Where To Find Stability In A Volatile Economy: The Most Recession-Resistant Cities In The US

A looming recession can make it scary for those who are living paycheck to paycheck, so it’s a good idea to make sure you are in the best place you can be.

Some cities don’t have enough of an economy to ensure that their population will have well-paying jobs, but others have done an excellent job of making themselves recession-proof. If you want to find out which cities in America are a good idea to consider, have a look at this list of the most recession-resistant cities in the US. 

Phoenix, Arizona

Arizona has become a huge hit with anyone that is looking for cheap housing in a beautiful area, and that could be why they have had such a population boost in the last few years. Phoenix has made a name for itself by becoming a great place for larger corporations to open and its abundance of new homes makes it the perfect place to go for job seekers. This city did exceptionally well during the pandemic, which means it will likely do well if a recession were to hit. 

Columbia, South Carolina

The state of South Carolina has become popular with those in the last few years who are looking for a lower cost of living so they can save up for a larger home in the future. The cost of living for South Carolina is about 11% lower than the rest of the county, and there are plenty of delightful areas like Lake Greenwood, Ware Shores, and McCormick that bring in those who are looking for a rural feeling for their home. Columbia has become a great place to consider for anyone who wants somewhere recession-proof as it is home to many local military bases which have done an excellent job of keeping their economy stable. 

Dallas, Texas

Tech has become one of the most popular industries in the county, and there are a few places in the country where the industry has continued to flourish. Dallas has become home to many large companies, and it has been a popular place to go for anyone who is considering opening up a new business. They have also done a fantastic job of keeping up with the amount of housing that is needed which has kept their housing prices lower than the county’s average. 

Anaheim, California

Some cities rely heavily on their tourism industry to keep them afloat, and that typically slows down during a recession. Luckily, there are a few areas around the county that still do well even if their tourism levels are lower than usual, and Anaheim is one of them. The close proximity to Disney makes the city a huge hit year all around, and the theme park is one of the few places that saw a minor hit in revenue when the recession hit, which shows it will probably continue to produce a high economy during a recession. 

These are just a few great cities in America that will likely continue to thrive and be successful if the looming recession decides to come sooner rather than later. In order for a city to withstand a large financial hit, they need to have adequate housing along with a large number of new jobs so it can keep its residents stable, and these cities fit the bill perfectly.