The boom induced by the Federal Reserve has seeped into certain cities since the economic collapse, predominantly parts of California and New York. Other municipalities, on the other hand, are still unable to recover to their pre-recession norms. Of course, it isn’t all because of the central bank; many municipalities have imposed business-friendly policies and have attempted to be fiscally responsible, while others have not.
WalletHub, a personal finance website, released a new report on Wednesday entitled “2017’s Most & Least Recession-Recovered Cities.” The study assessed more than 500 cities across the United States and took a look at 18 key economic indicators.
Here is what the website discovered (you will notice a distinct pattern):
Most Recession-Recovered Large Cities:
1. Austin, Texas
2. Denver, Colorado
3. El Paso, Texas
4. Fort Worth, Texas
5. Corpus Christi, Texas
Least Recession-Recovered Large Cities:
58. Las Vegas, Nevada
59. Phoenix, Arizona
60. Mesa, Arizona
61. Detroit, Michigan
62. Tucson, Arizona
Most Recession-Recovered Midsize Cities:
1. Brownsville, Texas
2. Macon-Bibb, Georgia
3. Sunnyvale, California
4. Killeen, Texas
5. Denton, Texas
Least Recession-Recovered Midsize Cities:
154. Paterson, New Jersey
155. Reno, Nevada
156. Glendale, Arizona
157. Stockton, California
158. San Bernardino, California
Most Recession-Recovered Small Cities:
1. Midland, Texas
2. Odessa, Texas
3. The Woodlands, Texas
4. College Station, Texas
5. Edinburg, Texas
Least Recession-Recovered Small Cities:
281. Turlock, California
282. Palm Bay, Florida
283. Hesperia, California
284. Vallejo, California
285. Deltona, Florida
Do you see a pattern here? Texas seems to have the most cities that have recovered since the Great Recession.
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