Bmore

Bmore

Tuesday, February 3, 2015

Baltimore Ranked #3 Among Cities for Latino Economic Achievement

It seems Baltimore's growing Latino population is doing well. A recent article on Latin Post ranked U.S. cities based on home-ownership, entrepreneurship, and median income. Baltimore ranked third. Remember all those Hispanic characters in The Wire? Yeah, me neither.
 
Here is another take on the same data over at newgeography.com....
 Like African-Americans, Latinos have done relatively well in No. 3 Baltimore, where their numbers have increased since 2000 by 175%, with a median household income of $59,940, second highest in the nation behind the adjacent Washington, D.C., area (No. 5), where the median household income for Hispanics is $65,736.....
 In contrast, New York, home to the country’s second largest Latino community after Los Angeles, ranks a poor 42nd. This reflects one of the lowest rates of Hispanic homeownership in the country, 26.5%, and modest population growth of roughly 29% since 2000, compared to an average of 96% for the 52 largest U.S. metro areas. New York Latino households earn a median of $42,980. That’s slightly above the 52 major metro median of $41,740, but given the sky-high housing costs in the Gotham area, it doesn’t go very far. In the Bronx, where the population is 55% Hispanic, roughly 30% of households are below the poverty line, the highest rate of any large urban county.