The Ten Cities With The Highest Inflation

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10. Rochester, Minnesota
> 2010 Inflation rate: 3.46%
> Population: 186,302 (up 0.37%)
> 2010 Median income: $59,702 (down 5.4%)
> 2010 Unemployment: 5.6% (down 13.8%)
> 2010 Home vacancy: 7.1% (down 11.2%)

Rochester is one of the fastest growing cities in Minnesota. From 2000 to 2010 the city’s population increased by 24%. The population growth has been driven primarily by the promise of jobs in the city’s health care and education sectors. Between 2000 and 2009, the city added 11,000 jobs. From December 2009 to 2010 alone, unemployment decreased from 6.5% to 5.6%. This is largely a result of the area’s Mayo Clinic, which has spurred the city’s nickname “Med City.”

9. Tallahassee, Florida
> 2010 Inflation: 3.48%
> Population: 368,117 (up 2.14%)
> 2010 Median income: $41,511 (up 3.7%)
> 2010 Unemployment: 8.9% (up 12.7%)
> 2010 Home vacancy: 13% (unchanged)

Tallahassee, Florida has seen a net increase in median income since 2009 of 3.7%. The metropolitan area has the state’s second fastest growing economy. It is home to Florida State University and is a major center for trade and agriculture. In December 2010, the metropolitan area’s unemployment rate was at 8.9%. As of this past August, it declined to 8.8%, while the overall rate for Florida stood at 10.7%.

8. Bloomington-Normal, Illinois
> 2010 Inflation: 3.53%
> Population: 192,696 (up 14.91%)
> 2010 Median income: $59,588 (up 6.3%)
> 2010 Unemployment: 6.8% (down 11.7%)
> 2010 Home vacancy: 11.7% (up 67%)

Bloomington is one of the fastest growing metropolitan areas in Illinois. It is one of the most productive agricultural areas in the country. It is home to two colleges: Illinois State University and Illinois Wesleyan University. State Farm Insurance is also headquartered in Bloomington. Median income has increased 6.3% from 2009 and the unemployment rate fell from 7.7% to 6.8%.

7. Lincoln, Nebraska
> 2010 Inflation: 3.53%
> Population: 303,151 (up 1.8%)
> 2010 Median income: $50,091 (up 4.5%)
> 2010 Unemployment: 3.6% (down 16.3%)
> 2010 Home vacancy: 5.7% (down 5%)

From 2009 to 2010, Lincoln, Nebraska’s median household income increased 4.5%, its unemployment decreased 0.7 percentage points, and its home vacancy rate dropped 5%. City planners expect Lincoln, which ranks No.5 on Forbes’ list of Best Places for Business and Careers, will have double the population it does today by 2060. The metropolitan area’s robust manufacturing industry, which includes Goodyear and Runza National, has kept the economy strong in recent years.

6. Columbia, Missouri
> 2010 Inflation: 3.81%
> Population: 172,319 (up 3.51%)
> 2010 Median income: $40,853 (down 11.9%)
> 2010 Unemployment: 6.2% (up 1.6%)
> 2010 Home vacancy: 7.7% (up 10%)

Columbia is one of the fastest growing metro areas in Missouri. Between 2009 and 2010, its population has increased by 3.51%. The city’s economy has historically been supported by the insurance, health care, and education sectors. Major employers include the University of Missouri and MBS Textbook Exchange.