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Forbes: The U.S. Cities Where Hispanics Are Doing The Best Economically

Forbes: The U.S. Cities Where Hispanics Are Doing The Best Economically

Posted by Shanelle Weir on January 30, 2015

Since 1980, the percentage of Americans who claim Hispanic heritage has grown from 6% to 17%. By 2040, Latinos will constitute roughly 24% of the population.

Many Democrats no doubt see President Obama’s executive actions on immigration as a step not only to address legitimate human needs, but their own political future. But perhaps a more important question is how these new Americans will fare economically.

We decided to look into which of America’s 52 largest metropolitan areas present Hispanics with the best opportunities. We weighed these metropolitan statistical areas by three factors — homeownership, entrepreneurship, as measured by the self-employment rate, and median household income  — that we believe are indicators of middle-class success. Data for those is from 2013. In addition, we factored in the change in the Hispanic population from 2000 to 2013 in these metro areas, to judge how the community is “voting with its feet.” Each factor was given equal weight. Our findings parallel our recent study of the economic fortunes of African-Americans, but with some important differences.

 Jacksonville, FL
No. 1: Jacksonville, FL
  • Median Household Income: $50,171
  • Home Ownership Rate: 54.9%
  • Share Who Are Self-Employed: 17.1%
  • Change In Population, 2000-13: 148.2%

 

 Riverside-San Bernardino, CA
No. 2: Riverside-San Bernardino, CA
  • Median Household Income: $47,196
  • Home Ownership Rate: 55.3%
  • Share Who Are Self-Employed: 23.5%
  • Change In Population, 2000-13: 74.3%

 

 Baltimore, MD
No. 3: Baltimore, MD
  • Median Household Income: $59,939
  • Home Ownership Rate: 47.5%
  • Share Who Are Self-Employed: 9.8%
  • Change In Population, 2000-13: 175.3%

 

 Houston TX
No. 4: Houston TX
  • Median Household Income: $43,020
  • Home Ownership Rate: 52.3%
  • Share Who Are Self-Employed: 22.9%
  • Change In Population, 2000-13: 68.4%

 

 Washington, DC-VA-MD-WV
No. 5: Washington, DC-VA-MD-WV
  • Median Household Income: $65,736
  • Home Ownership Rate: 45.4%
  • Share Who Are Self-Employed: 11.0%
  • Change In Population, 2000-13: 105.0%

 

 Virginia Beach-Norfolk, VA-NC
No. 6: Virginia Beach-Norfolk, VA-NC
  • Median Household Income: $50,197
  • Home Ownership Rate: 47.2%
  • Share Who Are Self-Employed: 9.8%
  • Change In Population, 2000-13: 156.6%

 

 Dallas-Fort Worth, TX
No. 7: Dallas-Fort Worth, TX
  • Median Household Income: $41,622
  • Home Ownership Rate: 50.0%
  • Share Who Are Self-Employed: 22.1%
  • Change In Population, 2000-13: 70.3%

 

 San Antonio, TX
No. 8: San Antonio, TX
  • Median Household Income: $42,377
  • Home Ownership Rate: 56.9%
  • Share Who Are Self-Employed: 23.3%
  • Change In Population, 2000-13: 43.8%
 
 Austin, TX
No. 9 (tie): Austin, TX
  • Median Household Income: $43,712
  • Home Ownership Rate: 44.6%
  • Share Who Are Self-Employed: 20.9%
  • Change In Population, 2000-13: 83.4%
 
 St. Louis, MO-IL
No. 9 (tie): St. Louis, MO-IL
  • Median Household Income: $50,570
  • Home Ownership Rate: 56.5%
  • Share Who Are Self-Employed:7.8%
  • Change In Population, 2000-13: 92.2%

 

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