STUDY: Tyler ranks in Top 10 for 'Cities with the Fastest Growing Incomes'
Tyler, Texas (KETK) —
According to income website, NerdWallet.com, Tyler has been ranked as the 10th city in the United States with the fastest growing incomes.
Tyler is a hub for a varied set of industries, including education, research and health care, and boasts an active tech startup scene.
In 2009, the Tyler Leadership Roundtable began the Industry Growth Initiative, a plan to help the city evolve into an “Innovation Economy” through development of a highly skilled workforce and entrepreneurial culture.
The University of Texas at Tyler’s Hibbs Institute for Business and Economic Research is a key player in the growth of Tyler and the rest of East Texas by providing important informational resources that support economic development. Earnings for workers grew 14.5 percent between 2007 and 2011.
In 2007 the median earnings for workers was around $21,740 and has now jumped 14.5 percent to $24,900.
To see the full list visit NerdWallet.com.