Even though more than half of the people living in Los Angeles can't really afford to live here, Los Angeles is still among the richest metropolitan areas in the US. At least, according to Bloomberg, which analyzed data from the US Bureau of Economic Analysis's study of the 100 largest metros in the nation; LA came in at seventeenth place. The rankings go by the gross metropolitan product per capita, or the "[financial] output per person."
What does it take to be number 17? LA's GMP per person was $60,148 in 2014. That's way below San Jose in Silicon Valley, the number one richest metro, where GMP per person was $105,482. Rounding out the top 20 was our neighbor to the south, San Diego, at $58,540.
· These Are the 20 Richest Cities in America [Bloomberg]
· 57 Percent of People Living in Los Angeles Can't Afford to Live in Los Angeles [Curbed LA]