Monday, September 15, 2008

Most Affluent City in the U.S.A.

(via FotF's Pastor's Weekly Briefing)

The Census Bureau released its annual report on income and poverty last week. It may surprise you to learn that Plano, Texas, is the report's star among cities with populations of 250,000 or more. Plano has the highest income — median household income in 2007, $84,492 — and the lowest poverty rate. Plano is the home to corporate headquarters for Frito-Lay, JCPenney and other companies. Billionaire Ross Perot founded computer giant EDS and Perot Systems, both still based in Plano. Despite its affluence, the median home price is about $225,000.

The poorest city in the nation was Detroit — replacing Cleveland — with a median household income of $28,097. []

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