Austintown 5th-fastest dying town in U.S. says Forbes
AUSTINTOWN — The township has been ranked the fifth fastest-dying town in America by Forbes magazine.
In a story published Tuesday on Forbes.com, Forbes reporter Matt Woosley writes that Austintown’s ties to the city of Youngstown account for part of the township’s loss of jobs and in-migration population, landing Austintown in the middle of the top 10.
The story refers to the township as one of the “manufacturing hubs hit hard by declines in the auto industry.”
Woosley’s numbers indicate that Austintown has faced a jump in its poverty rate, from 8.8 percent in 2000 to 13.8 percent in 2007.
According to the article, Forbes used data from the U.S. Census Bureau’s American Community Survey, a three-year study, released Monday. The Forbes Web site says it calculated the ranking using “income growth, the rate of domestic in-migration, the change in poverty, and the percentage of the population with a bachelor’s degree or higher.”
Another Ohio town, Middletown, near Dayton, made the list at number 10. Bensenville, Ill., a Chicago suburb, topped the list with an average income loss among residents of 11.4 percent between 2000 and 2007.