Austin, Texas Named #1 on List of Cities with "Best Bang for the Buck" in the U.S.
According to an article released on Forbes.com yesterday, Austin, Texas was named #1 on its list of cities around the U.S. with "Best Bang for the Buck". Not surprisingly, Texas managed to capture three of the top four spots, with San Antonio and Houston placing third and fourth, respectively. Dallas was 7th on the list.
The picture to the right shows one of the least affordable areas of town, frankly, but it's a cool shot, and it gives some idea of the natural beauty that we have here.
So what did they use to determine this list?
- Job Growth Projections
- Inflation Rank
- Median Income/Cost of Living Index Rank
- Gas Prices Rank
Median House Price/Median Household Income Rank
Austin placed first for job growth, and was in the top ten for every category except for inflation.
Here's one great quote from the article:
"Texas, as a whole, is one of the few economies that's performing extremely well because of the energy and technology sectors," says Andrew Gledhill, an economist at Moody's Economy.com.
This is in line with everything that we have told our clients for years. If Austin is an option or a consideration, there is ample data to back up the soundness of purchasing in this area. We experienced some appreciation over the past year, despite the fact that many markets around the country have dropped precipitously.
If you are looking to relocate to a town that allow your dollar to stretch a bit further, maybe you should look at Austin as a great potential option.
I would love the opportunity to speak with you if you are sincerely considering a move to or from Austin. Please feel free to give me a call anytime on my cell phone at 512-796-7653 or email me - Jason@austintexashomes.com. I look forward to hearing from you soon! You can also search the entire database of available Austin homes at our website, www.austintexashomes.com.