Filed Under Housing Market · Tagged: Affordability, Bargain Cities, Cincinnati, Indianapolis · Print This Article
Cincinnati is ranked in the top five of America’s best bargain cities by Forbes — tied for the 5th spot with Indianapolis.
“They looked at factors like the cost of housing, the cost of living. They looked at congestion times, which lends itself to quality of life, and in all those situations, Cincinnati ranked really well,” said Doug Moorman with Cincinnati USA Regional Chamber.
“A square foot in Manhattan costs $120, a square foot in Downtown Cincinnati, Class A office space, is $20. Those are the competitive advantages that make us a bargain city to live in,” said Moorman.
Cincinnati’s stats are as follows:
Cost of Living: Ranks 9 of 50
Housing Opportunity: Ranks 7 of 50
Unemployment Rate: Ranks 23 of 50
Average Salary: Ranks 33 of 50
Coming in at the first spot was Austin, Texas, because of it’s low unemployment rate and reasonable cost of living. Austin was followed by Phoenix, Washington DC and Fort Worth.
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Cincinnati.com
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