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NerdWallet.com: Sherwood No. 6 on list of Oregon 'cities on the rise'

Tualatin comes in No. 23; Tigard at 30


Sherwood has once again made a list highlighting its virtues, landing in a top-10 listing of Oregon "cities on the rise," according to NerdWallet.com.

The personal finance website places Sherwood in the No. 6 spot based on scores calculated based on such factors as population, employment and income growth from 2009 to 2012.

The website, which ranked 53 Oregon cities, points out that the working-age population growth of Sherwood has increased by 6.3 percent over the course of those three years with a median income growth of 7.5 percent. In addition, it lists 66.9 percent of the workforce in Sherwood as employed in 2012 with a median income of $60,779.

Meanwhile, Tualatin hit No. 23 on the list, and Tigard ranked in the No. 30 slot.

Here are statistics for those cities:

Tualatin: Working age population growth increase: 1.1 percent with 65.9 percent of the workforce employed; Median income for 2012: $51,621 with a median income growth from 2009 to 2012 of 8.9 percent.

Tigard: Working age population growth increase: 4 percent with 65.2 percent of the workforce employed; Median income for 2012: $49,198 with a median income growth from 2009 to 2012 of 2.5 percent.

NerdWallet.com writer Kamran Rosen noted that Oregon has seen its ups and downs, having "transitioned from an economy rooted in timber, fishing and agriculture to a mixed manufacturing and market economy."

She noted that, "Oregon saw steady growth in the technology sector, driven by companies such as Intel and Tektronix. The state has also had a recent boom in biotechnology and life sciences, with the Oregon Bioscience Association citing $7.1 billion in bioscience development."

Visit http://www.nerdwallet.com/blog/cities/economics/cities-on-the-rise-oregon/




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