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Friday, October 24, 2014         

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Honolulu is the eighth-wealthiest U.S. city

By Erika Engle

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Honolulu is at No. 8 among the top 10 richest cities in America according to a consumer finance website.

CashAdvanceOnline.net prepared a list of the richest and poorest markets using U.S. Census Bureau data, and Honolulu is the eighth-richest.

It is preceded by, in order, No. 1 San Jose-Sunnyvale-Santa Clara, Calif., No. 2 Wash., D.C./Arlington-Alexandria Va., No. 3 Bridgeport-Stamford-Norwalk, Conn., No. 4 San Francisco-Oakland-Fremont, Calif., No. 5 Boston-Cambridge-Quincy, Mass., No. 6 Oxnard-Thousand Oaks-Ventura, Calif. and No. 7, Anchorage, Alaska.

Honolulu is followed by No. 9 Manchester-Nashua, N.H. and No. 10, Napa, Calif.

Conversely, the site found the top 10 poorest markets to be Brownsville-Harlingen, Texas at No. 1, No. 2, Dalton, Ga., No. 3 McAllen-Edinburg-Mission, Texas, No. 4 Gadsden, Ala., No. 5, Lake Havasu City-Kingman, Ariz., No. 6 Albany, Ga., No. 7, Monroe, La., No. 8, Cumberland, Md., No. 9, Fort Smith, Arkansas, and No. 10, Pine Bluff, Ark.

In some cases the markets extend beyond the city named, into the adjacent state.

Analysts used a range of indices to calculate which metropolitan areas are the poorest and richest, including income levels and poverty rates.

The 10 poorest markets have higher proportions of residents living below the federally defined poverty level. While 15.9 percent of Americans overall live in poverty, the number is at 36 percent in Brownsville, Texas, which is the highest in the nation, the report said.






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