ATLANTA — Atlanta is the No. 1 city in the U.S. , where African Americans are faring the best economically (tied with Washington, D.C.), according to a report released by Forbes earlier this year.
The City of Atlanta tweeted the study's findings this week with the hashtag #CityOfOpportunity.
Two of the major markers for economic prosperity are home ownership and self-employment, the study revealed.
According to Forbes, 20% of the metro Atlanta area's black working population is self-employed, the highest proportion in the nation.
Home ownership rates in Atlanta average 44.7 percent, compared to the national average of 41 percent.
TRENDING STORIES:
- Senior staffer of former Mayor Kasim Reed charged in Atlanta City Hall bribery investigation
- JOB ALERT! Amazon hiring 200+ work-from-home positions
- Dad shares heartbreaking warning after son's fentanyl overdose
Though D.C. comes out on top when it comes to median household income for African-Americans at $69,246, the cost of living in Atlanta is much lower. The average black household income in Atlanta averages around $48,161.
According to Forbes, Atlanta's African American population is bolstered by its historically black universities, its strong middle class and a thriving black entertainment scene.
Overall, the majority of the top 20 cities with the best economic opportunities for African-Americans are in the South, according to the report. The top 10 were all in the South:
1, 2: TIE: Washington, DC/ Atlanta, Ga.
3. Austin, Tx.
4. Baltimore, Md.
5. Raleigh, N.C.
6. Charlotte, N.C.
7. San Antonio, Tx.
8. Houston, Tx.
9. Miami, Fl.
10. Richmond, Va.