25. Stockton, CA
> Foreign-born population: 23.3%
> Median income of foreign-born households: $58,305 (86.4% of native-born)
> Foreign-born unemployment rate: 7.0% (1.1 ppts less than native-born)
> Foreign-born population who are naturalized U.S. citizens: 49.6%
> Total population: 742,603
Stockton in Central California ranks as one of the best cities for immigrants, one of five California cities among the top 25. Of the nearly 750,000 Stockton residents, 23.3% are foreign-born, compared to 13.6% of all Americans.
Nationwide, the poverty rate for foreign-born residents is 15.4%, which is 2.3 percentage points higher than the native-born poverty rate. In Stockton, 14.8% of foreign-born residents live below the poverty line. The city’s native-born population has a 14.4% poverty rate. Stockton is one of just two of the best cities for immigrants in which the foreign-born population declined from 2015 to 2019, though the decline was very small.
24. Sacramento-Roseville-Folsom, CA
> Foreign-born population: 18.6%
> Median income of foreign-born households: $59,883 (79.5% of native-born)
> Foreign-born unemployment rate: 5.1% (1.2 ppts less than native-born)
> Foreign-born population who are naturalized U.S. citizens: 57.0%
> Total population: 2,315,980
In California’s capital of Sacramento, 18.6% of the 2.3 million residents were born outside of the U.S. – 5 percentage points higher than the U.S. share of the population that is foreign-born. An estimated 57.0% of foreign-born residents are naturalized citizens, above the national rate of 49.6%.
The foreign-born population in the area has increased by 0.6% from 2015 to 2019, slightly above the 0.4% increase in the immigrant population nationwide during that time. The median income of nearly $60,000 of foreign-born Sacramento household is slightly higher than the median income of foreign-born households nationwide
23. Punta Gorda, FL
> Foreign-born population: 10.9%
> Median income of foreign-born households: $37,651 (70.7% of native-born)
> Foreign-born unemployment rate: 4.6% (1.4 ppts less than native-born)
> Foreign-born population who are naturalized U.S. citizens: 60.6%
> Total population: 181,067
When foreign-born residents become naturalized citizens, they gain a number of benefits, including the ability to vote. Across the country, slightly less than half of foreign-born residents, 49.6%, are naturalized citizens. Yet in the Punta Gorda area, more than 60% of foreign-born residents are.
Homeownership is one of the best ways to build wealth, and the homeownership rate among Punta Gorda area foreign-born residents is 78.0%. This is the third-highest rate among all major metro areas and well above the national foreign-born homeownership rate of 52.5%.
22. Port St. Lucie, FL
> Foreign-born population: 14.5%
> Median income of foreign-born households: $49,597 (88.1% of native-born)
> Foreign-born unemployment rate: 5.4% (0.1 ppts more than native-born)
> Foreign-born population who are naturalized U.S. citizens: 56.8%
> Total population: 472,012
Port St. Lucie, Florida, has one of the fastest-growing populations of immigrants anywhere in the U.S. The total number of foreign-born residents increased by 1.0% from 2015 to 2019, more than double the national growth rate of the immigrant population.
Across the country, 15.4% of immigrants live below the poverty line compared to 13.1% of native-born Americans. In Port St. Lucie, the foreign-born poverty rate is 13.7%. Not only is this relatively low, but it is also relatively close to the native-born poverty rate of 11.9%.
21. New Haven-Milford, CT
> Foreign-born population: 12.7%
> Median income of foreign-born households: $60,292 (84.3% of native-born)
> Foreign-born unemployment rate: 6.6% (0.2 ppts more than native-born)
> Foreign-born population who are naturalized U.S. citizens: 52.1%
> Total population: 857,513
Though the New Haven-Milford, Connecticut, metro area ranks as one of the best cities for immigrants, it has a relatively low foreign-born population. Just 12.7% of area residents were born abroad compared to 13.6% of all U.S. residents.
Education can be an important aspect of life in helping foreign-born residents attain financial stability, and New Haven area immigrants have among the best educational attainment rates in the country. Nationwide, 72.4% of foreign-born residents 25 and older hold at least a high school diploma, but in New Haven, that share is 81.0%. Also, 35.6% of foreign-born residents hold at least a bachelor’s degree, a higher share than the native-born residents’ bachelor’s degree attainment rate of 34.9%. Across the country, 32.3% of native-born and 31.3% of foreign-born residents of that age have at least a bachelor’s degree.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.