If you don’t tune in to national news, you could be forgiven for thinking the US economy is doing just fine.
Eight Texas cities are listed among the ten most-improved since the latest recession.
Financial-literacy website NerdWallet ranked Bryan and College Station fifth and seventh respectively.
Reduced unemployment and employers such as Bryan ISD, Texas A&M University and Sanderson Farms were highlighted in Bryan’s ranking.
Of the 510 cities that were analyzed, College Station is listed as having the the largest surge for median household income, 32 percent.
NerdWallet also identified the Research Valley Partnership—a collaborative partnership between Bryan, College Station and Texas A&M University—as a positive boost for the local economy.
- McAllen
- Midland
- San Angelo
- Fargo, ND
- Bryan
- Chattanooga, TN
- College Station
- Odessa
- Edinburg
- Amarillo
Bryan and College Station have been ranked among the top cities in America – fifth and seventh, respectively – in terms of their recovery from The Great Recession.
NerdWallet, which describes itself as “a consumer-friendly financial literacy website that helps consumers make better decisions about their personal finances and more,” released the rankings Monday.
Beginning in 2007, the U.S. housing market was devastated, leading to declines in consumer spending, business investment and employment. The recession officially ended in June 2009, and some communities – eight out of the top 10 cities on the NerdWallet list are in Texas – have sped toward recovery at a quicker pace than others.
In considering 510 of the largest U.S. cities, NerdWallet analyzed the labor and housing markets, to produce the following rankings:
Most-Improved Cities since the Recession
- McAllen
- Midland
- San Angelo
- Fargo, ND
- Bryan
- Chattanooga, TN
- College Station
- Odessa
- Edinburg
- Amarillo
NerdWallet researchers said unemployment in Bryan fell (2009-2012) while income and home values increased, indicating local economic growth. The company recognized Texas A&M University, Bryan ISD and Sanderson Farms as top employers.
For College Station, NerdWallet researchers pointed to the city’s median household income increasing nearly 32 percent – the highest surge of any city in the nation (2009-2012). College Station, Bryan and Texas A&M’s collaborative development of The Research Valley Partnership was highlighted as a positive boost to the local economy.
More information is available at: http://www.nerdwallet.com/blog/cities/economics/recession-recovery-cities-improved