Nationwide, when it comes to wealth and personal finance success, Black Americans have struggled more compared to the rest of the population. Census data shows that the median Black household income is 33% lower than the overall median household income and the Black homeownership rate is 22 percentage points lower than the general homeownership rate.
In some parts of the country, however, economic outcomes for Black Americans are more favorable.
In celebration and recognition of Juneteenth, SmartAsset analyzed data on 129 of the largest U.S. cities to find where Black Americans fare best economically. They considered factors including the median Black household income, Black homeownership rate, percentage of Black adults with a bachelor’s degree and Black business-ownership rate, among other metrics.
The North Carolina cities of Charlotte, Durham, and Raleigh cracked the top 20 cities, with Charlotte coming in at #6 in the nation.