Southfield ranked as top U.S. city for black women to flourish financially by MoneyGeek
February 24, 2024
The City of Southfield was again ranked as the top city in the U.S. for black women to flourish financially by MoneyGeek.com!
MoneyGeek ranked 164 cities with populations greater than 65,000 from the best to the worst for Black women. The ranking includes analysis of income, poverty rate, homeownership, educational attainment and health insurance gaps between Black women and the entire population nationally and locally. The size of the local Black population and the cost of crime in the area were included in the ranking to reflect the presence of the Black community and safety, respectively. Southfield — a suburb of Detroit — and Pearland — a Houston suburb — ranked as the top two cities in the analysis. Notably, Southern cities make up the majority of cities in the top 25, with 13 located in this region.
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Suburban cities of large metropolitan areas ranked highest. Southfield — outside of Detroit — and Pearland — a suburb of Houston — ranked highest in the analysis.
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The South is home to 13 of the top 25 cities for Black women, led by Pearland, Texas; Port St. Lucie, Florida; and Garland, Texas.
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Minneapolis, Minnesota, ranks at the bottom due to significant income and health insurance disparities for Black women compared to white men.
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Miami has the second-lowest overall ranking and second-largest income gap of the cities analyzed, with Black women earning only over a third of what white men make.
Income disparity is a key measure of how well Black women are doing today. For each city in the analysis, MoneyGeek calculated the local Equal Pay Day — the day in the following year when Black women would make an equivalent amount as white men — using the median income of Black women working full time and the median income of white men working full time in each locality.
Read the full article:
www.moneygeek.com/living/best-cities-black-women/
