If you aren’t planning on moving to a new city, you may be wanting to reconsider after seeing this list of the top 10 metropolises!
Information was drawn from the U.S. Bureau of Labor Statistics, the department of Housing and Urban Development, the U.S. Bureau of Economic Analysis, and facts from Forbes.com in order to come up with the criteria for the best cities to move to in 2014.
The criteria put into the selection process was:
Unemployment – To be considered, a city must currently have an unemployment level less than the national average of 6.5% .
Median Income – To be considered, a city must currently have a median income of at least the national average of approximately $44,000 per year.
Projected Home Value Growth over 3 Years – To be considered, home values in a given city must be predicted to grow greater than 20% over the next three years, as judged by Forbes real estate analysts.
Home Affordability – For this criteria, each city’s median income was compared to that city’s average home price. The math is simple: higher incomes and lower home prices make buying a home more affordable!
Perhaps even more impressive than being the #4 city to move to, is the fact that Phoenix ranks #1 in projected home value growth over the next three years. Phoenix comes in at a whopping 41%. This means that if you bought a home in Phoenix at the city average home price of $196,000, you should be able to sell it three years down the road for no less than $276,000 – an increase of nearly $80,000! See what other cities made the list.
#1 Boise, Idaho
#2 Seattle, Washington
#3 Fort Lauderdale, Florida
#4 Phoenix, Arizona
#5 Orlando, Florida
#6 Minneapolis, Minnesota
#7 Fort Worth, Texas
#8 Salt Lake City, Utah
#9 Tampa, Florida
#10 Houston, Texas
-Simple Moving Labor