AMARILLO – Amarillo ranked tenth out of 510 cities to improve from the great recession.
With this month marking the five-year anniversary of the official end of the recession, NerdWallet crunched the numbers to find the city rankings.
NerdWallet considered the following for their rankings:
Labor market: To assess improvement in a city’s labor market, we measured the percentage change in unemployment in the civilian labor force from 2009 to 2012. We also calculated the change in median household income.
Housing market: We calculated the change in median home value from 2009-2012.
What NerdWallet said about Amarillo: Unemployment decreased more than 15% from 2009 to 2012 in Amarillo, while the median home value increased about 12%. The city located in the northern part of the state is the economic hub of the Texas Panhandle. The Amarillo Economic Development Corporation promotes business expansion and economic growth in the region, which has seen more than a 30% increase in employment over the past 15 years.
Some notable findings include:
Eight out of the top 10 cities on our list are in Texas, a state that has seen tremendous economic growth in the past few years.
The largest place among the 50 most improved cities was Washington, D.C.
Florida had eight cities in the bottom 20 of our list of 510 places—the most of any state among the “least improved” cities.
The largest city among the least improved cities was Detroit, Michigan, which placed 509th out of 510.