If you stick with us to the end, you’ll find out which are the America’s 25 richest cities.
What makes a city rich? Is it the people, the culture, or infrastructure? Well, mostly all of that and more, but today we are talking about numbers and the economy. As you may already know, the United States is the world’s largest economy. The reasons for this lie in high average incomes, technical innovations, modest unemployment and number of other factors. The country’s nominal GDP (gross domestic product) in 2017 was $19.4 trillion and is projected to grow up to $23.7 trillion in 2022. Nominal GDP represents the market value of services and goods from one nation in a year without taking into account the cost of living differences among the countries.
Another way to compare the wealth of nations is to take in consideration the PPP (purchasing power parity). GDP based on PPP is considered more useful for comparison since it takes more factors into consideration, including inflation rates and cost of local goods and services. China is the country that has the largest GDP based on PPP in the world. The current figure stands at $23.1 trillion, while the estimated figure in 2022 is $34.3 trillion. Before we turn to riches once again, you can check out our list of 25 Poorest Cities in America in 2017.
In order to create the list of America’s 25 richest cities, we combined the rankings of metropolitan areas on a national level in terms of GDP and Per Capita Personal Income. Although there were no data available past 2015, this list should give you a good idea where the money lies in the United States. Let’s now start with the list.