• MERIC NEWS LETTER




  • St. Louis vs. Detroit
     

    The World Series is over -- Cards win!– but who’s the winner of the metro area battle? Which metro area had lower unemployment, higher wages, a better educated populace, more affordable homes, shorter commutes?  

        --Population (2005): St. Louis Missouri/Illinois metropolitan statistical
          area (MSA)- 2,725,336; Detroit-Warren-Livonia MSA  - 4,428,941.
          Winner: Detroit

        --Unemployment rate (August 2006): St. Louis  - 5.3 percent; Detroit  -
           7 percent.
          Winner: St. Louis

        --Median home price (second quarter 2006): St. Louis  - $153,000;
          Detroit  - $155,700.
          Winner: St. Louis

        --
    Percentage change in home value from second quarter 2005 to second
          quarter 2006: St. Louis - +7.8 percent; Detroit -  -8 percent.
          Winner: St. Louis

        --
    Percentage of adults ages 25-64 with a bachelor's degree or higher
          (2005): St. Louis  - 16.6 percent; Detroit  - 15.6 percent.
          Winner: St. Louis

        --Median household income (2005): St. Louis  - $48,716; Detroit  -
          $50,787.
          Winner: Detroit

        --Per capita income (2005): St. Louis  - $26,161; Detroit  - $26,606.
          Winner: Detroit

        --Mean travel time to work (2005): St. Louis  - 23.9 minutes; Detroit* -
          24.7 minutes.
          Winner: St. Louis

        --World Series wins: Cardinals - 1926, 1931, 1934, 1942, 1944, 1946,
          1964, 1967, 1982, 2006; Tigers - 1935, 1945, 1968, 1984
          Winner: St. Louis
     

    *Wayne County. Data not available for Detroit.

    Sources: US Census Bureau 2005 American Community Survey; Bureau of Labor Statistics Metro Area statistics; Bureau of Economic Analysis; National Association of Realtors.


     
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