Forbes Magazine recently ranked the Cary / Raleigh area as Number 2. in their list of Best Cities for Young Adults. In their report, Forbes looked at the Annual Job growth from 2010 to 2012, Cost of Living, the median salaries for 24 to 34 year olds and the number of folks in the area with College Degrees. Those of us in the Cary/Raleigh area were not surprised, after all, we have also been named one of the 10 Fastest Growing Cities in the country earlier this year!
Here are the Stats:
Raleigh-Cary, N.C. Average Annual Job Growth (2010-2012): 2%
Median salary: $51,500
Cost-of-living index (U.S. average is 100): 104.4
Percent of pop. with college degrees: 42.2%
1 small business for every 49 residents
1 large business for every 770 residents
The college town has one of the best job growth projections of any city we assessed and the 16th best average salary for young professionals, exceeded only by markedly more expensive cities.
While Cary, itself, is not normally considered a “college” town – we have over 20 Colleges and Universities within 30 minutes of Cameron Pond, including NC State, NC Central University, UNC Chapel Hill, and Duke! With a well educated population, and the tax free zone in the Research Triangle Park, it’s not surprising that employers from around the world are expanding here. That’s one of the reasons Cary has been named one of the Top Real Estate Markets in the Country to watch in 2012
And where there are jobs… the housing market expands. We’re four months into the New Year, and all signs, including the Real Estate market, continue to improve in the Triangle (Raleigh, Cary, Chapel Hill and Durham). It’s not just the jobs fueling this growth - the Triangle never really saw the dips in real estate buying and selling that some of the hardest hit areas around the country experienced. We have been fortunate to see our real estate market remain fairly steady.
Whether you’re a young professional looking to move your way up the corporate ladder, an established educator, or a retiree, looking for the best place to live is easy! Check out the festivals and activities going on in Cary, and the parks that are close by the new homes in Cameron Pond! We’d love to give you a tour – and we know one of our great home plans will be perfect for you!
Want to see the other Cities that made the Forbes List of Best Cities For Young Adults?