Home Economy Rye, Armonk named in ‘Power Town’ list

Rye, Armonk named in ‘Power Town’ list

Rye and Armonk were ranked among the top 15 “Economic Power Towns” in the nation by a Texas storage company.

SpareFoot’s new list of the Top 15 Economic Power Towns in America placed Armonk No. 6 and Rye No. 13. Westport, Conn. also cracked the top 10, with a No. 8 ranking

A town must be home to a Fortune 500 company to qualify for the list. Westport and equipment maker Terex made the grade, as did IBM and Armonk and Jarden and Rye.

To draw up its winners, SpareFoot analyzed more than 120 towns with 50,000 residents (or fewer) with at least one Fortune 500 company.

McLean, Va., a suburb of Washington, D.C., topped the list, followed by:
∙ Weston, Mass.;
∙ Riverwoods, Ill.;
∙ Franklin Lakes, N. J.;
∙ Warren, N.J.;
∙ Armonk;
∙ Des Peres, Mo.;
∙ Westport;
∙ Oak Brook, Ill.;
∙ Dublin, Ohio;
∙ Chesterbrook, Pa.;
∙ Deerfield, Ill.;
∙ Rye;
∙ Lake Forest, Ill.; and
∙ Bloomfield Hills, Mich.

SpareFoot analyzed characteristics that included:
∙ home ownership rate;
∙ median household income;
∙ local unemployment rate;
∙ percentage of residents living in poverty;
∙ ratio of median home value to median income; and
∙ median value of owner-occupied homes.

SpareFoot lets customers find and reserve storage units online from a network of more than 7,000 facilities ranging from mom-and-pops to publicly traded real estate investment trusts.

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