Marcus Hiles Cites NerdWallet Study On Austin’s Successful Growth

Marcus Hiles Cites NerdWallet Study On Austin’s Successful Growth

Hiles indicated that a common factor among the cities to make the list was the presence of major employers in rapidly growing sectors like technology and healthcare and a higher than average young adult population. For example, in a new study from personal finance website NerdWallet, Austin, TX was rated as the best metro in the country for high paying jobs and affordability. Here, the thousands of jobs provided by Dell, Apple and IBM combined with an eclectic nightlife and live music scene have caused young professionals from around the country to flock to Austin, and they are seeking rentals at reasonable rates. “Affordability is a key part of why millenials are deciding to move to the Midwest, as opposed to job centers on the East or West coast,” Realtor.com Chief Economist Jonathan Smoke told Construction Dive in November. “There is a huge disparity in how many dollars are needed to get a home in Des Moines versus San Francisco”.

Read more: http://thenumbers.marketplace.org/publicradio/news/read/33671432