Austin landed on two ‘Best Of’ lists recently. Forbes.com ranked Austin as one of the best job markets in the U.S., while MSNBC.com included Austin in the Top 10 Best Places to Live.
THIRD BEST JOB MARKET
Forbes.com profiled America’s Best and Worst Job Markets and Austin ranked 3rd out of the top 50 metropolitan areas in the US. Austin’s low unemployment rate and low job-seeker to job-posting ratio is partly attributed to being the State Capital, but also the universities and thousands of companies specializing in emerging technologies. Austin’s unemployment rate for the ranking was listed at 7.1% with 2.39 job seekers for every opening.
The only two metropolitan areas to rank higher than Austin were Boston and Washington D.C. Both cities also benefitted from large government employment and universities. In fact, 6 out of the top 10 are state capitals. But that doesn’t always work. Sacramento landed on the list along with four other California cities.
Other areas that have suffered recently and rank in the 10 Worst Job Markets include areas where real estate, construction, and tourism played the largest part in the growth a few years ago, such as Miami, Orlando, and the worst metropolitan area, Las Vegas.
To read the original Forbes article and see the full rankings, please click here.
TOP 10 BEST PLACES TO BUY A HOME
Austin was featured in an msnbc.com article about the Top 10 Best Places to Buy a Home. The reasons cited for including Austin in the list include being the State Capital and a great college town, affordability, job growth, population growth, and the number of Fortune500 and other tech companies. Median family income is good, especially when compared to the median home price.
Others making the list include Deerfield Beach, FL; Broomfield County, CO; Durham, NC; Woodbury, MN; Warner Robins, GA; Madison, WI; Pocono Mountains, PA; Portland, OR;and San Francisco, CA.
The cities were not ranked within the list and it appears as though there were no set metrics or criteria by which they were all measured. But anytime Austin is reviewed favorably, it is good for the city.
To see the full article on msnbc.com, click here.