Port St. Lucie is in the top cities where Hispanic and Latino Americans fare best economically nationwide.
Hispanics and Latinos make up almost 19% of the U.S. population (~62.1 million out of more than 332 million) and they are becoming an increasingly important economic force. The number of Hispanic homeowners rose by more than 700,000 to nearly nine million in 2020, and that figure is forecasted to grow rapidly.
The Urban Institute projects that homeownership growth between 2020 and 2040 will be driven by people of color, and Hispanics are poised to take the lead with an expected additional growth of 4.8 million households.
In celebration and recognition of Hispanic and Latino Heritage Month, SmartAsset analyzed data on 120 of the largest U.S. cities to find where Hispanics and Latinos fare best economically. We considered factors including the median Hispanic household income, Hispanic homeownership rate, poverty rate for Hispanic adults, percentage of Hispanic adults with a bachelor’s degree and the percentage of Hispanic business owners.
Port St. Lucie cracks the top 15 cities where Hispanics and Latinos fare best economically nationwide. To learn more, check out the infographic below.
The full report, including the methodology and key findings, can be found here: https://smartasset.com/data-studies/where-hispanics-and-latinos-fare-best-economically-2021-study.