From Jacksonville to St. Louis to Baltimore, do you know which cities across the United States of America are the top for Latinos doing the best economically?
Well, Forbes magazine recently released a report compiling the top 10 U.S. cities where Latinos are reportedly finding economic success when it comes to entrepreneurship and homeownership.
Most would think that Latinos would generally find success within large city areas noted for their large Latino community like New York, Chicago, or Los Angeles, however none of these cities are on the list.
With the cost-of-living rising substantially and the job market becoming increasing more competitive within populated city areas like the ones mentioned above, Latinos are finding some economic ease in lesser city areas.
In-between the years 2007-2010 when it came to homeownership there was a significant drop among the Latino community. For Latinos providing enough earning for their household there was a 44% drop; in-addition to this drop there was a 49% drop of Latino home equity.
However, things are expecting to change—as they have—with the seemingly recovery that’s arising in the nation since 2013. According to reports by the U.S. Bureau of Labor, there has been quite the jump in Latinos gaining jobs standing at 2.3 million in-between the years 2009 to 2013. Also, unemployment rates for Latinos have dropped by 6.5%.
So, what are the cities where Latinos are doing the best economically within the U.S.:
1. Jacksonville, Florida
2. Riverside-San Bernardino, California
3. Baltimore, Maryland
4. Houston, Texas
5. Washington, D.C.
6. Virginia Beach-Norfolk, Virginia
7. Dallas-Fort Worth, Texas
8. San Antonio, Texas
9. Austin, Texas
10. St. Louis, Missouri
For the future, it has been predicted that the Latino population will continue to grow and become the highest populated community within the U.S. And as the community grows, it is truly important that the livelihood of Latinos throughout the country—the livelihood of all—is ensured and enriched through job creation, educational opportunities, and economic gain so that the country can move forward and so can the people who aid in its movement.