NEW YORK – Bloomberg Business this week listed the 20 U.S. cities with the highest gross metropolitan product (GMP) per resident in 2014. Houston and Dallas made the cut.
Houston ranked ninth with a GMP of $70,097. Dallas was 11th at $66,168.
San Jose, Calif., with a $105,482 GMP, topped the list.
Real Estate Center Research Economist Dr. Luis Torres told Bloomberg that these emerging tech hubs will probably expand even more in coming years. He said sky-high rents in northern California will force workers and businesses to look elsewhere.
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