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Posted: August 08, 2018

Atlanta tied as No.1 city for economic prosperity among African-Americans, study finds


Local | WSBTV

ATLANTA —

Atlanta is the No. 1 city in the U.S. , where African Americans are faring the best economically (tied with Washington, D.C.), according to a report released by Forbes earlier this year

The City of Atlanta tweeted the study's findings this week with the hashtag #CityOfOpportunity. 

Two of the major markers for economic prosperity are  home ownership and self-employment, the study revealed. 

According to Forbes, 20% of the metro Atlanta area's black working population is self-employed, the highest proportion in the nation.

Home ownership rates in Atlanta average 44.7 percent, compared to the national average of 41 percent.


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Though D.C. comes out on top when it comes to median household income for African-Americans at $69,246, the cost of living in Atlanta is much lower. The average black household income in Atlanta averages around $48,161.

According to Forbes, Atlanta's African American population is bolstered by its historically black universities, its strong middle class and a thriving black entertainment scene. 

Overall, the majority of the top 20 cities with the best economic opportunities for African-Americans are in the South, according to the report. The top 10 were all in the South:

1, 2: TIE: Washington, DC/ Atlanta, Ga. 

3. Austin, Tx. 

4. Baltimore, Md. 

5. Raleigh, N.C.

6. Charlotte, N.C.

7. San Antonio, Tx. 

8. Houston, Tx.

9. Miami, Fl. 

10. Richmond, Va. 


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