Tag Archives: Midwest

Peer and Columbus Metro GDP Comparison

Posted on by
Reply



Metro GDP comparison

This metro GDP comparison is based on information from the Bureau of Economic Analysis.

Rank of Major Midwest Metros and Columbus National Peers by GDP, 2001, 2010 and 2015
In Millions
2001——————————————–2010————————————-2015
1. Chicago, IL: $416,444————-1. Chicago: $533,825————–1. Chicago: $640,656
2. Detroit, MI: $190,921———–2. Minneapolis: $199,606——-2. Minneapolis: $248,779
3. Minneapolis, MN: $148,192—–3. Detroit: $197,973—————–3. Detroit: $245,607
4. San Jose, CA: $125,037———4. San Jose: $163,836———–4. San Jose: $235,222
5. St. Louis, MO: $102,385———5. Portland: $141,233————5. Portland: $158,770
6. Pittsburgh, PA: $88,769———-6. St. Louis: $133,888———6. St. Louis: $155,077
7. Cleveland: $87,796————-7. Pittsburgh: $117,895———-7. Charlotte: $152,447
8. Portland, OR: $80,753———8. Charlotte: $114,500————8. Pittsburgh: $138,873
9. Cincinnati: $79,638————-9. Indianapolis: $111,084——-9. Indianapolis: $134,081
10. Kansas City, MO: $79,544—-10. Cleveland: $109,365—–10. Cleveland: $128,448
11. Charlotte, NC $78,675———11. Kansas City: $107,265—11. Cincinnati: $127,057
12. Indianapolis, IN: $78,009——-12. Cincinnati: $104,314—-12. Kansas City: $125,618
13. Columbus: $74,172————-13. Orlando: $101,307——–13. Columbus: $124,381
14. Sacramento, CA: $66,696—–14. Columbus: $96,475——14. Orlando: $121,329
15. Orlando, FL: $66,644———–15. Sacramento: $96,015—-15. Austin: $119,949
16. Milwaukee, WI: $65,033——–16. Austin: $87,473———-16. Sacramento: $118,822
17. Nashville, TN: $58,245———17. Milwaukee: $86,569—–17. Nashville: $113,680
18. Las Vegas, NV: $57,035——-18. Las Vegas: $85,020—–18. San Antonio: $108,879
19. Virginia Beach, VA: $54,040—-19. Nashville: $84,804—19. Las Vegas: $103,343
20. Austin, TX: $53,915——20. Virginia Beach: $82,685—–20. Milwaukee: $102,209
21. San Antonio, TX: $53,248—21. San Antonio: $81,722—21. Virginia Beach: $95,680
22. Providence, RI: $49,997——-22. Providence: $67,754—-22. Providence: $78,694
23. Grand Rapids, MI: $35,248—-23. Omaha: $47,711——-23. Omaha: $59,090
24. Omaha, NE: $32,044——–24. Grand Rapids: $41,221–24. Grand Rapids: $53,949
25. Dayton: $29,658————–25. Dayton: $34,226————25. Dayton: $39,206
26. Toledo: $22,216————–26. Akron: $28,628————–26. Akron: $34,419
27. Akron: $21,684—————27. Toledo: $27,158————-27. Toledo: $34,019
28. Youngstown: $15,314——28. Youngstown: $17,293——28. Youngstown: $21,417

Rank by Total Change in Millions 2001-2015
1. Chicago: +$224,212
2. San Jose: +$110,185
3. Minneapolis: +$100,587
4. Portland: +$78,017
5. Charlotte: +$73,772
6. Austin: +$66,034
7. Indianapolis: +$56,072
8. San Antonio: +$55,631
9. Nashville: +$55,435
10. Detroit: +$54,686
11. Orlando: +$54,685
12. St. Louis: +$52,692
13. Sacramento: +$52,126
14. Columbus: +$50,209
15. Pittsburgh: +$50,104
16. Cincinnati: +$47,419
17. Las Vegas: +$46,308
18. Kansas City: +$46,074
19. Virginia Beach: +$41,640
20. Cleveland: +$40,652
21. Milwaukee: +$37,176
22. Providence: +$28,697
23. Omaha: +$27,046
24. Grand Rapids: +$18,701
25. Akron: +$12,735
26. Toledo: +$11,803
27. Dayton: +$9,548
28. Youngstown: +$6,103

Rank by Total Change in Millions 2010-2015
1. Chicago: +$106,831
2. San Jose: +$71,386
3. Minneapolis: +$49,173
4. Detroit: +$47,634
5. Charlotte: +$37,947
6. Austin: +$32,476
7. Nashville: $28,876
8. Columbus: +$27,906
9. San Antonio: +$27,157
10. Indianapolis +$22,997
11. Sacramento: +$22,807
12. Cincinnati: +$22,743
13. St. Louis: +$21,189
14. Pittsburgh: +$20,978
15. Orlando: +$20,022
16. Cleveland: +$19,083
17. Kansas City: +$18,353
18. Las Vegas: +$18,323
19. Portland: +$17,537
20. Milwaukee: +$15,640
21. Virginia Beach: +$12,995
22. Grand Rapids: +$12,728
23. Omaha: +$11,379
24. Providence: +$10,940
25. Toledo: +$6,861
26. Akron: +$5,791
27. Dayton: +$4,980
28. Youngstown: +$4,124

Total Rank by % Change 2001-2015
1. Austin: +122.48%
2. San Antonio: +104.48%
3. Portland: +96.61%
4. Nashville: +95.18%
5. Charlotte: +93.77%
6. San Jose: +88.12%
7. Omaha: +84.40%
8. Orlando: +82.06%
9. Las Vegas: +81.19%
10. Sacramento: +78.15%
11. Virginia Beach: +77.05%
12. Indianapolis: +71.88%
13. Minneapolis: +67.88%
14. Columbus: +67.69%
15. Cincinnati: +59.54%
16. Akron: +58.73%
17. Kansas City: +57.92%
18. Providence: +57.40%
19. Milwaukee: +57.16%
20. Pittsburgh: +56.44%
21. Chicago: +53.84%
22. Toledo: +53.13%
23. Grand Rapids: +53.06%
24. St. Louis: +51.46%
25. Cleveland: +46.30%
26. Youngstown: +39.85%
27. Dayton: +32.19%
28. Detroit: +28.64%

Total Rank by % Change 2010-2015
1. San Jose: +43.57%
2. Austin: +37.13%
3. Nashville: +34.05%
4. San Antonio: +33.23%
5. Charlotte: +33.14%
6. Grand Rapids: +30.88%
7. Columbus: +28.93%
8. Toledo: +25.26%
9. Minneapolis: +24.64%
10. Detroit: +24.06%
11. Omaha: +23.85%
12. Youngstown: +23.85%
13. Sacramento: +23.75%
14. Cincinnati: +21.80%
15. Las Vegas: +21.55%
16. Indianapolis: +20.70%
17. Akron: +20.23%
18. Chicago: +20.01%
19. Orlando: +19.76%
20. Milwaukee: +18.07%
21. Pittsburgh: +17.79%
22. Cleveland: +17.45%
23. Kansas City: +17.11%
24. Providence: +16.15%
25. St. Louis: +15.83%
26. Virginia Beach: +15.72%
27. Dayton: +14.55%
28. Portland: +12.42%

Finally, let’s take a look at per-capita GDP and income.

Rank of Metros by Per-Capita GDP in Dollars, 2015
1. San Jose: $112,851
2. Minneapolis: $63,474
3. Portland: $62,229
4. Chicago: $59,688
5. Indianapolis: $59,479
6. Milwaukee: $58,219
7. Omaha: $57,334
8. Cleveland: $56,013
9. Nashville: $55,841
10. Charlotte: $55,610
11. Pittsburgh: $55,335
12. Austin: $55,323
13. Columbus: $55,005
14. Kansas City: $54,097
15. Cincinnati: $52,649
16. Detroit: $51,428
17. Virginia Beach: $49,606
18. Toledo: $49,428
19. St. Louis: $49,258
20. Sacramento: $46,697
21. Grand Rapids: $46,677
22. Orlando: $45,756
23. Akron: $44,246
24. Dayton: $43,748
25. Providence: $43,744
26. Las Vegas: $43,476
27. San Antonio: $42,169
28. Youngstown: $34,960

Total Growth 2001-2015 by Rank, in Dollars
1. San Jose: +$40,677
2. Portland: +$18,225
3. Pittsburgh: +$10,064
4. Austin: +$9,925
5. Toledo: +$7,414
6. Virginia Beach: +$7,256
7. Nashville: +$7,071
8. Cleveland: +$6,767
9. Milwaukee: +$6,744
10. Omaha: +$6,581
11. Akron: +$6,167
12. Minneapolis: +$5,900
13. Providence: +$5,560
14. Chicago: +4,663
15. San Antonio: +$4,652
16. Cincinnati: +$4,426
17. Youngstown: +$4,391
18. Sacramento: +$3,210
19. Columbus: +$3,182
20. Indianapolis: +$2,984
21. Grand Rapids: +$2,971
22. Charlotte: +$2,880
23. Kansas City: +$2,770
24. St. Louis: +$2,699
25. Detroit: +$2,011
26. Dayton: +$162
27. Orlando: -$1,630
28. Las Vegas: -$5,041

Total Per-Capita GDP Growth 2010-2015, in Dollars
1. San Jose: +$23,814
2. Toledo: +$6,242
3. Pittsburgh: +$6,172
4. Nashville: +$5,643
5. Detroit: +$5,459
6. Austin: +$5,307
7. Grand Rapids: +$5,158
8. Youngstown: +$4,987
9. San Antonio: +$4,878
10. Columbus: +$4,864
11. Minneapolis: +$4,644
12. Charlotte: +$4,578
13. Chicago: +$4,004
14. Cleveland: +$3,992
15. Cincinnati: +$3,986
16. Akron: +$3,774
17. Milwaukee: +$2,913
18. Omaha: +$2,863
19. Sacramento: +$2,680
20. Providence: +$1,902
21. St. Louis: +$1,884
22. Dayton: +$1,439
23. Kansas City: +$1,270
24. Indianapolis: +$1,186
25. Virginia Beach: +$998
26. Las Vegas: +$206
27. Portland: -$992
28. Orlando: -$1,345

What the numbers suggest is that Columbus was performing at a middle-mediocre level in the first half of the 2001-2015 period, and has generally been performing significantly better in the latter half. In Ohio, Columbus is poised to become Ohio’s largest metro economy over the next few years.



Young Professionals and the City: A Comparison

Posted on by
Reply




young professionals

Millennials- those born roughly between 1981 and 2001- are big news these days. They are the largest generation ever in terms of total numbers (exceeding 76 million), and their choices are already having big impacts on everything from housing to the economy. I wanted to look at Columbus and its peers to see where it ranks in terms of attracting these young professionals.

For the comparison, I looked at metro areas of 1.5-2.5 million as well as major Midwest metros and then used their core cities to get the numbers. I used the age group of 25-34 specifically, as that is usually the number most often cited in the news.

Rank of Total Population Aged 25-34
2005_______________________2010___________________2014
1. Chicago: 463,236_______1. Chicago: 510,042_______1. Chicago: 525,381
2. San Antonio: 180,981_____2. San Antonio: 200,645____2. San Antonio: 226,711
3. Austin: 137,523_________3. Austin: 162,247_________3. Austin: 199,838
4. San Jose, CA: 133,144___4. Columbus: 147,584______4. Columbus: 170,759
5. Columbus: 131,641______5. San Jose, CA: 142,551___5. San Jose, CA: 153,690
6. Indianapolis: 114,532_____6. Indianapolis: 133,088____6. Charlotte, NC: 141,869
7. Detroit: 110,759_________7. Charlotte, NC: 127,539___7. Indianapolis: 140,491
8. Charlotte, NC: 100,025____8. Portland, OR: 113,210___8. Portland, OR: 116,109
9. Portland, OR: 90,023_____9. Milwaukee: 97,359______9. Milwaukee: 100,205
10. Las Vegas: 84,418______10. Detroit: 85,023________10. Minneapolis: 90,662
11. Milwaukee: 82,060______11. Minneapolis: 81,532____11. Las Vegas: 90,441
12. Sacramento, CA: 75,497___12. Las Vegas: 81,212____12. Detroit: 89,843
13. Minneapolis: 74,208___13. Sacramento, CA: 78,527__13. Sacramento, CA: 84,013
14. Kansas City, MO: 68,060__14. Kansas City: 73,872__14. Kansas City, MO: 79,262
15. Virginia Beach: 60,749__15. Virginia Beach: 67,614__15. Virginia Beach: 75,543
16. Omaha, NE: 56,248____16. Omaha, NE: 62,396_____16. Omaha, NE: 71,040
17. Wichita, KS: 52,426____17. St. Louis: 57,627_______17. Pittsburgh: 62,473
18. Cleveland: 50,558_____18. Wichita, KS: 56,737_____18. St. Louis: 61,718
19. St. Louis: 48,137______19. Cleveland: 54,428______19. Wichita, KS: 58,334
20. Cincinnati: 44,945_____20. Pittsburgh: 51,109______20. Cleveland: 56,134
21. Toledo: 43,134_______21. St. Paul, MN: 50,107_____21. St. Paul, MN: 54,464
22. Orlando: 40,846______22. Cincinnati: 49,067_______22. Orlando: 54,395
23. St. Paul, MN: 39,676__23. Orlando: 48,102________23. Cincinnati: 54,247
24. Lincoln, NE: 38,893___24. Madison, WI: 44,662_____24. Madison, WI: 44,835
25. Madison, WI: 38,826___25. Lincoln, NE: 42,034_____25. Toledo: 43,661
26. Pittsburgh: 38,744____26. Toledo: 41,580_________26. Lincoln, NE: 40,071
27. Grand Rapids: 35,287__27. Fort Wayne, IN: 35,193__27: Grand Rapids: 38,922
28. Des Moines: 32,640__28. Providence, RI: 31,044__28. Fort Wayne, IN: 37,741
29. Fort Wayne, IN: 31,738__29. Grand Rapids: 30,963__29. Des Moines: 33,857
30. Akron: 30,436_______30. Des Moines: 30,376_____30. Providence, RI: 31,902
31. Providence, RI: 29,307__31. Akron: 27,446________31. Akron: 28,207
32. Dayton: 18,591_______32. Dayton: 20,278________32. Dayton: 21,096
33. Youngstown: 8,505____33. Youngstown: 8,484_____33. Youngstown: 8,468

So Columbus ranks highly among total population in the 25-34 age group. But what about growth?

Total Growth Rank in 25-34 Population 2005-2014
1. Austin, TX: 62,315
2. Chicago: 62,145
3. San Antonio, TX: 45,730
4. Charlotte, NC: 41,844
5. Columbus: 39,118
6. Portland, OR: 26,086
7. Indianapolis: 25,959
8. Pittsburgh: 23,729
9. San Jose, CA: 20,546
10. Milwaukee, WI: 18,145
11. Minneapolis, MN: 16,454
12. Virginia Beach, VA: 14,794
13. St. Paul, MN: 14,788
14. Omaha, NE: 14,612
15. St. Louis, MO: 13,581
16. Orlando, FL: 13,549
17. Kansas City, MO: 11,202
18. Cincinnati: 9,302
19. Sacramento, CA: 8,516
20. Las Vegas, NV: 6,023
21. Madison, WI: 6,009
22. Fort Wayne, IN: 6,003
23. Wichita, KS: 5,908
24. Cleveland: 5,576
25. Grand Rapids, MI: 3,635
26. Providence, RI: 2,595
27. Dayton: 2,505
28. Des Moines, IA: 1,217
29. Lincoln, NE: 1,178
30. Toledo: 527
31. Youngstown: -37
32. Akron: -2,229
33. Detroit: -20,736

Again, Columbus ranks near the top during this period. What about more recently, since 2010?

Total Growth Rank of 25-34 Population 2010-2014
1. Austin: 37,591
2. San Antonio: 26,066
3. Columbus: 23,175
4. Chicago: 15,339
5. Charlotte: 14,330
6. Pittsburgh: 11,364
7. San Jose: 11,139
8. Las Vegas: 9,229
9. Minneapolis: 9,130
10. Omaha: 8,644
11. Grand Rapids: 7,959
12. Virginia Beach: 7,929
13. Indianapolis: 7,403
14. Orlando: 6,293
15. Sacramento: 5,486
16. Kansas City: 5,390
17. Cincinnati: 5,180
18. Detroit: 4,820
19. St. Paul: 4,357
20. St. Louis: 4,091
21. Des Moines: 3,481
22. Portland: 2,899
23. Milwaukee: 2,846
24. Fort Wayne: 2,548
25. Toledo: 2,081
26. Cleveland: 1,706
27. Wichita: 1,597
28. Providence: 858
29. Dayton: 818
30. Akron: 761
31. Madison: 173
32. Youngstown: -16
33. Lincoln: -1,963

So Columbus is doing even better since 2010 than it did in the earlier period and attracts significantly more Millennials in the 25-34 age group than cities often cited for this very metric.

Next, let’s look at percentage growth, as city size can affect this.

Total Percent Growth 2005-2014 in 25-34 Population
1. Pittsburgh: +61.25%
2. Austin: +45.31%
3. Charlotte: +41.83%
4. St. Paul: +37.27%
5. Orlando: +33.17%
6. Columbus: +29.72%
7. Portland: +28.98%
8. St. Louis: +28.21%
9. Omaha: +25.89%
10. San Antonio: +25.27%
11. Virginia Beach: +24.35%
12. Indianapolis: +22.67%
13. Minneapolis: +22.17%
14. Milwaukee: +22.11%
15. Cincinnati: +20.70%
16. Fort Wayne: +18.91%
17. Kansas City: +16.46%
18. Madison: +15.48%
19. San Jose: +15.43%
20. Dayton: +13.47%
21. Chicago: +13.42%
22. Sacramento: +11.28%
23. Wichita: +11.27%
24. Cleveland: +11.03%
25. Grand Rapids: +10.30%
26. Providence: +8.85%
27. Las Vegas: +7.13%
28. Des Moines: +3.73%
29. Lincoln: +3.03%
30. Toledo: +1.22%
31. Youngstown: -0.44%
32. Akron: -7.32%
33. Detroit: -18.75%

So Columbus again performs well in percentage growth, despite having one of the largest populations in the age group. It performs even better in the period since 2010, coming in at 3rd place.

Finally, now that we know the totals and the growth, what is the % of total city population that the 25-34 age group makes up?

25-34 % of Total City Population 2014
1. Minneapolis: 22.27%
2. Austin: 21.89%
3. Orlando: 20.73%
4. Pittsburgh: 20.45%
5. Columbus: 20.42%
6. Grand Rapids: 20.08%
7. St. Louis: 19.44%
8. Chicago: 19.30%
9. Portland: 18.74%
10. St. Paul: 18.30%
11. Madison: 18.25%
12. Cincinnati: 18.19%
13. Providence: 17.81%
14. Charlotte: 17.52%
15. Sacramento: 17.32%
16. Kansas City: 16.84%
17. Virginia Beach: 16.75%
18. Milwaukee: 16.71%
19. Indianapolis: 16.50%
20. Des Moines: 16.19%
21. Omaha: 15.91%
22. San Antonio: 15.78%
23. Toledo: 15.54%
24. San Jose: 15.13%
25. Wichita: 15.02%
26. Dayton: 14.96%
27. Fort Wayne: 14.74%
28. Las Vegas: 14.74%
29. Lincoln: 14.68%
30. Cleveland: 14.41%
31. Akron: 14.26%
32. Detroit: 13.21%
33. Youngstown: 13.02%

And here’s a simple % of population projection for just 4 years from now, 2018, provided the 25-34 population grows the same between 2014-2018 as it did 2010-2014.
1. Pittsburgh: 24.18%
2. Grand Rapids: 23.71%
3. Austin: 23.38%
4. Minneapolis: 23.27%
5. Columbus: 22.16%
6. Orlando: 21.34%
7. St. Louis: 20.82%
8. Cincinnati: 19.85%
9. Chicago: 19.70%
10. St. Paul: 19.05%
11. Providence: 18.20%
12. Portland: 18.14%
13. Virginia Beach: 18.1%
14. Sacramento: 17.84%
15. Charlotte: 17.67%
16. Kansas City: 17.64%
17. Des Moines: 17.50%
18. Madison: 17.40%
19. Milwaukee: 17.07%
20. Indianapolis: 16.85%
21. Omaha: 16.61%
22. Toledo: 16.59%
23. San Antonio: 16.52%
24. Fort Wayne: 15.61%
25. Las Vegas: 15.59%
26. Dayton: 15.27%
27. San Jose: 15.24%
28. Wichita: 15.23%
29. Cleveland: 15.08%
30. Akron: 14.73%
31. Detroit: 14.48%
32. Youngstown: 13.35%
33. Lincoln: 13.13%

Columbus has an existing large population of the 25-34 age demographic, and looks to be one of the strongest performers into the near future.
Some would ask why that would be considering that Columbus transit is woefully lacking and has a reputation (very undeservedly, in my opinion) of being suburban- characteristics that Millennials supposedly almost universally reject. Perhaps the bottom line is that economics trump all other desires. Cost of living and employment tend to be higher up the list than rail lines, and Columbus has both a strong economy and relatively low COL. Whatever the case may be, Columbus seems to be doing something right. Continue this look at this population in Part 2.