In a study released February 5 in conjunction with Black History Month, personal finance website SmartAsset puts Grand Prairie in a tie with Virginia Beach, Virginia, as the place where Black Americans fare best economically. SmartAsset took into account six factors in analyzing 129 of the largest U.S. cities: median Black household income, Black homeownership rate, share of Black adults with a bachelor’s degree, share of business owners who are Black, Black participation in the workforce, and Black poverty rate.
“Nationwide, when it comes to wealth and personal finance success, Black Americans have struggled more compared to the rest of the population. ... In some parts of the country, however, economic outcomes for Black Americans are more favorable,” the study says.
Irving, tied for No. 14 with Nashville. Of the DFW cities in the top 25, it ranks third for Black household income ($60,672).
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