PHOENIX — Several cities in Arizona are still struggling to recover from the Great Recession that hit our country in 2007.
According to a study by WalletHub, nine Arizona cities ranked low on their list for 2014’s Most & Least Recession-Recovered Cities in the nation.
The 150 largest U.S. cities were compared, and Arizona ranked as follows:
• 91. Chandler
• 92. Gilbert
• 96. Scottsdale
• 123. Peoria
• 135. Mesa
• 138. Phoenix
• 141. Tempe
• 142. Glendale
• 143. Tucson
WalletHub was able to examine the economic evolution of each city using 18 characteristics, such as the inflow of college-educated workers to the number of new businesses.
Unemployment rates and home price appreciation were also considered.