• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceEconomy

These Are the 10 Cities Where the Middle Class Is Vanishing the Fastest

By
Chris Matthews
Chris Matthews
Down Arrow Button Icon
By
Chris Matthews
Chris Matthews
Down Arrow Button Icon
May 11, 2016, 7:02 PM ET
Hot Dog Production At Smith Provisions Co. As US Beef And Pork Exports Fall
Ty Wright—Bloomberg

Most Americans are aware that the U.S. middle class is under siege, even if they aren’t familiar with the statistics that prove it.

Economists have many theories about why middle class incomes have stagnated for years, from the increasing global nature of the economy to the decline of unionization to the rise of technology and automation that is killing what were once good paying manufacturing jobs for folks with less than a college education.

But on a local level, economic forces are much different. On Wednesday, the Pew Research Center published a study of the middle class across 229 U.S. metropolitan areas, finding that from 2000 to 2014, the share of middle class households fell in 203 of those cities.

Pew defines middle class as two-thirds to double the national median, after incomes have been adjusted for household size and cost of living in a specific metro area. So where the middle class is disappearing the fastest? Check out the top ten cities below:

As you can see, the cities where the middle class is struggling are quite diverse, both geographically and economically. Some of these cities, like Springfield, Ill. are government centers that have been affected by the sharp pullback in state government spending following the Great Recession, while others like Goldsboro, NC. have been buffeted by the loss of manufacturing and tobacco related jobs.

On the other hand, a place like Midland, Tex. has seen its middle class disappear mostly because of economic success. As Pew puts it, Midland is “an energy-based economy that benefited from the rise in oil prices from 2000 to 2014.” The city has seen its middle class shrink because so many residents have earned higher incomes brought by expensive oil, though that may have already begun to change as oil prices have fallen sharply over the past two years.

About the Author
By Chris Matthews
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.