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The wealthy are moving to these former industrial cities

GOBankingRates Logo By Andrew DePietro of GOBankingRates | Slide 1 of 14: Deindustrialization is a phenomenon that hit the U.S. particularly hard in the years after 1950. Cities across the Northeast and Midwest hemorrhaged manufacturing and related industrial businesses, and as the jobs disappeared, so did much of the population. But in recent years, many former industrially dominated cities have been making a comeback — and bringing much wealth with them.
GOBankingRates conducted a study to determine which cities have seen the biggest increase in wealth and wealthy residents by analyzing more than 6,000 cities. The main criteria were the growth in top-earning households over a five-year period and since 2000, using U.S. Census data, as well as economic data on changes in employment by industry. Read on to find out which former industrial cities are drawing the wealthy to them.

The wealthy are moving to these former industrial cities

Deindustrialization is a phenomenon that hit the U.S. particularly hard in the years after 1950. Cities across the Northeast and Midwest hemorrhaged manufacturing and related industrial businesses, and as the jobs disappeared, so did much of the population. But in recent years, many former industrially dominated cities have been making a comeback — and bringing much wealth with them.

GOBankingRates conducted a study to determine which cities have seen the biggest increase in wealth and wealthy residents by analyzing more than 6,000 cities. The main criteria were the growth in top-earning households over a five-year period and since 2000, using U.S. Census data, as well as economic data on changes in employment by industry. Click or swipe through to find out which former industrial cities are drawing the wealthy to them.

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