U.S. 10 Most Expensive Cities, Etc. July 2008 From Forbes & Kiplinger on the Internet Arranged by Joe Naumann 10. Washington, D.C. World Rank: 107 7/1/2016 copyright 2006 free template from brainybetty.com 2 • In terms of expenses, Washington, D.C., ranks a little above average compared with 252 other major cities around the world. Those prices have a lot to do with the high inflation. However, if you're looking for a good job to pay those bills, there's a solid chance you'll find one in the capital. It ranks No. 6 on our list of the best cities for young professionals. 7/1/2016 copyright 2006 free template from brainybetty.com 3 9. Boston, Mass. World Rank: 99 7/1/2016 copyright 2006 free template from brainybetty.com 4 • The ultimate college town, Boston is expensive; renting a home costs $1,658 a month, on average. However, if you're single, the extra money you're spending might be worthwhile. The city is high on the list of the country's best cities for singles. 7/1/2016 copyright 2006 free template from brainybetty.com 5 8. Houston, Texas World Rank: 98 7/1/2016 copyright 2006 free template from brainybetty.com 6 • While this Texas town remains on our list of the best cities for business and careers year after year, the cost of commuting-20.9% of expenses, on average, are spent on transportation--makes it pricey to live here. And the city lacks a useful, extensive or reliable mass-transit system. 7/1/2016 copyright 2006 free template from brainybetty.com 7 7. White Plains, N.Y. World Rank: 89 7/1/2016 copyright 2006 free template from brainybetty.com 8 • A commuter town, this New York City suburb is expensive because of high demand for housing and high transportation costs. Its community members--for the most part--can afford it though. The median family income here is $71,891, according to the U.S. Census Bureau. Why does White Plains rank while other New York City suburbs have been left off the list? According to Mercer, companies, historically, have sent expat workers to live in White Plains more than any other area outside of Manhattan. 7/1/2016 copyright 2006 free template from brainybetty.com 9 6. Chicago, Ill. World Rank: 84 7/1/2016 copyright 2006 free template from brainybetty.com 10 5. San Francisco, Calif. World Rank: 78 7/1/2016 copyright 2006 free template from brainybetty.com 11 • n the last 25 years, Silicon Valley has brought billions into San Francisco's economy. With that cash comes high-end housing, pricey restaurants and, of course, greater demand for everything. Demand might push up prices, but if you're a young professional with an Ivy League education, the higher costs are worthwhile. The number of highly rated companies in the area comes in second only to New York. 7/1/2016 copyright 2006 free template from brainybetty.com 12 4. Honolulu, Hawaii World Rank: 77 7/1/2016 copyright 2006 free template from brainybetty.com 13 • No wonder Honolulu is expensive; it's full of tourists, mostly Asian, buying up exclusive Chanel handbags and Rolex watches unavailable elsewhere. Of course, the beautiful beaches and natural surroundings are also a draw. Although the number of full-time residents is only 371,657, Honolulu continues to climb up the ranks of our list of the best places for cities and careers. 7/1/2016 copyright 2006 free template from brainybetty.com 14 3. Miami, Fla. World Rank: 75 7/1/2016 copyright 2006 free template from brainybetty.com 15 • Despite the dismal real estate market, Miami is still a pricey spot, mostly due to its vibrant nightlife, tourism and large consortium of creative professionals. But the city dropped significantly in the ranks since 2007--24 spots, to be exact, from No. 51 to No. 75 out of 253 cities worldwide. Want to take advantage of the decrease in prices? Try renting instead of buying. 7/1/2016 copyright 2006 free template from brainybetty.com 16 2. Los Angeles, Calif. World Rank: 55 7/1/2016 copyright 2006 free template from brainybetty.com 17 • Like any city with a concentrated industry, the demand for luxury housing in Los Angeles is high. Worse, the commutes are brutal. The average driver spends 72 hours a year stuck in traffic delays and, as of July 21, the cost of a gallon of regular gas was $4.46. However, the 13-point drop in worldwide ranking, from 42 in 2007 to 55 in 2008, indicates that the city is getting less expensive. 7/1/2016 copyright 2006 free template from brainybetty.com 18 1. New York, N.Y. World Rank: 22 7/1/2016 copyright 2006 free template from brainybetty.com 19 • Sure, the Street might be taking a beating, but there's still plenty of demand in New York for high-end housing, fine dining and expensive boutiques. Average rent for a two bedroom, luxury condo in the city is $4,500. Even a fast-food hamburger-anything but a luxury--costs an average $5.89. New York is the only American city in the top 50 most expensive cities in the world. 7/1/2016 copyright 2006 free template from brainybetty.com 20 From Kiplinger on the Internet BEST CITIES IN WHICH TO LIVE, WORK AND PLAY 7/1/2016 copyright 2006 free template from brainybetty.com 21 1. Houston, Texas • Population: 5,542,048 • Population Growth Since 2000: 14.9% • Percentage of Workforce in Creative Class: 31.3% • Cost-of-Living Index: 88.1 (100 being national average) • Median Household Income: $50,250 • Income Growth Since 2000: 13.1% 7/1/2016 copyright 2006 free template from brainybetty.com 22 Houston 7/1/2016 copyright 2006 free template from brainybetty.com 23 2. Raleigh, North Carolina • Population: 995,662 • Population Growth Since 2000: 19.9% • Percentage of Workforce in Creative Class: 36.1% • Cost-of-Living Index: 99 (100 being national average) • Median Household Income: $56,150 • Income Growth Since 2000: 10.3% 7/1/2016 copyright 2006 free template from brainybetty.com 24 Raleigh 7/1/2016 copyright 2006 free template from brainybetty.com 25 3. Omaha, Nebraska • Population: 821,356 • Population Growth Since 2000: 6.6% • Percentage of Workforce in Creative Class: 30% • Cost-of-Living Index: 89.4 (100 being national average) • Median Household Income: $51,627 • Income Growth Since 2000: 15.1% 7/1/2016 copyright 2006 free template from brainybetty.com 26 Omaha 7/1/2016 copyright 2006 free template from brainybetty.com 27 4. Boise, Idaho • Population: 568,086 • Population Growth Since 2000: 18.2% • Percentage of Workforce in Creative Class: 33.2% • Cost-of-Living Index: 95.5 (100 being national average) • Median Household Income: $49,833 • Income Growth Since 2000: 16.6% 7/1/2016 copyright 2006 free template from brainybetty.com 28 Boise 7/1/2016 copyright 2006 free template from brainybetty.com 29 5. Colorado Springs • Population: 600,444 • Population Growth Since 2000: 10.5% • Percentage of Workforce in Creative Class: 34.1% • Cost-of-Living Index: 95.3 (100 being national average) • Median Household Income Since 2000: 53,486 • Income Growth Since 2000: 16.1% 7/1/2016 copyright 2006 free template from brainybetty.com 30 Colorado Springs 7/1/2016 copyright 2006 free template from brainybetty.com 31 6. Austin, Texas • Population: 1,506,425 • Population Growth Since 2000: 17% • Percentage of Workforce in Creative Class: 36.5% • Cost-of-Living Index: 92.8 (100 being national average) • Median Household Income: $52,882 • Income Growth Since 2000: 12.2% 7/1/2016 copyright 2006 free template from brainybetty.com 32 7/1/2016 copyright 2006 free template from brainybetty.com 33 7. Fayetteville, Arkansas • Population: 419,455 • Population Growth Since 2000: 17.3% • Percentage of Workforce in Creative Class: 31.4% • Cost-of-Living Index: 90.4 (100 being national average) • Median Household Income: $42,267 • Income Growth Since 2000: 17.6% 7/1/2016 copyright 2006 free template from brainybetty.com 34 Fayetteville 7/1/2016 copyright 2006 free template from brainybetty.com 35 8. Sacramento, California • Population: 2,067,117 • Population Growth Since 2000: 13.1% • Percentage of Workforce in Creative Class: 34% • Cost-of-Living Index: 121.7 (100 being national average) • Median Household Income: $56,953 • Income Growth Since 2000: 19.1% 7/1/2016 copyright 2006 free template from brainybetty.com 36 Sacramento 7/1/2016 copyright 2006 free template from brainybetty.com 37 9. Des Moines, Iowa • Population: 532,425 • Population Growth Since 2000: 9.6% • Percentage of Workforce in Creative Class: 32.1% • Cost-of-Living Index: 90.6 (100 being national average) • Median Household Income: $53,384 • Income Growth Since 2000: 16.3% 7/1/2016 copyright 2006 free template from brainybetty.com 38 Des Moines 7/1/2016 copyright 2006 free template from brainybetty.com 39 10. Provo, Utah • Population: 474,351 • Population Growth Since 2000: 20.6% • Percentage of Workforce in Creative Class: 32% • Cost-of-Living Index: 97.7 (100 being national average) • Median Household Income: $50,583 • Income Growth Since 2000: 12.2% 7/1/2016 copyright 2006 free template from brainybetty.com 40 Provo 7/1/2016 copyright 2006 free template from brainybetty.com 41 From Yahoo Real Estate 10 TOP SELLER’S MARKETS FOR HOMES 7/1/2016 copyright 2006 free template from brainybetty.com 42 1. Raleigh, NC 7/1/2016 copyright 2006 free template from brainybetty.com 43 2. San Francisco, CA 7/1/2016 copyright 2006 free template from brainybetty.com 44 3. Austin, TX 7/1/2016 copyright 2006 free template from brainybetty.com 45 4. San Antonio, TX 7/1/2016 copyright 2006 free template from brainybetty.com 46 5. St. Louis, MO 7/1/2016 copyright 2006 free template from brainybetty.com 47 6. Houston, TX 7/1/2016 copyright 2006 free template from brainybetty.com 48 7. Portland, OR 7/1/2016 copyright 2006 free template from brainybetty.com 49 8. Dallas, TX 7/1/2016 copyright 2006 free template from brainybetty.com 50 9. Denver, CO 7/1/2016 copyright 2006 free template from brainybetty.com 51 10. Baltimore, MD 7/1/2016 copyright 2006 free template from brainybetty.com 52 From BizJournal on the Internet 10 MOST AFFORDABLE HOME MARKETS 7/1/2016 copyright 2006 free template from brainybetty.com 53 1. Oklahoma City • Typical monthly housing payment – Mortgage payment: $591 (3rd of 50) – Property-tax payment: $76 (3rd of 50) – Total housing payment: $667 (1st of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $3,503 (50th of 50) – Housing payment as share of income: 19.04% (50th of 50) copyright 2006 free template from brainybetty.com 54 Oklahoma City 7/1/2016 copyright 2006 free template from brainybetty.com 55 2. San Antonio, Texas • Typical monthly housing payment – Mortgage payment: $570 (2nd of 50) – Property-tax payment: $177 (24th of 50) – Total housing payment: $747 (2nd of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $3,752 (44th of 50) – Housing payment as share of income: 19.91% (49th of 50) copyright 2006 free template from brainybetty.com 56 San Antonio 7/1/2016 copyright 2006 free template from brainybetty.com 57 3. Birmingham, Alabama • Typical monthly housing payment – Mortgage payment: $709 (8th of 50) – Property-tax payment: $44 (2nd of 50) – Total housing payment: $753 (3rd of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $3,711 (45th of 50) – Housing payment as share of income: 20.29% (48th of 50) copyright 2006 free template from brainybetty.com 58 Birmingham 7/1/2016 copyright 2006 free template from brainybetty.com 59 4. Indianapolis, Indiana • Typical monthly housing payment – Mortgage payment: $757 (10th of 50) – Property-tax payment: $121 (10th of 50) – Total housing payment: $878 (8th of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $4,237 (29th of 50) – Housing payment as share of income: 20.72% (47th of 50) copyright 2006 free template from brainybetty.com 60 Indianapolis 7/1/2016 copyright 2006 free template from brainybetty.com 61 5. Pittsburgh, Pennsylvania • Typical monthly housing payment – Mortgage payment: $599 (4th of 50) – Property-tax payment: $166 (23rd of 50) – Total housing payment: $765 (4th of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $3,605 (47th of 50) – Housing payment as share of income: 21.22% (46th of 50) copyright 2006 free template from brainybetty.com 62 Pittsburgh 7/1/2016 copyright 2006 free template from brainybetty.com 63 6. Kansas City, Missouri • Typical monthly housing payment – Mortgage payment: $826 (15th of 50) – Property-tax payment: $145 (19th of 50) – Total housing payment: $971 (14th of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $4,363 (24th of 50) – Housing payment as share of income: 22.26% (45th of 50) copyright 2006 free template from brainybetty.com 64 Kansas City 7/1/2016 copyright 2006 free template from brainybetty.com 65 7. Buffalo, New York • Typical monthly housing payment – Mortgage payment: $567 (1st of 50) – Property-tax payment: $228 (34th of 50) – Total housing payment: $795 (6th of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $3,569 (48th of 50) – Housing payment as share of income: 22.28% (44th of 50) copyright 2006 free template from brainybetty.com 66 Buffalo 7/1/2016 copyright 2006 free template from brainybetty.com 67 8. Houston, Texas • Typical monthly housing payment – Mortgage payment: $700 (7th of 50) – Property-tax payment: $235 (36th of 50) – Total housing payment: $935 (10th of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $4,188 (33rd of 50) – Housing payment as share of income: 22.33% (43rd of 50) copyright 2006 free template from brainybetty.com 68 Houston 7/1/2016 copyright 2006 free template from brainybetty.com 69 9. Memphis, Tennessee • Typical monthly housing payment – Mortgage payment: $678 (6th of 50) – Property-tax payment: $109 (7th of 50) – Total housing payment: $787 (5th of 50) 7/1/2016 • Impact on monthly household budget – Median household income per month: $3,508 (49th of 50) – Housing payment as share of income: 22.43% (42nd of 50) copyright 2006 free template from brainybetty.com 70 Memphis 7/1/2016 copyright 2006 free template from brainybetty.com 71 10. Rochester, N.Y. • Typical monthly housing payment – Mortgage payment: $626 (5th of 50) – Property-tax payment: $267 (42nd of 50) – Total housing payment: $893 (9th of 50) 7/1/2016 • Impact on monthly household budget • Median household income per month: $3,979 (38th of 50) • Housing payment as share of income: 22.44% (41st of 50) copyright 2006 free template from brainybetty.com 72 Rochester, N.Y. 7/1/2016 copyright 2006 free template from brainybetty.com 73