Quote:
Originally Posted by toredyvik
i think I will agree with this list.
But a few questions: what are some of the factors making Detroit and Minneapolis above all the rest? (aside from pure population figures).
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Economic Output by MSA:
Detroit MSA: $190.8 Billion
Minneapolis-Saint Paul MSA: $192.4 Billion
(Next Midwestern City)
Saint Louis: $127.8 Billion
Source: http://www.usmayors.org/metroeconomies/0110/charts.pdf
Economic Output by CSA:
Detroit-Warren-Flint, MI CSA $236.457 Billion
Ann Arbor, MI Metro Area $17,891
Detroit-Warren-Livonia, MI Metro Area $200,856
Flint, MI Metro Area $11,406
Monroe, MI Metro Area $6,304
Minneapolis-Saint Paul CSA: $211.7 Billion
Population By CSA:
Detroit CSA:
5,327,764
Minneapolis-Saint Paul CSA:
3,604,460
Population By MSA:
Detroit MSA:
4,403,437
Minneapolis-Saint Paul:
3,269,814
Top 20 CSAs GMP/Per Capita Net 2008 $USD:
01. San Jose-San Francisco-Oakland, CA (CSA) $67,111
02. New York-Newark-Bridgeport, NY-NJ-CT-PA (CSA) $64,474
03. Washington DC-Baltimore-Northern Virginia, DC-MD-VA-WV (CSA) $58,883
04. Boston-Worcester-Manchester, MA-RI-NH (CSA) $54,809
05. Houston-Baytown-Huntsville, TX (CSA) $54,662
06. Hartford-West Hartford-Willimantic, CT (CSA) $53,204
07. Chicago-Naperville-Michigan City, IL-IN-WI (CSA) $52,427
08. Seattle-Tacoma-Olympia, WA (CSA) $52,064
09. Denver-Aurora-Boulder, CO (CSA) $51,274
10. Philadelphia-Camden-Vineland, PA-NJ-DE-MD (CSA) $50,534
11. Los Angeles-Long Beach-Riverside, CA (CSA) $50,333
12. Dallas-Fort Worth, TX (CSA) $49,707
13. Minneapolis-St. Paul-St. Cloud, MN-WI (CSA) $49,304
14. Atlanta-Sandy Springs-Gainesville, GA-AL (CSA) $48,653
15. Detroit-Warren-Flint, MI (CSA) $48,586
16. Sacramento-Arden-Arcade-Yuba City, CA-NV (CSA) $48,364
17. Raleigh-Durham-Cary, NC (CSA) $47,235
18. Midland-Odessa, TX (CSA) $47,226
19. Austin-Round Rock-Marble Falls, TX (CSA) $46,998
20. St. Louis-St. Charles-Farmington, MO-IL (CSA) $46,042
Source: BEA.org
Top 10 major metros areas in Education
(Populations over 2.5 million)
1. San Francisco
2. New York
3. Washington DC
4. Boston
5. Seattle
6. Baltimore
7. Los Angeles
8. San Diego
9. Minneapolis-St. Paul
10. Philadelphia
Source: College Destinations Index (2010-2011) Digital Edition
Metropolitan Areas with Percentage of Adults who are High Net Worth Individuals:
01. New York City 3.6%
02. San Francisco 3.4%
03. Boston 2.9%
04. Washington DC 2.9%
05. Chicago 2.2%
06. Detroit 2.2%
07. Los Angeles/OC 2.0%
08. Philadelphia 1.8%
09. Houston 1.5%
Fortune 500 Companies Per Metropolitan Area (2010):
New York City: 71
Bay Area: 31
Chicago: 28
Houston: 25
Dallas–Fort Worth: 24
Los Angeles: 23
Minneapolis–St. Paul: 20
Washington DC: 17
Philadelphia: 14
Atlanta: 12
Boston: 12
Detroit: 12
Top 10 Largest tech Centers in USA:
01. San Jose: 100/100
02. Seattle: 46.4/100
03. Boston: 45.2/100
04. Washington DC: 41.8/100
05. Los Angeles: 40.2/100
06. Dallas: 21.8/100
07. San Diego: 19.3/100
08. Orange County: 17.7/100
09. New York City: 16.8/100
10. San Francisco: 16.1/100
(Top 25)
11. Philadelphia
12. Atlanta
13. Edison, NJ
14. Chicago
15. Toronto
16. Oakland
17. Minneapolis-Saint Paul
18. Denver
19. Montreal
20. Austin
21. Houston
22. Huntsville
23. Phoenix
24. Wichita
25. Bethesda, MD
Source: 2009 North America High Tech
Fortune Global 500:
New York City-Newark-Bridgeport – 30
Chicago-Naperville-Michigan City – 10
San Francisco-Oakland-San Jose – 10
Minneapolis-St. Paul – 7
Houston-Bayton-Huntsville – 6
Atlanta-Sandy Springs-Gainsville– 5
Baltimore-Washington DC – 5
Boston-Providence – 5
Dallas-Fort Worth – 5
Los Angeles-Long Beach-Riverside– 5
Philadelphia-Wilmington – 5
Detroit-Warren- 4
Billionaire's In Designated Metropolitan Areas:
New York City: 77
Bay Area: 44
Los Angeles: 35
Dallas-Fort Worth: 26
Chicago: 20
Miami-Fort Lauderdale: 19
Washington DC-Baltimore: 13
Houston: 13
Las Vegas: 8
Seattle: 7
Boston: 7
Atlanta: 5
Denver: 5
Phoenix: 5
Detroit: 5
Minneapolis-Saint Paul: 5
San Antonio: 4
Millionaires in Designated Metropolitan Areas & Millionaires Annual Growth Rate:
1. New York City– 667,200, +18.7%
2. Los Angeles – 235,800, +13.3%
3. Chicago – 198,100, +15.1%
4. Washington, D.C. – 152,400 +19.3%
5. San Francisco – 138,300 +14.5%
6. Philadelphia – 104,100, +20.1%
7. Boston – 102,300, + 14.4%
8. Detroit – 89,100, +12.1%
9. Houston –- 88,200, +28.9%
10. San Jose — 86,500, +24.5%
Source: New York Has the Most Millionaires - The Wealth Report - WSJ
Quote:
Originally Posted by toredyvik
Also, is it a general consensus that Columbus is more important than Indy? I always saw them as pretty equal.
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They are. Columbus is growing a bit faster but honestly Indianapolis has a better economy for growth.
Quote:
Originally Posted by toredyvik
In the future, will the Twin Cities overtake Detroit for that #2 spot?
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Well by MSA GDP, it already has overtaken Detroit. By CSA GDP though it still has a few more years to go before it overtakes Detroit.
Quote:
Originally Posted by toredyvik
how long will it take?
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3-5 Years with current trends for it to surpass Detroit's CSA GDP. It already surpassed Detroit's MSA GDP this year actually.
Quote:
Originally Posted by toredyvik
what factors of change will be needed for Detroit to keep its silver medal?
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Well honestly, I view Minneapolis & Detroit to be on the same tier, neither of them by head and shoulders above the other.
Detroit is the one that is home to the niche industry that makes it one of the most valuable cities in the country (still). However Minneapolis leads Detroit in fields of its own.
They are interchangeable in my opinion, both have advantages over the other, but no clear cut winner just yet out of the two. Like for example Detroit CSA has University of Michigan at Ann Arbor and that is arguably the best public school in the Midwest, whereas Minneapolis has one of the most educated populations in the nation. Things alternate between the two for the most part.
However for my personal list, it goes as the following:
-1. Detroit/Minneapolis (Interchangeable)
-2. Minneapolis/Detroit (Interchangeable)
(Gap)
-3. Saint Louis
-4. Cincinnati
