{"id":5208,"date":"2024-04-17T00:26:37","date_gmt":"2024-04-17T00:26:37","guid":{"rendered":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/04\/17\/the-hottest-u-s-job-markets-are-affordable-see-the-10-best-cities-to-score-a-new-gig-and-a-new-home\/"},"modified":"2024-04-17T00:26:37","modified_gmt":"2024-04-17T00:26:37","slug":"the-hottest-u-s-job-markets-are-affordable-see-the-10-best-cities-to-score-a-new-gig-and-a-new-home","status":"publish","type":"post","link":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/2024\/04\/17\/the-hottest-u-s-job-markets-are-affordable-see-the-10-best-cities-to-score-a-new-gig-and-a-new-home\/","title":{"rendered":"The Hottest U.S. Job Markets Are Affordable: See the 10 Best Cities To Score a New Gig and a New Home"},"content":{"rendered":"

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Getty Images (4)<\/p>\n

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Think Silicon Valley is the top tech hub for professionals? On the contrary, job hunters are heading to the \u201cSilicon Slopes\u201d of Salt Lake City<\/a>.<\/p>\n

According to the latest annual rankings by the Wall Street Journal<\/a> and Moody\u2019s Analytics, America\u2019s hottest job markets are no longer relegated to expensive coastal cities such as the San Francisco Bay Area or Los Angeles. Instead, this list shows a mix of more surprising metros with far more affordable living expenses than what the Journal calls \u201ctraditional tech and financial hubs.\u201d<\/p>\n

\u201cMany of the workers have taken jobs in Salt Lake City\u2019s tech hub, aptly referred to as \u2018Silicon Slopes,\u2019\u201d according to the Journal. Industries on the rise in Salt Lake City include life sciences, manufacturing, and supply chain logistics. Another sweet addition includes food company Mars Inc. announcing a new 399,000-square-foot baking facility there.<\/p>\n

The Journal, in collaboration with Moody\u2019s Analytics, evaluated approximately 380 metro areas to determine the strongest labor markets. Rankings were based on five key factors: unemployment rate, labor force participation rate, employment level changes, labor force size, and wages. Larger areas (with over 1 million residents) were assessed separately from smaller ones.<\/p>\n

The top 10 metros for jobs<\/h2>\n

Three Florida metros come next in these rankings: Jacksonville<\/a>, Orlando<\/a>, and Tampa<\/a>. Overall, the list shows a mix of homes priced above\u2014and way below\u2014the national median home price of $424,900<\/a>, proving that job hunters don\u2019t have to put up with sky-high home prices or rent to snag a great career opportunity.<\/p>\n

As a result, it makes sense that workers are cooling to the allure of expensive metros like the San Francisco Bay Area and Los Angeles, which have median home prices of $999,000 and $1,150,000 respectively.<\/p>\n

While home prices in Salt Lake City are above the national median at $570,000, they are still a whopping $580,000 below what workers can expect to pay for housing in Los Angeles.<\/p>\n

Austin, TX<\/a>\u2014where list prices hover at a median of $550,000\u2014came in at No. 7 in the rankings, another notable cheaper alternative to traditional tech hubs.<\/p>\n

How to gauge a housing market\u2019s affordability<\/h2>\n

To help job hunters compare salaries to local living expenses, Realtor.com\u00ae<\/a> uses its data to rank areas with an \u201cAffordability Score\u201d measuring how many homes on the market are within financial reach for people at different income levels.<\/p>\n

These scores range from 0 to 2. A higher score, like 1 or above, means that home prices are affordable for typical incomes in the area. A lower score below one indicates that real estate there is more financially out of reach.<\/p>\n

Here\u2019s how these cities stacked up in affordability so that job seekers can get a good idea of how far their income will go when paying for the roof over their heads.<\/p>\n

1. Salt Lake City, UT<\/a><\/h2>\n

Affordability index:\u00a00.49<\/strong>
\nMedian home list price: $570,000<\/strong>
\n5956 S Loder Dr W<\/a> for sale for $395,000<\/strong><\/p>\n

<\/a>A three-bedroom house with mountain views<\/p>\n

Realtor.com<\/p>\n

2. Jacksonville, FL<\/a><\/h2>\n

Affordability index: 0.62<\/strong>
\nMedian home list price: $415,000<\/strong>
\n902 Cedar Slough Dr<\/a> for sale for $363,506<\/strong><\/p>\n

<\/a>This home features two stories of smartly designed living space.<\/p>\n

Realtor.com<\/p>\n

3. Orlando, FL<\/a><\/h2>\n

Affordability index: 0.53<\/strong>
\nMedian home list price: $439,000<\/strong>
\n5827 Wayt Ct<\/a> for sale for $450,000<\/strong><\/p>\n

<\/a>The primary suite features double vanities and a Jacuzzi soaking tub.<\/p>\n

Realtor.com<\/p>\n

4. Tampa, FL<\/a><\/h2>\n

Affordability index: 0.56<\/strong>
\nMedian home list price: $419,000<\/strong>
\n17915 Villa Creek Dr# 17915<\/a> for sale for $225,000
\n<\/strong><\/p>\n

<\/a>Vaulted ceilings and lots of natural light make for welcoming and comfortable spaces.<\/p>\n

Realtor.com<\/p>\n

5. Oklahoma City, OK<\/a><\/h2>\n

Affordability index: 0.77<\/strong>
\nMedian home list price: $321,000<\/strong>
\n3224 Pagoda Pead Dr<\/a> for sale for $265,027<\/strong><\/p>\n

<\/a>This new-construction home boasts a covered patio and a two-car garage.<\/p>\n

Realtor.com<\/p>\n

6. Miami, FL<\/a><\/h2>\n

Affordability index: 0.49<\/strong>
\nMedian home list price: $549,000<\/strong>
\n14323 SW 275th Ln <\/a>for sale for $480,000<\/strong><\/p>\n

<\/a>This home offers a perfect blend of modern amenities and serene surroundings.<\/p>\n

Realtor.com<\/p>\n

7. Austin, TX<\/a><\/h2>\n

Affordability index: 0.51<\/strong>
\nMedian home list price: $550,000<\/strong>
\n8211 Philbrook Dr<\/a> for sale for $484,207<\/strong><\/p>\n

<\/a>This home has an open floor plan with a spacious great room and luxury vinyl plank flooring.<\/p>\n

Realtor.com<\/p>\n

8. Nashville, TN<\/a><\/h2>\n

Affordability index: 0.46<\/strong>
\nMedian home list price: $559,000<\/strong>
\n718 Greymont Dr<\/a> for sale for $545,000
\n<\/strong><\/p>\n

<\/a>A three-level home with five bedrooms<\/p>\n

Realtor.com<\/p>\n

9. Seattle, WA<\/a><\/h2>\n

Affordability index: 0.55<\/strong>
\nMedian home list price: $768,000<\/strong>
\n10822 Cornell Ave S<\/a> for sale for $750,000<\/strong><\/p>\n

<\/a>A remodeled home with three bedrooms and two bathrooms<\/p>\n

Realtor.com<\/p>\n

10. Dallas, TX<\/a><\/h2>\n

Affordability index: 0.56<\/strong>
\nMedian home list price: $440,000<\/strong>
\n9918 Hustead St<\/a> for sale for $225,000<\/strong><\/p>\n

<\/a>Sleek countertops are designed for culinary excellence and entertaining guests.<\/p>\n

Realtor.com<\/p>\n

The post The Hottest U.S. Job Markets Are Affordable: See the 10 Best Cities To Score a New Gig and a New Home<\/a> appeared first on Real Estate News & Insights | realtor.com\u00ae<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Getty Images (4) Think Silicon Valley is the top tech hub for professionals? On the contrary, job hunters are heading to the \u201cSilicon Slopes\u201d of Salt Lake City. According to the latest annual rankings by the Wall Street Journal and Moody\u2019s Analytics, America\u2019s hottest job markets are no longer relegated to expensive coastal cities such…Read More→<\/a><\/p>\n","protected":false},"author":0,"featured_media":5209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/5208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/comments?post=5208"}],"version-history":[{"count":0,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/posts\/5208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media\/5209"}],"wp:attachment":[{"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/media?parent=5208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/categories?post=5208"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/billingsrealtybrokers.paradiseinnovations.com\/index.php\/wp-json\/wp\/v2\/tags?post=5208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}