Rose City cracks top-15 on list compiled by Bloomberg.
BY JACOB PALMER | DIGITAL NEWS EDITOR
Portland cracked the top-15 on a list of the country’s richest cities compiled by Bloomberg.
It landed in 12th place with a gross metropolitan product per capita of $64,991 in 2014.
“It’s no surprise that these high-output cities also have some of the densest concentrations of educated workers, reflecting the soaring returns to schooling in today’s job market,” Bloomberg wrote. “Harvard University professor Edward Glaeser says the diverging fates of high-skilled and low-skilled regions has been one of the most significant trends in the U.S. economy as well as other developed economies over the last three decades.”
Portland is benefiting from its relatively high (and growing) number of relatively educated workers, at least in these statistics.
(SOURCE: OregonLive.com)
How the other big cities in the West fared:
- 1. San Jose ($105,482)
- 3. San Francisco ($80,643)
- 4. Seattle ($75,874)
- 16. Denver ($61,903)
- 17. Los Angeles ($60,148)
- 18. Salt Lake City ($59,558)
- 20. San Diego ($58,540)
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