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#1 Best City to Move to - Boise

3/24/2014

The 10 Best Cities to Move to in 2014

10 Best Cities to Move to in 2014
Carter Schimpff, Simple Moving Labor (SML)
Click here for original post 

Criteria and Selection Process

We used the following four criteria to judge the largest 150 cities in the United States:

Unemployment
To be considered, a city must currently have an unemployment level less than the national average of 6.5%.

Best city for unemployment: Salt Lake City, Utah, at 3.4%.

"Worst of the top 10" for unemployment: Tampa, Florida at 6.4%.

Median Income
To be considered, a city must currently have a median income of at least the national average of approximatly $44,000 per year.

Best city for median income: Seattle, Washington at $61,000 per year.

"Worst of the top 10" for median income: 4-way tie - Tampa, Florida; Orlando, Florida; Houston, Texas; and Salt Lake City, Utah, all at approximately the national average of $44,000.

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.

Best city for projected home value growth: Phoenix, Arizona 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!

"Worst" of the Top 10 for projected home value growth: Houston, Texas at a still-impressive 24%. This means that if you bought a home in Houston at the city average home price of $191,000, you should be able to sell it three years down the road for no less than $236,840.

Home Affordability
For this criteria, we compared each city's median income to that city's average home price. The math is simple: higher incomes and lower home prices make buying a home more affordable!

Best city for home affordability: Tie - Fort Worth, Texas and Boise, Idaho, both with an "affordability index" of approximately 0.303 ($51,000 median income divided by $168,000 average home price).

"Worst" of the Top 10 for home affordability: Salt Lake City, Utah, with an "affordability index" of approximately 0.186 ($44,000 median income divided by $236,000 average home price).




#1 - Boise, Idaho


Boise, Idaho
Image courtesy of The Knowles Gallery

Boise's Ratings

 
Unemployment #5
Median Income #3
Home Value Growth #2
Home Affordability #1!

About Boise, Idaho

If you love hiking, biking, and the great outdoors, you're going to love Boise: the Hull's Gulch trail system can be accessed directly from 8th street, and Boise is also home to the extensive Boise River Greenbelt.

Boise, Idaho Facts and Figures for 2014

Population: 0.6m
Unemployment: 4.8% (1.7% below natl. avg.)
Average Home Price: $168,000
3-Year Home Value Growth Forecast: +30%

Median Income: $51,000
Average Commute: 16 minutes
"White Collar" Jobs: 95,000
"Blue Collar" Jobs: 50,000 

 Click here for full article.

Want to get a taste of what it is like to live in the Boise Valley?  Visit wwww.GrowIdeasHere.com to watch video vignettes of six individuals who live and thrive in the Boise Valley. #BigIdeasGrowHere

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HAVE QUESTIONS? ASK US.
Clark Krause
Executive Director
Mobile: 208-863-9675
Phone: 208-472-5230
ckrause@bvep.org
Charity Nelson
Director of Economic Development
Mobile: 208-863-8521
Phone: 208-472-5240
cnelson@bvep.org
Lisa Holland
Marketing & Content Manager
Mobile: 208-340-6990
Phone: 208-472-5229
lholland@bvep.org
250 S. 5th St.
Suite 300
Boise, Idaho 83702
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