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Faster metropolitan growth rates are associated with lower incomes, greater income declines, and higher poverty rates, according to a study by Eben Fodor (pdf) for Fodor and Associates. The study finds that the 25 slowest-growing metro areas outperformed the 25 fastest growing in every category and averaged $8,455 more in per capita personal income in 2009.
Most cities in the U.S. have operated on the assumption that growth is inherently beneficial and that more and faster growth will benefit local residents economically. This examination of the 100 largest metro areas, representing 66% of the total U.S. population, shows those that have fared the best have the lowest growth rates. Even metro areas with stable or declining populations tended to fare better than fast-growing areas.
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