Money Magazine Ranks Phoenix #2 On The "Best Big-City Bargains" List

Originaly posted by Amanda Gengler, Susie Poppick, and Kathy Shayna Shocket, 2014, from http://time.com/money/3318962/best-big-city-bargains-best-places/

Central Avenue in Midtown PhoenixWe all know that Arizona is a great place to live. It looks like others are starting to take notice. In the recent edition of Money Magazine, it ranked the top 10 “Best Big-City Bargains” based on factors such as housing affordability, economic strength, home price forecasts, and livability. Phoenix was #2 on the list, trailing only Charlotte, NC. In the article, the author focuses primarily on two Phoenix neighborhoods: (1) “Arcadia Lite” and (2) “Desert Ridge”.

This information would be highly valuable in order to help attract out of state buyers. Here are the stats the article points out that make Phoenix so attractive.

  • POPULATION: 1,511,870
  • MEDIAN HOME PRICE: $199,100
  • AVERAGE PROPERTY TAX: $1,330
  • MEDIAN FAMILY INCOME: $56,800
  • PROJECTED FIVE-YEAR JOB GROWTH: 6.0%

Read the entire article at http://time.com/money/3318962/best-big-city-bargains-best-places/

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