Tag Archives: Kiplinger

Winston-Salem Named As Top 10 Cheapest US City

Cheapest US cities

Even though home prices may be low, buyers still have to consider the cost of living for the region they want to move to. To help buyers out, Kiplinger recently released their list of the top 10 cheapest U.S. cities to live in based on research from the Council for Community and Economic Research. Making the list at number 10 was our very own popular Carolina real estate destination, Winston-Salem, N.C.

Winston-Salem is the most budget-friendly big city within the Tar Heel State, with Raleigh coming in at second. The cost of living index is a 87.5, which means it is around 13 points below the national average. The median household income is below the national average at $41,483, but the average home price is also well below the national average at $199,118. In addition, renting an apartment typically costs around $590 a month. Two of the most popular and biggest employers for the area are Wake Forest University and Reynolds American.

If you’re considering purchasing a new home in either South Carolina or North Carolina, Winston-Salem is the only big city to make Kiplinger’s list of cheapest cities for either state.

Raleigh’s Recent Population Growth and Job Opportunities Rise

raleigh-aerialAlthough job opportunities are at an all time low, finding a job might be easier than you think. Relocating for new job opportunities is never easy, but now it may be worth it. Pack your suitcases and move to Raleigh for a new life, address and job.

With the city’s recent population growth, Raleigh is now fourth on Kiplinger’s list of eight cities with surprising job growth. Based on the U.S. Department’s labor projections, cities like Raleigh will outpace the nation’s seven percent job growth average between now and 2017.

Kiplinger’s analysis considers demographic trends and industry growth. They analyzed metro areas contain a population of at least one million people, and a track record of above-average population and job growth from the 2008 to 2009 recession.

The beautiful city of Raleigh is surprisingly beating nationwide economic instability. With approximately 75,000 new jobs, Raleigh has only a 7.4 percent unemployment rate. Major employers like Duke University, the University of North Carolina, IBM, Cisco, GlaxoSmithKline, Nortel, Verizon and Lenovo transforms Raleigh into a magnet for high-tech and biotech jobs. Raleigh is also home to many government jobs as well as thousands of private-sector jobs including the regional hub for the U.S. Environmental Protection Agency.

Other cities with rapid job growth include Nashville, San Antonio, Orlando, Portland, Oklahoma City, Phoenix and Atlanta.

For a complete list of eight cities with surprising job growth, visit Kiplinger. For more information on Carolina real estate, visit the website.