Le Lézard
Classified in: Science and technology, Business
Subject: SVY

Which U.S. Cities Have Changed the Most Over the Past Decade?


CHARLOTTE, N.C., Oct. 19, 2017 /PRNewswire/ -- Over the past decade, most U.S. cities have experienced at least some degree of change, whether the change has been for the better or worse. These changes may be indicative of emerging economic opportunities, or on the other end of the spectrum, economic decline. MagnifyMoney, a subsidiary of LendingTree that provides information, tools and resources to help consumers make informed financial decisions, analyzed the 50 largest U.S. metro areas using nine elements of data to measure and identify areas of growth, decline and inactivity.

MagnifyMoney analyzed home prices, crime rates, building permits, commute times and other elements to identify areas of high metropolitan change and give each city a "Change Score" of 0 to 100. According to the data, Austin, Dallas - Fort Worth and Houston round out the trio of big Texas cities that received the highest Change Scores among the largest U.S. metro areas, suggesting that Texas is a hot spot for change.

Rank

Metro

Change Score

Highest ranked changes

Lowest ranked changes

1

Austin, TX

90.4

House prices (#1), Recent moves (#3)

Building permits (#25)

2

Dallas - Fort Worth, TX

89.7

Crime Rate (#4), House prices (#5)

Rent (#19)

3

Houston, TX

86.2

House prices (#2), Building Permits (#3)

Crime Rate (#23)

4

Nashville, TN

84.8

Employment (#5), Building Permits (#5)

Commute Times (#17)

5

Portland, OR

83.9

 Rent (#4), Income (#5)

Crime Rate (#33)

5

Denver, CO

83.9

Rent (#2), House Prices (#3)

Crime Rate (#39)

7

Raleigh, NC

83.7

Employment (#2), Building Permits (#2)

Commute time (#48)

8

San Antonio, TX

82.9

Employment (#4), House Prices (#6)

 Crime Rate (#42)

9

Charlotte, NC

82.7

Crime Rate (#2), Building Permits (#4)

House Prices (#35)

10

San Jose, CA

82.4

Commute Times (#1), Rent (#1)

 Crime rate (#37)

11

Oklahoma City, OK

81.4

Income (#4), Recent Moves (#8)

Resident Age (#49)

12

Seattle, WA

80.6

Rent (#3), Income (#8)

Resident Age (#50)

13

Orlando, FL

80.1

Crime Rate (#2), Recent Moves (#4)

Income (#48)

14

Phoenix, AZ

80.0

Recent Moves (#2), Resident Age (#2)

Commute Times (#49)

15

Jacksonville, FL

79.0

BuiIding Permits (#9), Commute Times (#9)

Income (#38)

16

Tampa, FL

78.9

Crime Rate (#1), Recent Moves (#6)

Income (#34)

17

Salt Lake City, UT

78.6

Resident Age (#6), Rent (#7)

Crime Rate (#49)

18

San Diego, CA

78.1

Crime Rate (#6), Recent Moves (#11)

Commute Times (#37)

19

Sacramento, CA

77.6

Resident Age (#3), Recent Moves (#9)

Rent (#41)

20

Washington DC

76.9

Rent (#8), Crime rate (#12)

Resident Age (#43)

21

Riverside, CA

76.0

Resident Age (#1), House Prices (#8)

Income (#45)

22

Las Vegas, NV

74.9

Recent Moves (#1), House Prices (#4)

Rent (#50)

22

Miami, FL

74.9

House Prices (#15), Resident Age (#18)

Income (#44)

24

San Francisco, CA

74.7

Income (#1), Commute Times (#2)

House Prices (#47)

25

Columbus, OH

72.7

Employment (#10), Crime Rate (#11)

Building Permits (#46)

26

New York, NY

72.6

Rent (#13), Commute Times (#16)

Recent Moves (#48)

27

Boston, MA

72.2

Commute Times (#4), Income (#9)

House Prices (#50)

28

Pittsburgh, PA

72.0

Income (#7), Commute Times (#11)

Recent Moves (#50)

29

Minneapolis - St. Paul, MN

71.7

Crime Rate (#14), Employment (#22)

Resident Age (#38)

29

Baltimore, MD

71.7

Income (#12), Rent (#12)

Resident Age (#42)

31

Richmond, VA

71.4

Resident Age (#8), Building Permits (#21)

Recent Moves (#40)

32

Los Angeles, CA

70.8

Commute Times (#3), Resident Age (#5)

Crime Rate (#46)

33

St. Louis, MO

70.4

Resident Age (#13), Crime Rate (#16)

Employment (#46)

34

Atlanta, GA

70.3

Recent Moves (#14), Building Permits (#16)

House Prices (#44)

35

Chicago, IL

70.2

Crime Rate (#5), Resident Age (#12)

Building Permits (#43)

36

Providence, RI

69.8

Commute Times (#7), Resident Age (#8)

Building Permits (#50)

37

Memphis, TN

68.7

Resident age (#18), Crime Rate (#19)

Commute Times (#46)

38

Kansas City, MO

68.4

Building Permit (#8), Recent Moves (#25)

House Prices (#49)

39

Detroit, MI

68.1

Crime Rate (#21), Income (#23)

House Prices (#46)

39

Cincinnati, OH

68.1

Resident Age (#4), Crime Rate (#7)

Employment (#50)

41

Virginia Beach, VA

68.0

Rent (#16), Recent Moves (#22)

Commute Times (#44)

42

Louisville, KY

67.9

Income (#20), Building Permits (#26)

Crime Rate (#48)

43

Hartford, CT

67.7

Commute Times (#6), Resident Age (#15)

Crime Rate (#50)

44

Philadelphia, PA

67.3

Commute Times (#19), Rent (#26)

Recent Moves (#49)

45

Cleveland, OH

67.1

Building Permit (#1), Resident Age (#18)

Employment (#48)

46

Indianapolis, IN

67.0

Employment (#11), Recent Moves (#20)

House Prices (#45)

47

Buffalo, NY

65.7

House Prices (#12), Income (#14)

Building Permits (#48)

48

New Orleans, LA

63.4

Employment (#3), Building Permits (#23)

Income (#49)

49

Milwaukee, WI

61.7

Recent Moves (#29), Crime Rate (#29)

Resident Age (#47)

50

Birmingham, AL

61.1

Resident Age (#26), Building Permits (#30)

Commute Times (#50)

Places that Changed the Most

10 Places that Changed the Most in 10 Years (PRNewsfoto/LendingTree)

1. Austin, Texas (90.4) Austin is a magnet for change, with the fastest job growth in the nation (+40% since 2006), 60% of residents moving since 2010 and a 54% rise in house prices since 2006, the most of the 50 metros ranked.

2. Dallas - Fort Worth, Texas (89.7) Dallas-Fort Worth is in the top 10 for five of the change categories: employment, recent moves, building permits, house prices and crime rate. Dallas - Fort Worth's crime rate is down 43% from 2006.

3. Houston, Texas (86.2) Houston rounds out the trio of big Texas cities at the top of the change list, led by housing factors. The city ranks No. 2 for house price appreciation, at 38% from 2006, and No. 3 for building permit expansion.

Places that Changed the Least

10 Places that Changed the Least in 10 Years (PRNewsfoto/LendingTree)

50. Birmingham, Alabama (61.1) Birmingham ranks in the bottom half of change for all nine metrics analyzed, and notably lags in employment growth, at 3% in the 10 years between 2006 and 2016. House prices are down 2% from their 2006 level as of 2016, while commute times are identical to levels 10 years prior.

49. Milwaukee, Wisconsin (61.7) M Additional Information:  ilwaukee also lags in employment growth at 4% in 10 years, but it's one of the few areas where rent growth hasn't significantly outpaced income growth, with median rent up 19% in 10 years, compared to income up 15%.

48. New Orleans, Louisiana (63.4) While New Orleans is third from the bottom in terms of change, in the wake of Hurricane Katrina it's made big progress in one key metric - employment, which is up 30% since 2006, ranking No. 3 among the 50 largest metros for growth. It lags in some metrics where too much change is a negative - rent growth and commute time growth.

Ranking Highlights

Commute times

% change in commute times, 2006 ? 2016

  1. San Francisco +18%
  2. San Jose + 18%
  3. Los Angeles +12%
  4. Boston +12%
  5. Portland +12%

Employment

Employment change, 2006 ? 2016

  1. Austin +40%
  2. Raleigh +32%
  3. New Orleans +30%
  4. San Antonio +29%
  5. Nashville +24%

Income

Median income change, 2006 ? 2016

  1. San Francisco +37%
  2. San Jose +36%
  3. Austin +34%
  4. Oklahoma City +31%
  5. Portland +31%

House prices

House price index change, 2006 ? 2016

  1. Austin +54%
  2. Houston +38%
  3. Denver +35%
  4. Las Vegas -34%
  5. Dallas +32%

Rent

% change in median rent, 2006-2016

  1. San Jose +68%
  2. Denver +60%
  3. Seattle +55%
  4. Portland +52%
  5. San Francisco +49%

Recent moves

% of residents who moved into their residence in 2010 or later

  1. Las Vegas 66%
  2. Phoenix 61%
  3. Austin 60%
  4. Orlando 58%
  5. Denver 56%

Median age

Change in median age of residents, 2006 ? 2016

  1. Riverside, Calif. +3.4 years
  2. Phoenix +2.8 years
  3. Sacramento, Calif. +2.6 years
  4. Detroit +2.4 years
  5. Los Angeles +2.3 years

For more information on the study, visit http://www.magnifymoney.com/blog/featured/which-cities-have-changed-the-most/

Methodology

We looked at nine factors to assess change, including:

Ranks for each of the nine factors were evenly weighted to create a Change Score for each metro, from 0-100, with 100 representing the top score.

About MagnifyMoney.com 
MagnifyMoney.com, a subsidiary of LendingTree, makes it easy for consumers to shop for the best financial products and get answers to their most important financial questions. MagnifyMoney's unbiased advice and comprehensive product database helps millions of people compare credit cards, loans, checking accounts and savings accounts.  

The Fine Print Blog, led by a newsroom of personal finance experts, is dedicated to helping people save money and lead financially healthier lives through strategies and tips for avoiding fees, getting out of debt, paying off student loans, avoiding consumer scams and other financial topics. MagnifyMoney was launched in 2014 and is based in New York, NY.

About LendingTree
LendingTree (NASDAQ: TREE) is the nation's leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings.  LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 65 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 500 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree.

MEDIA CONTACT:
Megan Greuling
704-943-8208
[email protected] 

LendingTree Logo. (PRNewsFoto/LendingTree)

SOURCE LendingTree


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