Most Recession-Proof Cities in the US

Most Recession-Proof Cities in the US

Everything’s bigger in Texas, right? The state might adjust its slogan to “everything’s better in Texas.” Because according to CNN Money, six of the top 21 cities performing strong in the face of the recession are in the Lone Star state.

MetroMonitor, a quarterly report released by Brookings Institute’s Metropolitan Policy Program, ranked¬†21 large metro areas based on keeping their labor and housing markets stable and posting robust economic activity during the past few years. In fact, all but five of the 21 leading cities are performing even better than they did just prior to the recession.

“Most of these cities have some general characteristics in common,” said Howard Weil, author of the report and a fellow at the Metropolitan Policy Program. “They didn’t experience huge housing bubbles followed by a crash, and their economies weren’t rooted in the auto industry.” In addition, a¬†number of the cities are also government centers, like Austin, where job cuts have been limited and spending remains healthy.

Here’s the list of the top 21 recession-proof cities:

1. Albany, NY

2. Augusta, GA

3. Austin, TX

4. Baton Rouge, LA

5. Buffalo, NY

6. Columbia, SC

7. Dallas, TX

8. Des Moines, IA

9. El Paso, TX

10. Honolulu, HI

11. Houston, TX

12. Jackson, MS

13. Little Rock, AK

14. Madison, TX

15. McAllen, TX

16. Oklahoma City, OK

17. Omaha, NE

18. Rochester, NY

19. San Antonio, TX

20. Tulsa, OK

21. Washington, DC

Some of the cities are a bit of a surprise. I hail from Buffalo, and I really wonder if it’s a “recession-proof” city. Maybe this ranking is less about a breadth of opportunity and more about the fact that things haven’t really changed because of the recession.

It’s not a surprise that Dallas made the list, considering it was recently named the fastest-growing city in the country!

Photo: Dallas Convention & Visitors Bureau