 | Daily Real Estate News | May 4, 2007 |
10 Best Cities for African Americans
Washington, D.C. ranks as the top city for African Americans, according to a list compiled by editors of Black Enterprise magazine.
Cities were ranked based on more than 2,000 responses to an interactive survey completed on the publication’s Web site and based on editorial staff evaluations. Criteria in each city includes: median household income of African Americans, percentage of households earning more than $100,000, percentage of businesses owned by African Americans, percentage of college graduates, unemployment rates, home loan rejections, and homeownership rates.
Washington, D.C., attributes are a robust job market and top-notch cultural activities, according to respondents. Also cited was a median home value of $404,900, the highest of all the cities on the top 10 list. Although survey respondents voiced dissatisfaction with local public schools, the survey noted that “the D.C. metro area has the best-educated black population of the cities on the list, boasting the highest percentage of high school and college graduates.”
No. 2-ranked Atlanta was perceived as “offering extensive entrepreneurial opportunities.” A newcomer to the ranking, Raleigh-Durham, N.C., showed a 3.4 percent hike in job growth, which, according to the report, was “the highest employment statistic among the cities ranked.” The report was also conducted in 2001 and 2004.
Top 10 Ranking
- Washington, D.C.
- Atlanta
- Raleigh-Durham, N. C.
- Houston
- Nashville, Tenn.
- Dallas
- Charlotte, N.C.
- Indianapolis
- Columbus, Ohio
- Jacksonville, Fla.
Three cities from 2004 that failed to make this year’s ranking: Birmingham, Ala., Baltimore, and Memphis, Tenn.
— By Camilla McLaughlin for REALTORŪ Magazine Online
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