The real per capita GDP rose a modest 3.8 percent from 2010 through 2013, according to Bureau of Economic Analysis data. But in a few metro areas — mainly those that have large technology sectors or ...are in energy-boom areas — incomes have risen much faster, by up to 13.2 percent in the same timeframe.
What's more, much of the gains are in the nation's "long-distressed industrial heartland metro areas, as the combination of energy development and a resurgent automobile industry have boosted regional GDP," Forbes.com reports.
Many analysts have called wage growth the key behind a more heated housing market. Could these income-rising markets see big gains coming? An analysis by urban expert Aaron Renn at Forbes.com shows some of the cities where per-capita income is rising the most.
1. Houston-The Woodlands-Sugar Land, Texas
Rise in real per capita GDP (2010-2013): 13.2%
2013 per capita GDP: $72, 258
2. San Jose-Sunnyvale-Santa Clara, Calif.
Rise in real per capita GDP: 11.5%
2013 per capital GDP: $100,115
3. Portland-Vancouver-Hillsboro, Ore.-Wash.
Rise in real per capita GDP: 9.2%
2013 per capital GDP: $68,810
4. Columbus, Ohio
Rise in real per capita GDP: 8.2%
2013 per capital GDP: $54,493
5. Grand Rapids-Wyoming, Mich.
Rise in real per capita GDP: 7.8%
2013 per capital GDP: $44,482
6. Charlotte-Concord-Gastonia, N.C.-S.C.
Rise in real per capita GDP: 7.7%
2013 per capital GDP: $55,802
Source: “The Cities That Are Benefiting the Most from the Economic Recovery,” Forbes.com (Oct. 6, 2014)
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