With many of the real estate/living blogs releasing their year-end polls for 2018, it comes as no surprise that the town of Cary, is near the top of many of these listings. This includes the recent study on livability.com, placing Cary as the number two town statewide among the Most Affordable Cities in NC
Low Unemployment and High Household Income
Just one North Carolina municipality ranked ahead of Cary among Most Affordable Cities in NC. Similarly, only 5 towns or cities were even featured in the article at livability.com. The reasoning for Cary’s lofty positioning is explained in detail at the site. “Low unemployment rates are almost as important to a city’s affordability as cheap housing costs. (You need an income to pay for that mortgage!)”
The explanation continued, saying, “Cary’s unemployment rate is at 5.6%, the lowest of all the cities on the list…Those who are employed enjoy a significantly high income, with the median household income at $90,250.” The specifics on Cary’s number two ranking in Most Affordable Cities in NC concluded, “The city also provides plenty of ways to cut costs, such as multiple public transit options, and numerous parks and nature preserves for free entertainment.”
Outscoring the Opposition: Areas that Cary Out Ranked Other NC Municipalities
- Earning Potential
- Quality of Life
- The City’s individual Cost of Living as Compared to National Average
- Local Attractions and Their Cost
- Unemployment Rate
- Median Household Income
- Public Transit Costs
The blog posting that details the new ranking was written by Livability expert, Stephanie Inman, who gets into the research and analyzation process, stating, “North Carolina is consistently among the top 10 most populated states in the U.S. With excellent job opportunities and a number of outdoor attractions, the state is a huge draw for families, young couples and singles. But higher population usually means higher living costs.”
“We don’t just mean the cheapest places…These are places you actually want to move to…”
Inman continues to uncover the specifics in the ranking process, “We considered a number of factors in composing this list, such as earning potential, quality of life, the city’s cost of living compared to the national average, attractions and much more.” She concludes, “…We don’t just mean the cheapest places to live in North Carolina: These are places you will actually want to move to…”
According to their official website, “Livability explores what makes small-to-medium sized cities great places to live.” Going into further detail, they state, “Through proprietary research studies, engaging articles and original photography and video, we examine topics related to community amenities, education, sustainability, transportation, housing and the economy. We then leverage that expertise to develop city rankings for a range of topics.”
For further specifics on Cary’s ranking among the top 5 Most Affordable Cities in NC and to view the entire listing, visit livability.com.
