Great news, East LA: you're booming. At least, that's what a new report out from WalletHub says (and the report seems a lot more legit than that website name, don't worry). WalletHub took a look at the cities that have had the most rapid economic growth between 2008and 2013, and out of 516 places, East LA was the tenth fastest-growing in the nation—and number three among mid-sized cities across the country.
The report took into account metrics including population growth, the number of people with a bachelor's degree or higher, decrease in the unemployment rate, job growth, decrease in uninsured people, and increases in median household incomes, using data from the Census Bureau and the Bureau of Labor Statistics. (Though East LA is technically an unincorporated area, not a city, it's counted as its own area in the Census, as LA Weekly points out.) East LA has recently made headlines because of its worries, with nearby Boyle Heights, that gentrification is knocking on the door to threaten its relatively affordable housing prices.
· 2014′s Fastest Growing Cities [Wallethub]
· One of America's Fastest-Growing Cities Is on L.A.'s Eastside [LAW]
· Boyle Heights Freaks Out About Being Sold as the Next DTLA [Curbed LA]