St. Louis ranks near bottom in economic growth
PostPosted:9 years 8 months ago
http://www.bizjournals.com/stlouis/blog ... ml?ana=twt
St. Louis ranks near bottom in economic growth
Diana Barr
St. Louis ranked near the bottom in economic growth among 515 cities nationwide, according to a new WalletHub study.
It ranked 490th among 515 cities of various sizes, and 61st among 64 large cities with populations of over 300,000 in the study, 2015’s Cities with the Fastest-Growing Economies. “City” refers to the city proper and excludes surrounding metro areas, according to WalletHub.

Along with being one of the large cities with the least growth, St. Louis ranked among the lowest nationwide for population growth (No. 511).
Among only large cities, St. Louis ranked 64th in population growth, 25th in median household income growth, 61st in job growth, 43rd for poverty rate decrease, 35th in regional GDP growth, 47th in unemployment rate decrease, 43rd for growth in number of businesses, 64th in full-time jobs increase, 63rd for working-age population growth and 47th in growth of median house prices.
To identify the cities that have grown most rapidly in socioeconomic terms from 2008 to 2014, WalletHub compared 515 cities based on 10 metrics, from population growth to unemployment rate decrease. A score between zero and 100 was assigned to the weighted metrics, and the cities were ranked by their overall score. In addition to separate large-city rankings, WalletHub also ranked small cities (populations of fewer than 100,000) and midsize cities (populations from 100,000 to 300,000).
Missouri cities, their overall score and ranking are:
Columbia, 61.46, No. 32 nationwide, No. 14 among midsize cities
Independence, 45.79, No. 321 nationwide, No. 156 among midsize cities
Kansas City, 47.75, No. 255 nationwide, No. 41 among large cities
Lee’s Summit, 40.12, No. 457 nationwide, No. 172 among small cities
O’Fallon, 47.22, No. 276 nationwide, No. 102 among small cities
Springfield, 48.42, No. 238 nationwide, No. 114 among midsize cities
St. Joseph, 48.11, No. 243 (tied with Salt Lake City, Utah) nationwide, No. 91 among small cities
St. Louis, 36.95, No. 490 nationwide, No. 61 among large cities
No Metro East cities were included in the rankings. In Illinois, Chicago ranked No. 379 nationwide, with a score of 43.75, and 51st among large cities.
The No. 1 city overall nationwide for economic growth is Odessa, Texas, with a score of 79.54, according to WalletHub’s study. Texas is home to nine of the top 10 cities nationwide in the ranking.
For its report, WalletHub culled date from the U.S. Census Bureau, Bureau of Labor Statics and Bureau of Economic Analysis.
St. Louis ranks near bottom in economic growth
Diana Barr
St. Louis ranked near the bottom in economic growth among 515 cities nationwide, according to a new WalletHub study.
It ranked 490th among 515 cities of various sizes, and 61st among 64 large cities with populations of over 300,000 in the study, 2015’s Cities with the Fastest-Growing Economies. “City” refers to the city proper and excludes surrounding metro areas, according to WalletHub.

Along with being one of the large cities with the least growth, St. Louis ranked among the lowest nationwide for population growth (No. 511).
Among only large cities, St. Louis ranked 64th in population growth, 25th in median household income growth, 61st in job growth, 43rd for poverty rate decrease, 35th in regional GDP growth, 47th in unemployment rate decrease, 43rd for growth in number of businesses, 64th in full-time jobs increase, 63rd for working-age population growth and 47th in growth of median house prices.
To identify the cities that have grown most rapidly in socioeconomic terms from 2008 to 2014, WalletHub compared 515 cities based on 10 metrics, from population growth to unemployment rate decrease. A score between zero and 100 was assigned to the weighted metrics, and the cities were ranked by their overall score. In addition to separate large-city rankings, WalletHub also ranked small cities (populations of fewer than 100,000) and midsize cities (populations from 100,000 to 300,000).
Missouri cities, their overall score and ranking are:
Columbia, 61.46, No. 32 nationwide, No. 14 among midsize cities
Independence, 45.79, No. 321 nationwide, No. 156 among midsize cities
Kansas City, 47.75, No. 255 nationwide, No. 41 among large cities
Lee’s Summit, 40.12, No. 457 nationwide, No. 172 among small cities
O’Fallon, 47.22, No. 276 nationwide, No. 102 among small cities
Springfield, 48.42, No. 238 nationwide, No. 114 among midsize cities
St. Joseph, 48.11, No. 243 (tied with Salt Lake City, Utah) nationwide, No. 91 among small cities
St. Louis, 36.95, No. 490 nationwide, No. 61 among large cities
No Metro East cities were included in the rankings. In Illinois, Chicago ranked No. 379 nationwide, with a score of 43.75, and 51st among large cities.
The No. 1 city overall nationwide for economic growth is Odessa, Texas, with a score of 79.54, according to WalletHub’s study. Texas is home to nine of the top 10 cities nationwide in the ranking.
For its report, WalletHub culled date from the U.S. Census Bureau, Bureau of Labor Statics and Bureau of Economic Analysis.