Fort Lauderdale ranked number three on CardRates.com’s list of Top Ten Cities Primed for Economic Growth & Opportunity in 2018.
The company that rates credit cards looks at national demographics and financial trends. This year’s rating of cities that are primed for economic growth and opportunity analyzed a plethora of data including unemployment rates and incomes. Fort Lauderdale‘s 3.4% unemployment and 39% income growth since 2000, placed the South Florida locale in the top tier of the most promising cities.
What may be most surprising is what the study does not include: climate, historical significance, sandy beaches, and overall charm. That’s right, Fort Lauderdale made the illustrious list on its ability to offer a solid financial promise, career growth opportunities, and a gracious way of living – the warm, sunny winters and miles of ocean-front beaches are purely a bonus!
CardRates pointed out that Fort Lauderdale’s former reputation as a haven for Spring Breakers has transformed into a city that attracts “a wealthier tourist crowd, with many visitors attending events at the city’s convention center or hopping on board a cruise ship — or even their own ship.”
With the boating and marine industry as one of the city’s diverse major employers, Fort Lauderdale has a strong base of employment and advancement with rising income levels for long-term financial stability. As a side note, Fort Lauderdale’s annual International Boat Show is the world’s largest boating convention.
Other considerations were given to its proximity, about 30 miles north of Miami. Fort Lauderdale’s population is about half that of its popular southern neighbor, but what truly makes the city attractive is its overall affordability when compared to areas to the south.
CardRates.com’s Top Ten List included a wide range of U.S. locations from small towns to big cities. To see the complete list, go to CardRates.com.