Though Dallas has roughly the same median wage and employment rate today as it did in 2009, a post-recession energy boom led to prosperity for the Texas city.
Business Insider analyzed the Brookings Institution’s annual Metro Monitor report and found the cities that have grown the fastest since 2009. According to the report, only nine of the 100 largest cities in the U.S. have performed above national averages.
The report was based on economic prosperity, equality, employment, and income poverty rates, primarily from 2009 to 2014. The list contained giants like San Jose and Houston, along with Grand Rapids, Mich.
Grand Rapids boasts a large manufacturing sector, which drove job and wage growth from 2009 to 2014, according to the report. The city's employment rate also increased 5.5%.
Advertisement
Related Stories
Economics
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady