Layton City was recently ranked No. 10 in “The 10 Best Cities to Ride out a Recession” by MoneyTalksNews. The publication cited financial website SmartAsset and its analysis of 429 cities across four data categories: employment, housing, social assistance, and economic stability, to see where residents will do best in a recession. According to the findings, Layton is one of the top cities in the nation to ride out an economic downturn.
MoneyTalksNews author Maryalene LaPonsie reported: “You’ll find Layton just north of Salt Lake City in Utah. As the largest city in Davis County, it offers its approximately 84,000 residents plenty of recreation opportunities. What’s more, several industrial complexes, as well as nearby Hill Air Force Base, may mean ample job opportunities, even in a recession.”
- Layton City
- Employment rank: 11
- Housing rank: 124
- Social assistance rank: 64
- Economic stability rank: 34
The article claimed that while the bear market is over, the U.S. economy is not yet in the clear. Many business leaders continue to warn that a recession is near. The article asks, “If that happens, could the city you live in help you weather the economic storm?”
LaPonsie reports that she is “… a numbers geek who loves helping others find the right balance between frugal finances and living life deeply.” Layton residents currently enjoy a thriving economy with reliable growth in business and myriad career opportunities. With a vibrant culture and economic growth, no wonder Layton City has achieved rankings as one of the best places to live.
Sandy, Utah also made the top 10 list, landing at No. 7. This city achieved the No. 1 spot for economic stability in the SmartAsset rankings.