Study: Miami’s economic recovery ranks No. 18 in U.S.


The longest downturn since the Great Depression officially ended five years ago, and personal finance company WalletHub crunched the numbers of the 150 largest U.S. cities to identify 2014's most recession-recovered cities. Miami ranked No. 18 on the list of 150, scoring in the top 10 for population growth (9th), its decrease in violent crime (3rd) and increase in college-educated workers (5th).

To evaluate the progress of local cities in propelling their economic growth, WalletHub used 18 key metrics — from the number of new businesses to unemployment rates and home price appreciation — to examine how each city has performed in the last few years.

According to the study, among other metrics, Miami came in 45th for median home price appreciation; 49th for the decrease in the ratio of part-time to full-time jobs; 20th for average credit score increase; 42nd for its decrease in its public assistance rate; 23rd for its decrease in consumer debt; and 47th for new business growth.

Nattonally, the top five most-recovered cities were: Laredo, Texas, Irving, Texas, Fayetteville, NC, Denver, CO., and Dallas, Texas. The bottom five: San Bernandino, CA, Stockton, CA, Coise City, Idaho, Newark, NJ and Modesto, CA.

Find the full report here.

Nancy Dahlberg

Read more Business stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category