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Posted: 6:00 a.m. Wednesday, Nov. 28, 2012

America's heartland is rolling in jobs & riches

By Clark Howard


America's heartland is derisively labeled "flyover country" by media types in New York and Los Angeles. But the nation's bread basket is actually overflowing with bread, according to the latest data from the Bureau of Economic Analysis.

Per capita income is up roughly 4% over the last 4 years for the 50+ million who live in the heartland. This is a reversal of a longstanding trend where wealth flowed to coastal metropolises like NY and LA.

USA Today reports America's mid-section is doing just fine, thank you very much. For example, North Dakota has high paying jobs in the booming energy industry going begging and there's a severe shortage of housing for workers.

Just to give you an idea, I've heard anecdotally and read reports that jobs at McDonald's start at $17 an hour in some locales in North Dakota. That right there gives you an idea of prevailing wages in other sectors of the economy.

So North Dakota and its heartland neighbors offer an opportunity that so many have overlooked. Sully County in South Dakota was singled out as another place that experience per capita income growth of 70% over the course of the last 4 years.

Of course, living and working in these places comes with a sacrifice involving the severe winters. You've got to be a hardy sort to deal with it, to be sure.

But the idea is we have always been a people to migrate where the opportunity is. A lot of us couldn't move because of housing lock during the recession. Yet today we have fewer people upside down in their homes.

So we are in a time when most of us, if we choose, can be on the move. Now, you may not be of a mind to pick up and relocate. Though if having more opportunity for yourself, your future, or your family is top priority, then being on the move is something you might want to at least consider.

 
 

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