91. Rochester

Rochester has weathered extensive layoffs at its major employers, Eastman Kodak and Xerox. Local employment has actually increased during the past year. But the new jobs don't pay as well as the old ones did. Rochester ranks 89th out of 100 major markets in income growth since 1990.

Per capita income:
2005: $33,857
2000: $29,326
1990: $20,791
1980: $10,799

Income growth:
2000-2005: 15.5%
1990-2005: 62.8%
1980-2005: 213.5%

Growth score: -20.12 points

Metro population (2006): 1,035,435
Annual rate of population growth (2000-2006): 0.0%
Metro employment (March 2007): 510,300
Employment growth (2006-2007): 0.3%




amazing how close Rochester's 1980 per capita personal income was to that of Boston and Baltimore at the time
 

·
Premium Member
Joined
·
30,821 Posts
Well...

Hartford has a good ranking there. We're not high on growth, but per-capita income is higher than the average (although median income is much higher), and the economic situation, while far from perfect or robust, is much better than say, five years ago.

Bridgeport-Stamford was always high, so I'm not suprised.

Springfield is disturbingly much lower than Hartford while being so close to here, their income is almost $10,000 less than us. But at least their income growth as slightly faster than us...they need it more than us.
 

·
Stamford CT 4 Life
Joined
·
432 Posts
Yea, down here in Stamford, its high. It can only get higher with RBS coming into town across from UBS. It's crazy how in about 17 years it went from 34k to 67k....wow o wow. things down here are so tight, with the high price of living...*sighs*
 

·
Buffalo's Worst Nightmare
Joined
·
1,944 Posts
Discussion Starter · #4 ·
I'm suprised Buffalo's per capita personal income is so much lower than the national average.
 

·
Told you so...
Joined
·
4,014 Posts
More like Phoenix, Dallas, LA, Raleigh, Atlanta. I'd expect it to be about on par with Rochester or at least close.

Though considering the difference in 20 places on that list is probably like 0.5%, it's probably not as big as it looks.
 

·
Registered
Joined
·
309 Posts
Am I the only one that finds it strange that they had to put the "NY" after Syracuse....yet there is no NY after Rochester.

Hmmm. As far as I know there is only one metro named Syracuse in the US, but two metros named Rochester....Rochester, NY and Rochester, MN.

No respect for Syracuse.....:eek:hno:
 

·
Buffalo's Worst Nightmare
Joined
·
1,944 Posts
Discussion Starter · #9 ·
Am I the only one that finds it strange that they had to put the "NY" after Syracuse....yet there is no NY after Rochester.

Hmmm. As far as I know there is only one metro named Syracuse in the US, but two metros named Rochester....Rochester, NY and Rochester, MN.

No respect for Syracuse.....:eek:hno:

Perhaps it's because Rochester is a major metro while Syracuse is a minor metro.
 

·
Told you so...
Joined
·
4,014 Posts
Maybe the Syracuse in Sicily is now part of the US. I dunno.

Rochester, NH is the 4th largest city in the state and the largest in the seacoast region (larger than Portsmouth). Of course that's only 30k.

There are several others on that list which I'm surprised have to have the state attached to them. Albuquerque, all the state capitals, etc. Something like Portland, I can understand. But considering how notoriously terrible all Americans, from all walks of life, are at geography, maybe I shouldn't be surprised. If you can't tell New Jersey from Texas and don't know where Canada is, how are you supposed to know that Syracuse is in NY?
 

·
Buffalo's Worst Nightmare
Joined
·
1,944 Posts
Discussion Starter · #11 ·
this really has nothing to do with the point of the thread... but it seems like in this list any metro over 1 million people, like Rochester, has the honor of losing the state afterwards... while any metro under 1 million (Syracuse, NY... Raleigh, NC... etc.) gets the state...

Portland, Ore. is one exception because Portland, Maine is also included in this study.
 

·
Premium Member
Joined
·
30,821 Posts
I just noticed that incomes were in the 10k range in 1980. :lol:

Rochester's problem here (if the figures are correct) is that the income hasn't moved at the breakneck pace of Boston, Stamford, or Baltimore on that list, among others. It wasn't much below Boston or Baltimore in 1980.

It's obviously because of the economy there. But Boston itself doesn't have much of a hot economy either.
 

·
Buffalo's Worst Nightmare
Joined
·
1,944 Posts
Discussion Starter · #13 ·
I just noticed that incomes were in the 10k range in 1980. :lol:

Rochester's problem here (if the figures are correct) is that the income hasn't moved at the breakneck pace of Boston, Stamford, or Baltimore on that list, among others. It wasn't much below Boston or Baltimore in 1980.

It's obviously because of the economy there. But Boston itself doesn't have much of a hot economy either.
Boston's economy is not hot when it comes to net job growth... but it is hot when it comes to income growth.
 
1 - 14 of 14 Posts
Top