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Saturday, May 5, 2018
Hawaii Towns Ranked for Economic Diversity
By Selected News Articles @ 1:47 PM :: 4597 Views :: Economy, Hawaii Statistics

Most Diverse Cities in America

From WalletHub, May 3, 2018

America is undergoing an extreme makeover, thanks to rapid demographic diversification. By 2050, you won’t even recognize her. But America’s transformation is more than skin-deep — it’s economic, too. Not only have waves of immigration changed the face of the nation, they’ve also brought in fresh perspectives, skills and technologies to help the U.S. develop a strong adaptability to change.

Economies generally fare better when they openly embrace and capitalize on new ideas. Conversely, those relying on old ways and specialized industries tend to be hurt more by changes in the market.

This article is the final installment in WalletHub’s diversity study series. It combines household diversity and religious diversity with our previous reports on socioeconomic diversity, cultural diversity and economic diversity. WalletHub tallied the scores across the five major diversity categories for 501 of the largest cities across 13 metrics.

read … Full Report

City 'Income Diversity' Rank 'Educational-Attainment Diversity' Rank 'Racial & Ethnic Diversity' Rank 'Linguistic Diversity' Rank 'Birthplace Diversity' Rank 'Industry Diversity' Rank 'Occupational Diversity' Rank 'Worker-Class Diversity' Rank 'Marital-Status Diversity' Rank 'Age Diversity' Rank 'Household-Type Diversity' Rank 'Household-Size Diversity' Rank 'Religious Diversity' Rank
East Honolulu, HI 239 73 66 180 263 219 465 37 485 368 495 221 349
Pearl City, HI 59 358 75 159 378 16 296 23 440 200 460 46 349
Hilo, HI 230 323 29 207 472 208 306 5 199 102 180 220 105
Waipahu, HI 47 461 230 69 302 182 165 240 330 202 239 1 349
Kailua, HI 189 105 38 290 128 253 436 10 408 81 437 92 349
Kaneohe, HI 65 283 23 257 447 163 252 34 393 44 422 42 349
Kahului, HI 52 481 76 73 316 218 181 161 257 226 303 5 255
Mililani Town, HI 124 365 20 222 390 142 237 16 467 169 487 64 349
Ewa Gentry, HI 137 425 9 107 176 72 191 79 437 307 441 15 349


2018’s Cities with the Most & Least Diversified Economies

From WalletHub, May 3, 2018

“Don’t put all your eggs in one basket,” say the wisest investing experts. But that wisdom applies to the economy, too. During the Great Recession, local economies that diversified, tapping into new ideas and innovations, proved to be more resilient than the cities that stuck to their old tricks.

Some researchers have found that greater professional and industrial variety increases a city’s productivity, a pattern in growing and large urban areas in the U.S. and around the globe.

In other words, diversification helps an economy the way it protects an investor’s portfolio: Over time, job gains in some sectors will offset the losses in others. And that was exactly the outcome at the end of the financial crisis, when the number of professions in health care and social assistance multiplied while construction and manufacturing occupation rates declined.

In order to determine the most diversified local economies — and therefore the least susceptible to the changes in the market — WalletHub compared the 501 largest cities across three key metrics: industry diversity, occupational diversity and worker-class diversity.

read … Full Report

Overall Rank* City Total Score 'Industry Diversity' Rank 'Occupational Diversity' Rank 'Worker-Class Diversity' Rank
2 Pearl City, HI 77.58 16 296 23
7 Hilo, HI 77.23 208 306 5
10 Mililani Town, HI 77.17 142 237 16
22 Kaneohe, HI 76.43 163 252 34
25 Ewa Gentry, HI 76.28 72 191 79
60 Kailua, HI 75.54 253 436 10
71 Honolulu, HI 75.3 162 323 84
124 Kahului, HI 74.51 218 181 161
160 East Honolulu, HI 74.12 219 465 37
166 Waipahu, HI 74.05 182 165 240


2018’s Cities with Most & Least Economic Class Diversity

From WalletHub, May 3, 2018

Where is perhaps no simpler method of categorizing Americans than by economic class. The top 1 percent and the bottom 99 percent have grown apart. One estimate suggests that the top 1 percent owns 40 percent of the country’s wealth.

In an ideal world, no American would live in poverty, yet nearly 47 million do. But increasing diversity may be able to help improve socioeconomic conditions for people from all backgrounds.

Consider education dollars, for instance, which flow traditionally from local taxes. The more tax dollars that higher-income-earning families can contribute to the local economy, the more a city can invest in public schools. This ensures children from low-income households receive an equal shot at a good education.

To recognize the cities where economic class diversity is most balanced or mixed, WalletHub compared 501 of the largest U.S. cities based on two key metrics, “Income Diversity” and “Educational-Attainment Diversity.”

read … Full Report

Main Findings

Overall Rank* City Total Score 'Income Diversity' Rank 'Educational-Attainment Diversity' Rank
72 Honolulu, HI 75.91 82 139
102 Kailua, HI 74.68 189 105
112 East Honolulu, HI 74.47 239 73
147 Kaneohe, HI 73.82 65 283
175 Pearl City, HI 73.1 59 358
197 Mililani Town, HI 72.22 124 365
250 Waipahu, HI 71.21 47 461
252 Ewa Gentry, HI 71.16 137 425
270 Hilo, HI 70.87 230 323
276 Kahului, HI 70.63 52 481


Highest & Lowest Concentrations by Category


City with Highest Concentration

City with Lowest Concentration

Income Diversity  
Households with Annual Incomes of $34,999 or Less Youngstown, OH 
Ewa Gentry, HI 
Households with Annual Incomes Between $35,000 and $49,999 Horn Lake, MS 
Ellicott City, MD 
Households with Annual Incomes Between $50,000 and $74,999 Jackson, WY 
Hockessin, DE 
Households with Annual Incomes Between $75,000 and $99,999 Ewa Gentry, HI 
Flint, MI 
Households with Annual Incomes Between $100,000 and $149,999 Ewa Gentry, HI 
Youngstown, OH 
Households with Annual Incomes of $150,000 or More Ellicott City, MD 
Flint, MI 

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