The Town of Cary seems to continue to receive positive press and accolades on a state wide and national level, as movoto.com has recently listed Cary at number nine on its list of the Top 50 Most Affordable Cities in NC.
Explaining how they arrived at Cary becoming 9th among the Most Affordable Cities in NC, Natalie Grigson of Movoto noted, Cary is a a veritable veteran to the Movoto blog. We first saw Cary as one of the best places in North Carolina, not just for safety and schools, but also for its high median household income. This certainly comes into play again in this list, because even with a cost of living well above average (116), with a median household income of $89,542, residents still make a median income of $77,191; one of the highest in the state.” Grigson added, “Cary also has a low unemployment rate of just 7.5 percent, compared to places like Newton, Hickory, and Morganton, where it is over 11 percent.”
In describing how they actually compiled the statistics and arrived at their final Top 50 Most Affordable Cities in NC, the moot blogger said, “We use the U.S. Census to find all of the places (towns, villages, cities, and Census Designated Places) within North Carolina with populations over 10,000 people. This left us with a total of 83 places. We ranked each of these 83 places across the criteria below, using data from the U.S. Census, with the lowest number being the best; and then averaged these ranks for an overall final score.”
The criteria she noted they used was in six main categories: food costs, utility costs, median home price, unemployment rank, adjusted median income, and miscellaneous costs.
To read more on Cary’s number nine ranking or to see the full details and listing of the Most Affordable Cities in NC, visit movoto.com.
