James Bullard, President, and CEO of the Federal Reserve Bank of St Louis gave a rather flattering report on St Louis during a presentation earlier this month. Speaking at the Bi-State Development annual meeting, Mr. Bullard’s presentation, “Living Standards across U.S. Metropolitan Statistical Areas” compared income, home prices as well as other economic data of 381 MSA’s across the country.
Highlights from the presentation:
- St Louis ranks 7th of the 53 largest MSA’s for the ratio of real per capita personal income to U.S. average with a 1.13 (table 1 below)
- St Louis was one of just two cities (Nashville being the other) in the top 10 list for real per capita personal income with a cost of living less than the national average. (St Louis is 90.6 – 100 is average – table 2 below)
- Among all 381 MSA’s reviewed, St Louis ranks number 20 putting St Louis in the top 6 percent.
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Real income across large MSAs: the top 10
(table 1)
Real income and RPP among the top 10
(table2)
Real income across all MSAs
View “Living Standards Across U.S. MSA’s Report”