Everything is bigger in Texas, including the economy.
Eight of the top 10 cities in the country that have rebounded the most since the recession are in the Lone Star State, according to a new analysis by financial site NerdWallet. Texas has seen large economic growth, and its housing market has been following the upward trend.
What Does a Recovery Look Like?
With the recession officially coming to an end in June 2009, NerdWallet looked at data over the last five years to see which cities improved the most since then. In its analysis of the 510 largest U.S. cities, the site considered factors such as the performance of the labor market, median household income, and median home values.
The following cities were ranked in the top 10 for largest recoveries since the recession. (Each city is listed below with the change in median home values since the recession.)
- McAllen, Texas: 15.61%
- Midland, Texas: 21.67%
- San Angelo, Texas: 20.92%
- Fargo, N.D.: 13.30%
- Bryan, Texas: 10.81%
- Chattanooga, Tenn.: 14.04%
- College Station, Texas: 3.67%
- Odessa, Texas: 5.87%
- Edinburg, Texas: 6.50%
- Amarillo, Texas: 11.87%
Source: “Recession Recovery: Cities That Have Improved the Most,” NerdWallet Finance (June 23, 2014)
