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10 Best Financial Cities for Black People
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Feb 6, 2025
#bestcities #blackhistory #blackexperience #travel These 10 cities have come out at the top for the best metro areas financially for Black people. These are the WORST 10 cities: https://youtu.be/KWswXB7IHM4?si=zUNLCBO8lZdSZ4dI Subscribe to our channel so you don't miss any future videos! Check out the books we love and recommend in our Black Excellence Book Club: https://www.blackexcellence.com/store/ Some links are affiliate links, which means we earn a very tiny commission if you make a purchase. __________________________________________________________ Sharing interesting and noteworthy stories in Black culture. All content provided by Black Excellence Media, LLC is for entertainment purposes only. None of the information or advice provided is to replace professional advice. Website: https://blackexcellence.com
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in our last video on the top 10 worst
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cities for blacks financially it
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garnered a lot of conversation most of
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the comments suggested that the list was
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pretty accurate and you know I'm looking
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at you Ohio the comments also had a
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request for the inverse of that list the
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top 10 cities where blacks are also
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doing the best financially and that's
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what we have for you today a couple of
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things I wanted to point out that I
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should have pointed out in our last
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video the median household income for
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the general US population was
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$775 40
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in the year that this survey was
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conducted and the home ownership rate in
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the US is
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65.6% so when we talk about black
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numbers for those two things that's what
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you can compare it to okay now let's get
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to our list going from the number 10
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spot to the number one best city for
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blacks financially and number 10 we have
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Ogden Utah when I first saw this city on
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the list for best places for black
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people my reaction was there are black
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people in Utah then I looked up the
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numbers on Ogden and just like I thought
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of the approximately 87,000 people only
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2% are black so really there are
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practically no black people in Utah or
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at least in Ogden but the 2% black
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population there has a 62,000 median
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household income and a 43% home
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ownership rate Ogden has the second
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lowest unemployment rate for this list
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at 3.9% and 26% of the black households
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here make over 100k time to get on my
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hiking boots and maybe head to Utah and
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number nine we have Baltimore Maryland
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now before the comments start to go
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crazy I know that this is a very
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controversial City according to our
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previous videos we've had Baltimore on a
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list of best cities for black people and
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tons of people in the comments went
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absolutely nuts saying Baltimore is a
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horrible City I have to go see it for
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myself but according to the numbers it's
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one of the best cities to live in at
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least financially the black median
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household income here is
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9,374 th000 and 28% of households make
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over
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$100,000 the home ownership rate is 47%
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with 28% of the black residents holding
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a bachelor's degree or higher if you
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live in Baltimore or you've lived there
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before please let me know in the
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comments your opinion on this city I
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might end up filming like a small
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documentary to see where all the rich
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people are or what's going on in this
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city is there just tons of people making
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a lot of money and then a lot of poor
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people because I get roasted in the
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comments every time I even mention this
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city and keep in mind these are the
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Metro areas we're talking about so it's
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Baltimore and the surrounding areas and
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number eight we have a city I can't wait
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to see one day and that's Raleigh North
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Carolina now this is a city I've always
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been curious about because I've heard of
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all the black entrepreneurship going on
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here I got really close when I went to
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Durham one time but I have not had the
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chance to actually check out rally a
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little side fact that I learned recently
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we've all heard of Black Wall Street but
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there was actually a black Main Street
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you guys should read about it that was
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located in Raleigh North Carolina the
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rale metro area has a population of 1.5
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million with 20% being black the median
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household income is
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$54,500 and 32% of residents have a
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bachelor's degree or higher the home
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ownership rate is 47% in R and
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unemployment sits at 7.2% but 23% of
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black households make over $100,000 a
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year I haven't heard much about rally in
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the last couple of years so I wonder if
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the hype around this area has died down
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is there still a ton of black
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entrepreneurship and growth happening in
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this area let me know and number seven
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we have San Antonio Texas about 6% of
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San Antonio metro area is black and has
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a median household income of
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$544,000 a quarter of the population
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makes over
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$100,000 and 46% are homeowners the
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percentage of the residents that have a
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bachelor's degree or hire is at 31% the
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unemployment rate for black residents
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sits at a medium 6.4% from the numbers
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San Antonio seems like a decent City
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I've never been there I've been to
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Dallas a couple times but let me know if
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you live there and what you think of the
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city and number six we have Oxnard
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California this Metro by the Pacific
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Ocean is located between Los Angeles and
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Santa Barbara a oard is located in
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Ventura County which is only 1.6% black
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Oxnard has the highest black median
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household income on this list at
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$83,500 was at 30% for black residents
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in Oxnard the home ownership rate is at
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44% 38% of black residents in Oxnard
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have a bachelor's degree or higher and
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42% of households make over 100k which
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is also the highest on this list however
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the unemployment rate for black
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residents is also the highest on this
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list at 88.7% I'm not too surprised by
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Oxnard landing on this list because it's
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a high income area I just wasn't sure
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about it being single out above let's
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say la or San Jose La landed at a
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disappointing 39th place the median
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income there is $
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55,8 39 which is crazy I actually live
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close to LA and for the median to be
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$55,000 in La where the average price of
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a house is a million or over now is
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crazy to me and it has a 10%
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unemployment rate for black residents
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whatever you do if you're going to move
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to LA just move don't come look at it
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first because you're going to see
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homeless everywhere it's just atrocious
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right now there are some streets that
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are so bad you would think that you're
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in a different country I just drove down
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one the other day it was insane I can't
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believe how much LA's changed every time
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that I go there but if you are going to
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go there if you're stuck and you have to
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come here just come here hopefully
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you're moving to a good area but if you
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have the time make sure you do your
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research pick a city like Oxnard or some
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surrounding City but make sure you do
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your research before you just move here
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because it's not it just doesn't look
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good right now and number five you can
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see that I'm a little bent up about LA
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and number five we have Atlanta Georgia
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this is another city I visited out of
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curiosity since it's the mecca of Black
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Culture I recently went there and I
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would just like to say the people are
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amazing it kind of bothered me that a
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lot of the restaurants were closed at
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the time yeah the people were friendly a
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lot more friendly than LA to me
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everybody wanted to talk to you but I
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was only there for a short period of
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time so I don't know what it's like to
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really live there let me know in the
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comments the median household income for
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black residents in Atlanta is $
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58,60 with 50% of them being homeowners
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that's the second highest home ownership
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rate on this top 10 list 33% of
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residents here have a bachelor's degree
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or higher with exactly a quarter of the
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black households making over 100k
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unemployment rate for black residents in
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Atlanta is
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7.6% that's so crazy that how expensive
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La is compared to the rest of these
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places and the median income is close to
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the same and there is a tie between two
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metros for the next two spots first one
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is popsi New York there is the city of
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popsi which I've never heard of in the
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town of bpsi which I've never heard of
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and those two areas combined have a
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population of over 880,000 people but
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they are part of a larger metro area
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with a population of over 600,000 people
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in the most recent survey that Metro is
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about 12% black with most black
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residences concentrated in bpsi which
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I've never heard of the black median
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household income here is
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$67,000 and 46% of black residences
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being homeowners 34% of black households
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earn over $100,000 which is the third
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highest for this top 10 list
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unemployment rate here is 7.2% the other
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Metro that tied for third place is Provo
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UT
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again what what what are we doing like
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what is the rest of the United States
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doing how does Utah have two cities on
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our top 10 lists because I've never ever
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thought about moving to Utah I've never
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even heard of a black person talk about
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moving to Utah but let me know I'll go
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visit I'll go I'll go check it out Provo
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is part of the Provo Ora metro area with
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a population of 671 th000 people but
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again the black population here is
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almost non-existent at
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0.5% but hey it's still landed on this
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list with that tiny percentage the
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median household income for those
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residence is
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$59,400 home ownership rate the
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unemployment rate is the lowest on this
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list at 3.6% the second lowest
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unemployment rate on this list was also
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in Utah so if you've been looking for
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employment for a while it might be time
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to pack up your things and head to Utah
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34% of black residents have a bachelor's
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degree and 28% of them have a household
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income of over 100k and number two
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another place I love Austin Texas so
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Utah and Texas have both landed two
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cities in the top 10 for black people
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and I'm not surprised about Texas Austin
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is a pretty cool City from what I saw
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when I visited there and as a pretty
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Lively downtown area the black median
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income here is
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$1,272 and 44% of black residents are
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home home owners 27% of black households
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earn over $100,000 the unemployment rate
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is not as low as Utah but not as bad as
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Baltimore either landing at a medium 6%
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and now it's time for the number one
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metro area where black people are doing
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the best financially you deserve to brag
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if you live here I wish I lived here and
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that is Washington DC I swear if it
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wasn't cold which I'm probably being
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dramatic if it wasn't cold I would be
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living in Wasing Washington DC or around
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the surrounding areas I love it every
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time I go there and hopefully one day I
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will own a condo or a house or something
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in Washington DC I just I love the
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feeling when I go there and also there's
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lots of Ethiopian food and beautiful
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Ethiopian people they're all over the
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place black residents in the DC Metro
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area have a median household income of
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$82,400 of them are homeowners which is
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the highest home ownership rate for the
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top 10 list I just love DC I love all
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the black cultures that are coming
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together there I love the conversations
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that you hear at coffee shops I love
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everything about DC except the freaking
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cold I just can't do the cold 40% of
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black households make over $100,000 a
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year and 37% of black residents have a
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bachelor's degree or higher so with all
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of these great things going for it why
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does DC also have the second highest
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unemployment rate on this list at 8.1%
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so has anything on this list surprised
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you like Utah surprise me let me know in
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the comments ask me anything I might
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have left out also if you want to check
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out our list of the worst cities for
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black people you know where to look up
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above we'll see you on the next
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episode Utah really what the heck is
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going on in Utah what is going on in
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Utah this is crazy
#Discrimination & Identity Relations
#Finance