SACRAMENTO, Calif. — According to a new study, increasing vaccination rates have created an economic boost, and Sacramento has ranked among the top cities rebounding from the COVID-19 pandemic.
Factors impacting economic growth in the study include vaccination rates, public spending, poverty rates, tax revenue and politics.
The data, according to SmartAsset, helped them identify and rank the top cities with the strongest economic recovery in 2021 during the pandemic. SmartAsset also examined consumer spending, small businesses, job postings and unemployment rates.
According to SmartAsset, small businesses are still hurting and have yet to return to their pre-pandemic March 2020 levels. Comparing city size, mid-size cities are fairing the best, and larger cities aren’t rebounding as quickly.
To determine the cities with the strongest economic recoveries, 49 of the largest U.S. cities were analyzed to identify local economies with the strongest recovery in the study.
Cities with the strongest economic recovery from the COVID-19 pandemic include:
- Salt Lake City, UT
- Fresno, CA
- Colorado Springs, CO
- Memphis, TN
- Minneapolis, MN
- Wichita, KS
- Jacksonville, FL
- El Paso, TX
- Miami, FL
- Portland, OR
- Fort Worth, TX
- Honolulu, HI
- Tucson, AZ
- Bakersfield, CA
- Sacramento, CA
- Las Vegas, NV
- Charlotte, NC
- Milwaukee, WI
- Dallas, TX
- Tampa, FL
Three California cities rounded out the top 20. These include:
- #2 Fresno, CA
- #14 Bakersfield, CA
- #15 Sacramento, CA
According to tracktherecovery.org, which is run by a not-for-profit organization at Harvard University, California has had an increase of 1.7% in those receiving a higher wage in employment.
Sacramento got its ranking with the following scores:
- 4.3% change in consumer spending
- -33.8% change in small businesses open
- -23.6% change in small business revenue
- 13.3% change in job postings
- 5.2% March 2021 unemployment rate