Austin best city for the value, says Forbes
Friday, October 17th, 2008Forbes magazine just came out with a list of the top 10 “best-bang-for-your-buck” cities in the country, and Austin is the best city for the value. The list is meant to show where one’s money goes the farthest. Affordable housing in Austin along with expected job growth helped secure Austin’s top spot on Forbes‘ list. Other factors contributing to how the list was made are gas prices and year-over-year inflation growth.
But Austin isn’t the only Texas city to make the list — San Antonio, Dallas and Houston also nabbed places in the top 10. At number two is San Antonio, with Houston at number four and Dallas at number seven. Like Austin, San Antonio ranks so highly because of affordable housing and job growth. So many Texas cities made it into the top 10 because of how strong the Texas’ economy is.
So what about the worst cities for the value? Those are: Los Angeles; Providence, Rhode Island; New Orleans; Philadelphia; and Cleveland.
Earlier this year, Forbes came out with a list of the best cities in which to buy real estate. Austin came in at number two on that list, just behind Houston. Looks like Austin is no stranger to Forbes‘ top 10 lists, and that’s no big surprise considering everything the city has to offer. Those who call Austin home know just how wonderful the city is.