Recession Proof States

Though some states were literally on the verge of bankruptcy during the recession, there were others that were able to thrive during this time of economic uncertainty. Lets Take Oklahoma for example. It has one of the country's strongest housing markets and employment actually fell in this state while rising in others. With solid growth in 3 key areas, agriculture, manufacturing and energy, Oklahoma City was one of the largest metropolitan areas that were able to ride out the recession.

Now let's look at Texas. Six cities in the state of Texas had solid employment figures. Those cities include Austin, the Dallas Fort Worth area, El Paso, San Antonio, Houston and McAllen. Austin's unemployment dropped from 3.8% to 3.6% while San Antonio's went from 4.3% to 4%. So while the rest of the country was experiencing a rise in unemployment, these cities managed to decrease the level of unemployment. These cities also have low home prices which make them more affordable to the majority of the population.

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North Carolina also had a few cities that were able to stay afloat during the economic crisis. Those cities include Charlotte, Gastonia and Concord. Though Charlotte had a rise in unemployment, the economy as a whole still stayed very strong. Home prices grew and industries such as hospitality, transportation and health kept the economy moving.

Last but not least let's talk about Washington. Seattle in particular is home of some of the biggest companies in America. They include Microsoft, Amazon, Starbucks and Costco just to name a few. This has helped unemployment to fall from 4.5% to 4.3%. Even better is the fact that home prices are very affordable in the area. Of the top metropolitan areas in the United States, Seattle had the strongest growth in manufacturing.

These are just a few of the states that have been able to stay strong while the economy was struggling. And truthfully, there are many more. So in essence, things might not be as bad as the news would have you to believe.

Recession Proof States

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