Quote:
Originally Posted by the urban politician
Wow, in the gain of higher income households Chicago is WAY outpacing its peers. NYC for sure given the difference in city sizes, and absolutely destroying LA.
Ultimately, though, I suspect what we already know--that this is an intra-metro movement of wealth towards the core. If we looked at MSA numbers I'm guessing that Chicago would be more par for the course.
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I wouldn't say Chicago is kicking the others' asses in that regard, but it's still ahead percentage wise of both LA and NYC MSAs and the increase of $100K+ is less than 1000 households more in the LA MSA than the Chicago MSA.
$100K+ households
1. NYC MSA: +156,812 households (+5.63%)
2. Los Angeles MSA: +86,126 households (+5.73%)
3. Chicago MSA: +85,294 households (+7.39%)
$200K+ households
1. NYC MSA: +90,338 households (+9.49%)
2. Los Angeles MSA: +50,163 households (+11.24%)
3. Chicago MSA: +45,989 households (+14.92%)
If you remove the main cities from those 3 MSAs (aka purely suburbs), then for $100K+ it's like this:
1. NYC MSA without NYC: +95,968 households
2. Los Angeles MSA without LA: +62,816 households
3. Chicago MSA without Chicago: +57,221 households