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People working and living in the nation's capital are making bank, with a high per capita GDP and surplus income. But they also have the highest debt burden.
Surplus Income: $20,419
Unemployment Rate (average 2010-2014): 6.62%
Per Capita GDP: $73,461
Homeownership Rate: 64.2%
Average Total Consumer Debt: $95,560
Average Mortgage Rate: 4.19%
Participation Rate in Employer-based Retirement Plans: 52.9%
While Detroit doesn’t necessarily have a dynamic job market, as BankRate.com points out, the city broke into the top five for building wealth due to its high savable income and low average consumer debt. On the other hand, it does have the highest unemployment rate among the cities ranked.
Surplus Income: $15,185
Unemployment Rate (average 2010-2014): 11.42%
Per Capita GDP: $49,653
Homeownership Rate: 74.6%
Average Total Consumer Debt: $44,531
Average Mortgage Rate: 4.2%
Participation Rate in Employer-based Retirement Plans: 45.2%
Surplus Income: $12,839
Unemployment Rate (average 2010-2014): 9%
Per Capita GDP: $52,178
Homeownership Rate: 60.5%
Average Total Consumer Debt: $55,204
Average Mortgage Rate: 4.27%
Participation Rate in Employer-based Retirement Plans: 39%
Surplus Income: $10,234
Unemployment Rate (average 2010-2014): 9.98%
Per Capita GDP: $59,092
Homeownership Rate: 50.2%
Average Total Consumer Debt: $64,778
Average Mortgage Rate: 4.25%
Participation Rate in Employer-based Retirement Plans: 36.4%
![](https://www.wealthmanagement.com/sites/wealthmanagement.com/files/styles/gal_landscape_main_2_standard/public/Washington-DC-1_1.jpg?itok=GRNO_68P)