Black Business Logo News, Events, Publications and
More For Black-Owned Businesses
Home News/ Blog Events Magazines Organizations Grants/Funding

  THE BLACK BUSINESS NEWS BLOG  

Wednesday, December 9, 2015

Black Families in These 10 Cities Are Doing the Best Economically -- But They Aren't Exactly Rich

Black family toasting

The Atlanta Journal-Constitution recently published a survey of the top 10 U.S. cities in which African Americans are doing the best economically. The ratings were based on median household income, home ownership rate, and the percent of those self-employed.

Here are the top 10:
  1. Atlanta, GA - Median household income: $41,047. Home ownership rate: 51.5 percent. Self-employed: 17.1 percent.
  2. Raleigh, NC - Median household income: $42,285. Home ownership rate: 46.7 percent. Self-employed: 12.8 percent.
  3. Washington, DC - Median household income: $64,896. Home ownership rate: 49.2 percent. Self-employed: 15.1 percent.
  4. Charlotte, NC - Median household income: $36,522. Home ownership rate: 43.9 percent. Self-employed: 13.6 percent.
  5. Baltimore, MD - Median household income: $47,898. Home ownership rate: 46.2 percent. Self-employed: 15 percent.
  6. Virginia Beach-Norfolk, VA - Median household income: $40,677. Home ownership rate: 43.8 percent. Self-employed: 13.2 percent.
  7. Orlando, FL - Median household income: $33,982. Home ownership rate: 43.8% percent. Self-employed: 11 percent.
  8. Miami, FL - Median household income: $36,749. Home ownership rate: 44.9 percent. Self-employed: 11.2 percent.
  9. Richmond, VA - Median household income: $38,899. Home ownership rate: 47.8 percent. Self-employed: 12.7 percent.
  10. San Antonio, TX - Median household income: $41,681. Home ownership rate: 40.8 percent. Self-employed: 9.3 percent.
Read more at www.ajc.com/gallery/news/10-cities-where-african-americans-are-doing-best-e/gCQpt/



SHARE THIS PAGE: