Tuesday, December 8, 2009

Atlanta 83 out of 100 in Forbes report on affordable cities

Best Bang for the Buck

When it comes to affordable cities with stable employment and good housing markets, a new Forbes.com report ranks Atlanta below average.

Forbes puts metro Atlanta at No. 83 out of 100 large U.S. metro areas on a list of the "Best Bang for the Buck Cities."

The survey looked at factors like commute times, home vacancies, housing affordability, real estate taxes, unemployment and jobs forecast.

Atlanta ranked 15th for housing affordability, 93rd for travel time, 39th for real estate taxes, 72nd for unemployment, 95th for vacancies, 92 for its future job outlook, 51st for future home prices and 78th for foreclosures.

The "best bang for the buck" list is topped by Omaha-Council Bluffs, Iowa; Little Rock, Ark; and Jackson, Miss.

The lowest-ranked communities on the list include the New York-Northern New Jersey-Long Island metro area (No. 98), Miami (No. 99) and Los Angeles (No. 100).

Read the full article

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