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Old 11-09-2015, 04:00 PM
 
Location: Baltimore MD
513 posts, read 400,889 times
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As a measure of gross metropolitan product per capita These Are the 20 Richest Cities in America - Bloomberg Business

I assume this is mainly due to RTP, Duke Medical Center and UNC Medical center comprising a big part of the metro.
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Old 11-09-2015, 07:22 PM
 
Location: Triangle area North Carolina
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Wow, Durham ranks higher in this measure than New York City. You're right, undoubtedly, the health care centers plus RTP does it. And if that's so this trend will likely continue...
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Old 11-10-2015, 07:14 AM
 
Location: Durham, NC
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Note that this is a GDP-equivalent -- not personal wealth.

But, it does speak to the phenomenal economic engine that is RTP, Duke and UNC. It also helps that the denominator of that calculation (per capita) is smaller -- 512k for the Durham-Chapel Hill MSA, vs. 1.1m for Wake Co.

And, it doesn't factor in where residents live -- we still have the phenomenon of Wake-to-Durham commutes in a big way.
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Old 11-10-2015, 08:04 AM
 
Location: Raleigh NC
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Who at a business magazine would entitle a stat on per capita PRODUCTION as equating to being RICH?
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Old 11-10-2015, 09:02 AM
 
Location: Durham, NC
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Quote:
Originally Posted by BoBromhal View Post
Who at a business magazine would entitle a stat on per capita PRODUCTION as equating to being RICH?
Well, in fairness, they talk about them being "rich cities" or "high-output cities," which is correct. I have cringed more at seeing people butcher the stat in 140 characters on Twitter or an attempt at a bon mot on Facebook.
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Old 11-10-2015, 05:35 PM
 
Location: South Beach and DT Raleigh
11,558 posts, read 17,956,388 times
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Quote:
Originally Posted by Bull City Rising View Post
Note that this is a GDP-equivalent -- not personal wealth.

But, it does speak to the phenomenal economic engine that is RTP, Duke and UNC. It also helps that the denominator of that calculation (per capita) is smaller -- 512k for the Durham-Chapel Hill MSA, vs. 1.1m for Wake Co.

And, it doesn't factor in where residents live -- we still have the phenomenon of Wake-to-Durham commutes in a big way.
tru dat!
All one has to do is watch the 40 rush hour to know that's the case.
The Durham/Chapel Hill MSA oversupplies high income jobs relative to its size.
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