IMG targeted markets named among 10 best places to live by U.S. News & World Report
U.S. News has unveiled its 2019 Best Places to Live in the USA report, with four IMG active portfolio markets appearing in the Top 10. The rankings evaluated 125 total metropolitan areas according to five metrics including job market, value, quality of life, desirability, and net migration.
#2: Denver, CO
The Mile High City has a low unemployment rate compared with the national average, and earn more on average than residents in other parts of the country.
It features a concentration of research institutions, like the University of Colorado and the University of Denver. The hospitality sector is also thriving as more than 17 million people visit the area each year. Meanwhile, the blossoming recreational marijuana industry is creating jobs and luring more people – especially millennials – to the growing metro area.
Denver’s location at the base of the Rocky Mountains provides a gateway to a slew of outdoor pursuits, although it is probably best known for its devout ski and snowboard enthusiasts.
#8: Portland, OR
Portland’s unemployment rate is below the national average, and residents of Portland earn more than the national average salary.
The tech industry has a solid foundation in the area, thanks in part to Intel Corporation, which has numerous campuses and continues to expand in the area. Careers in the medical field are also numerous through large employers such as the Oregon Health & Science University and Providence Health & Services. Meanwhile, athletics giant Nike calls Beaverton – located about 7 miles west of Portland – its home and employs about 12,000 people in Washington County.
Portland is a well-rounded region with more than just the offbeat shops and events. Museums, art galleries and the oldest public library on the West Coast feed a population with more academic degrees than the national average.
Wilderness is also close by. Two mountain ranges and the Pacific Ocean can be reached in an hour or two, while the fertile vineyards of the Willamette Valley lure city dwellers with a thirst for something fresh.
#9: Seattle, WA
Seattle has a healthier job market than similarly sized metro areas. In addition to technology jobs at companies like Amazon, Microsoft and Zillow, Seattleites find careers in major industries like biotech and health care, and maritime industries, including both shipping and fishing. The average salary in Seattle is higher than the national average.
The natural beauty of Seattle – it’s surrounded by both mountains and water on two sides – is one of the biggest draws for residents.
#10: Raleigh, NC
Raleigh, Durham and Chapel Hill are known for their research/technology roots and collegiate rivalries. This tri-city region (known as the Triangle) is luring new residents every day with strong job growth and a high quality of life.
Many people who call the Raleigh and Durham metro areas home are young, friendly, diverse and educated. Compared to other technology and research hubs like San Francisco, the cost of living in the North Carolina Research Triangle is relatively affordable.
Another IMG targeted investment market, Charlotte, ranked favorably at #20 on the 2019 Best Places list.
About the Rankings
U.S. News analyzed 125 metro areas in the U.S. to find the best places to live based on quality of life and the job market in each metro area, as well as the value of living there and people’s desire to live there.
Source: U.S. News & World Report – April 2019. View the full Best Places to Live in the USA report
IMG thoughtfully and strategically identifies U.S. markets and desirable neighborhoods poised for long-term growth to drive value creation for our multifamily assets. For more information on our investment opportunities, contact Dave Mikkelsen at (971) 888-4010 ext. 108 or firstname.lastname@example.org.
Mountain Photography© by Jeremy Conklin / Adventures in Seattle Public Market© by Kevin Crook Photography, Inc.