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Rockford has ways to go in ‘American Dream’ ranking

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Rockford has ways to go in ‘American Dream’ ranking

Transform Rockford’s goal is to make the area one of the 25 best in the United States by 2025.

There’s no one set criteria to follow. The website Smartasset.com may have come as close as any so far. The website compared 257 cities in diversity, economic mobility, home ownership, home value and jobless rate for its “Living the American Dream” ranking.

“It is difficult to come up with any one definition for the American Dream that every American will agree on. But certainly for many people, it includes homeownership, economic opportunity and diverse communities. For these people, they need to live in a city where homes, and mortgages, are affordable and where it’s possible to climb the economic ladder. Below we look at this special combination of traits to rank the best places for living the American Dream.”

The data came from the 2016 1-year American Community Survey, the Equality of Opportunity Project and the U.S. Bureau of Labor Statistics.

The positive in the ranking is that Rockford was nowhere near the bottom. We came in 174th out of the 257 communities. The negative is that that’s a long way from top 25 and one of the top 10 is nearby. Aurora came in at No. 4.

“Best Cities for Living the American Dream”

Rank

City, State

Diversity
index

Economic
mobility

Percent
home owners

Home
value

Jobless
rate

Overall
score

1.

West Valley City, Utah

0.33

45.7

68.6%

$202,200

2.9%

100.0

2.

Odessa, Texas

0.36

50.8

60.6%

$143,100

3.3%

99.1

3.

Midland, Texas

0.36

49.2

58.8%

$196,100

2.4%

96.26

4.

Aurora, Illinois

0.24

49.0

62.9%

$176,200

4.5%

93.43

5.

Round Rock, Texas

0.29

43.5

59.1%

$233,200

3.1%

88.02

6.

Fort Worth, Texas

0.26

41.0

57.1%

$151,000

3.6%

84.41

7.

Aurora, Colorado

0.28

44.0

57.2%

$253,400

3.2%

84.15

8.

San Jose, California

0.24

45.6

56.9%

$802,000

2.9%

83.63

9.

Amarillo, Texas

0.38

40.4

60.0%

$126,800

3.0%

83.38

10.

Rochester, Minnesota

0.58

47.0

69.5%

$177,300

3.2%

82.99

174.

Rockford, Illinois

0.35

38.0

49.7%

$89,200

5.2%

45.74

Source: SmartAsset.com

 


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