I’m not sure about recession proof, but I do know this is a really great city to live in. With so much to offer its residents (the best restaurants, shopping, condo and home choices, culture and a huge music scene) Atlanta has been quietly growing and expanding in all areas.
“Atlanta is the financial and industrial center of the South,” says Eduardo Martinez, senior economist at Moody’s Economy.com. “With companies like Delta and Home Depot, it’s home to more and more international business.”
The Forbes list reveals that Atlanta has many trends working in its favor–low cost of living (if you don’t want to spend a fortune on all the services Atlanta has to offer, there are plenty of low cost solutions available… maybe OTP), plenty of sun (although lately it’s been raining and cloudy) and housing that is affordable (OTP for sure, sometimes ITP too depending on what type of real estate you are purchasing) and projected to rise in value over the next five years.
How did we stack up against the competition?
- Atlanta, Georgia
- Dallas, Texas
- Tampa, Florida
- Houston, Texas
- St. Louis, Missouri
- Austin, Texas
- Las Vegas, Nevada
- Phoenix, Arizona
- Kansas City, Missouri
- San Antonio, Texas
Missing from the list? Miami, Florida. This has long been a place for retirees to settle down and enjoy life. They clocked in at #29. I still love Miami though! I don’t care what Forbes says!
Quick Facts from Forbes
- Sunny Days: 17 of 40
- Income 65 and Over: 17 of 40
- Median Home Price: 7 of 40
- Projected Home Price Grown ’09 – ’14: 17 of 40
- Projected Job Growth ’09 – ’14: 5 of 40
- Cost of Living: 11 or 40
- Median Monthly Housing Cost: 23 of 40
How did Forbes compile their list?
“To form our list, we looked at the country’s 40 largest metropolitan statistical areas and measured them for: current median home price and five-year projected home price from Moody’s Economy.com, median monthly housing expense from the Census Bureau, cost of living index from the Council for Community and Economic Research, median income for householders over age 65 from the Census Bureau, five-year job growth outlook from Moody’s Economy.com and, since every retiree should get some sunshine in their golden years, we included sunny day statistics from the National Oceanic and Atmospheric Administration (NOAA).”