--- title: The 5 Cities That Have Recovered Most—and Least—From the Recession description: Some areas have rebounded nicely since the financial crisis. But many have not. authors: - name: Jacob Davidson url: https://money.com/author/jacob-davidson/ at_money_since: 2014 articles: 106 covers: - Economy and Politics - Banking - Business - Career Advice - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/JakeD former_staff: true published: '2014-07-30T14:29:10.000Z' modified: '2024-04-16T04:05:10.000Z' section: Economy and Politics tags: - boise city - cities with high unemployment rate - Dallas - Denver - fayetteville - financial crisis - foreclosure - Great Recession - hard hit cities - home prices - Housing Market - irving - modesto - Newark - san bernardino - stockton word_count: 530 canonical: https://money.com/5-cities-recession-recovery-most-least/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![The 5 Cities That Have Recovered Most—and Least—From the Recession](https://img.money.com/2014/07/140729_rea_recovered_newark_2.jpg?quality=85&w=1012&h=569&crop=1) On Wednesday, the Department of Commerce announced the U.S. economy grew a healthy 4% in the second quarter of 2014. The good news aligns with other positive economic signals, [like an increase in hiring](https://time.com/2953438/jobs-report-unemployment-rate-economy/), and suggests the nation as a whole might be on the road to recovery. Unfortunately, this rosy picture hasn't been shared equally across the United States. Some areas have recovered well, while others have struggled. A [new report](http://wallethub.com/edu/most-least-recession-recovered-cities/5219/#) from personal finance social network [WalletHub](wallethub.com) highlights which municipalities have made the most progress toward normalcy since the downturn, and the areas that still have a way to go. To compile the list, WalletHub analyzed 18 economic metrics for the 180 largest U.S. cities, including the inflow of college-educated workers, the rate of new business growth, unemployment rates, and home price appreciation. Here are the results. **Most Recovered Cities** ![Klyde Warren Park, Dallas, Texas.](https://img.money.com/2014/07/140729_rea_recovered_dallas_1.jpg) *Home prices in Dallas have shot up since the crisis, bolstering the city's economy.* **1\. Laredo, Texas** Over the past seven years, this Southern Texas city's median income has increased 5% while the population has surged 13%. State-wide bankruptcy is down, and new business growth is up. **2\. Irving, Texas** Irving, sandwiched between Dallas and Fort Worth, earned high marks for rising median income (up 6% since 2007) and a decreasing ratio of part-time to full-time workers. The area has seen more college-educated workers moving in. **3\. Fayetteville, North Carolina** More workers moved from part-time to full-time gigs in this city than any other place. Plus more college-educated workers are coming than going, helping the population spike over 14% since 2007. **4\. Denver, Colorado** The Mile High City has seen a 12% jump in median income since the financial crisis. Most impressively, it's one of the few areas to have seen home prices completely recover (and then some) from the housing crash. **5\. Dallas, Texas** Dallas is still dealing with an increased ratio of part-time to full-time workers, but median income is up nearly 4% and home prices have appreciated a shocking 17% since the housing bubble burst. **Least Recovered Cities** ![Newark, New Jersey](https://img.money.com/2014/07/140729_rea_recovered_newark_2.jpg) *Newark, New Jersey is still struggling to come back from the financial crisis.* **1\. San Bernardino, California** This Southern California city ranks as the farthest away from a full recovery. Both income and housing prices have dropped since 2007, with median income down 4%, and home prices down 43%. San Bernardino's ratio of part-time to full-time jobs has also gone up nearly 14%. **2\. Stockton, California** This Northern California inland area isn't doing so well either. Incomes are down. Home prices have severely depreciated (down more than 43% from seven years ago), and the foreclosure rate is close to 18%. **3\. Boise City, Indiana** Residents of Boise City have suffered an 8% drop in their median income since the crisis. Despite there being increasingly more full-time work opportunities, relative to part-time roles, new business growth remains far below its pre-recession level, down roughly 11%. **4\. Newark, New Jersey** The median income remains down almost 5% in this urban area, adjacent to New York. Homes have been hit hard too. Housing prices are about 41% lower than they were in 2007. **5\. Modesto, California** This town, which neighbors depressed Stockton, also hasn't been able to break out of its post recession funk, likely because home prices remain down about 35%, and new business growth almost 9%. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/5-cities-recession-recovery-most-least/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Economy", "item": "https://money.com/economy/" }, { "@type": "ListItem", "position": 4, "name": "The 5 Cities That Have Recovered Most—and Least—From the Recession" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/5-cities-recession-recovery-most-least/#webpage", "url": "https://money.com/5-cities-recession-recovery-most-least/", "name": "The 5 Cities That Have Recovered Most—and Least—From the Recession", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2014-07-30T14:29:10.000Z", "mainEntity": { "@id": "https://money.com/5-cities-recession-recovery-most-least/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/5-cities-recession-recovery-most-least/#breadcrumb" }, "dateModified": "2024-04-16T04:05:10.000Z" }, { "@type": "Article", "headline": "The 5 Cities That Have Recovered Most—and Least—From the Recession", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2014/07/140729_rea_recovered_newark_2.jpg?quality=85", "width": 5472, "height": 3648 }, { "@type": "ImageObject", "url": "https://img.money.com/2014/07/140729_rea_recovered_dallas_1.jpg", "width": 800, "height": 371 }, { "@type": "ImageObject", "url": "https://img.money.com/2014/07/140729_rea_recovered_newark_2.jpg", "width": 800, "height": 373 } ], "author": [ { "@type": "Person", "name": "Jacob Davidson", "url": "https://money.com/author/jacob-davidson/", "@id": "https://money.com/author/jacob-davidson/#author", "image": "https://money.com/content.money.com/wp-content/uploads/2015/12/jake-davidson-2.jpg?crop=35px%2C18px%2C872px%2C872px&resize=640%2C640&quality=85&strip&ssl=1", "email": "jake.davidson@yoh.timeinc.com", "sameAs": [ "https://x.com/JakeD" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2014-07-30T14:29:10.000Z", "description": "Some areas have rebounded nicely since the financial crisis. 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