{"id":5298,"date":"2023-10-25T10:24:39","date_gmt":"2023-10-25T10:24:39","guid":{"rendered":"https:\/\/infundpros.com\/finance\/5-of-the-most-recession-resistant-cities-in-the-u-s\/"},"modified":"2023-10-25T10:24:40","modified_gmt":"2023-10-25T10:24:40","slug":"5-of-the-most-recession-resistant-cities-in-the-u-s","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=5298","title":{"rendered":"5 of the most recession-resistant cities in the U.S."},"content":{"rendered":"
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A recession may be looming in America\u2019s near future, and you don\u2019t have to take our word for it based on numerous recent headlines as the stock market is down and inflation is (way) up.\u00a0<\/p>\n

This raises a timely question: Is anywhere safe from the effects of a recession?<\/p>\n

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While a recession certainly affects the whole country, it turns out that some cities can weather a national economic crisis much better than others.<\/p>\n

In recent research,\u00a0SmartAsset\u00a0evaluated our nation\u2019s most resilient economies by looking at 14 metrics across several categories: employment, housing, social assistance & healthcare, as well as economic stability. They evaluated the 300 largest cities in the U.S. and named some of our favorite midsize cities as their most resilient.\u00a0<\/p>\n

If you don\u2019t like the way this economy is headed, here are five great cities that, according to\u00a0SmartAsset\u2019s research, might be able to offer some comfort.<\/p>\n

See<\/strong>: The best affordable little cities to live in America<\/p>\n

1. Cary, N.C.<\/strong><\/h2>\n
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Low unemployment rates are almost as important to a city\u2019s affordability as cheap housing costs. (You need an income to pay for that mortgage.)\u00a0Cary\u00a0came in 10th for employment in Smart Asset\u2019s research, and housing costs here make up 16.28% of the median household income. The city also provides plenty of ways to cut costs, such as multiple public transit options and numerous parks and nature preserves for free entertainment.<\/p>\n

Be sure to read:<\/strong> The fastest-growing American cities are also some of the places with the worst climate-change effects<\/p>\n

2. Frisco, Texas<\/strong><\/h2>\n
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There is never a shortage of things to do in the\u00a0Dallas\u00a0suburb of\u00a0Frisco. The city has been described as a \u201cshopper\u2019s paradise\u201d because of its 9 million square feet of retail and dining. It could also be described as a sports lovers\u2019 paradise, as it\u2019s home to FC Dallas of major-league soccer, the A.A. affiliate of MLB\u2019s Texas Rangers, an NBA D-League team, and the practice facility of the NHL\u2019s Dallas Stars. The\u00a0Frisco Superdrome, a 250-meter banked-oval track, hosts a variety of cycling races. With all its places to work and play, it is no wonder unemployment in Frisco is low and healthcare access and outcomes are exceptional.<\/p>\n

3. Santa Clara, Calif.<\/strong><\/h2>\n
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Santa Clara County has the highest annualized GDP growth rate across the cities SmartAsset studied and the lowest mortgage delinquency rate of the surveyed cities. Named an All-America City,\u00a0Santa Clara\u00a0features a variety of restaurants along with top shopping destinations such as Westfield Valley Fair Mall. At the same time, Santa Clara University is California\u2019s oldest institution of higher learning.<\/p>\n

Also see: <\/strong>I live in the South and don\u2019t want to retire here. I\u2019m seeking four seasons, diversity and outdoor living. Where should I retire?<\/p>\n

4. Sunnyvale, Calif.<\/strong><\/h2>\n

The small city of\u00a0Sunnyvale\u00a0is located south of\u00a0Palo Alto\u00a0and directly north of Cupertino, yet many people outside of Silicon Valley have never heard of it. With a population of about 150,000, Sunnyvale is a tightknit, family-friendly community that lives up to its name in both weather and personality. Some huge companies like LinkedIn and Yahoo are based here, and even in 2020, this community\u2019s unemployment rate stayed below 4%, according to SmartAsset.<\/p>\n

Check out:<\/strong> The 5 best \u2014and affordable \u2014places to live in California<\/p>\n

5. Fort Collins, Colo.<\/strong><\/h2>\n
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Fort Collins\u00a0was named one of our\u00a02023 Top 100 Best Places to Live\u00a0in part due to the strength of its business community, featuring major employers like Anheuser Busch
\n BUD,
\n +1.40%<\/bg-quote>,<\/span>
\n Hewlett Packard
\n HPQ,
\n +1.08%<\/bg-quote>
\n and Wells Fargo
\n WFC,
\n -0.51%<\/bg-quote>,<\/span>
\n as well as entrepreneurial ventures that receive support from the Larimer Small Business Development Support Center and the Rocky Mountain Innosphere, a technology incubator. Fort Collins residents maintain a healthy lifestyle and enjoy free things to do outside with a plethora of outdoor recreation opportunities, including biking, hiking, and white-water rafting. SmartAsset says 94% of residents have health insurance.\u00a0<\/p>\n

To read more about SmartAsset\u2019s research on resilient economies, their methodology and their other most resilient cities, head over\u00a0<\/em>here<\/em>.\u00a0<\/em><\/p>\n

Read the original article on Livability.<\/em><\/p>\n