While the term, “livable cities,” was coined in the 1980s, ranking statistics have been featured by national research and media companies, describing the standard of life in a particular city or town.
While many national rankings highlight North Carolina cities, Raleigh-Durham is consistently ranked as a one of the best places to live based on living, housing, and retail data.
Most recently, the U.S. News World Report ranks Raleigh-Durham #4 on Best Places to Live in the U.S., basing their ranking on quality of life and job market across 100 cities across the nation.
What we find in this report is that the cost of living is slightly lower in the Raleigh-Durham area than the national average for similar cities where technology and research have flourished.
In the feature, it was noted how housing costs, on average $215,730 will rise due to the number of people moving into the area. However, lower property taxes and the price of the cost of living keep the area attractive.
In addition, we see how home prices in the Raleigh-Durham area remained more stable than the national average during the housing bubble between 2011 and 2013. These statistics are encouraging news for people living in the Raleigh-Durham area.
Analyzing quality of living speaks not only to economic development, but also to social, political, and environmental development of a region. Our quality of life may be profoundly impacted by the development of a city or area of the country, not only in our health and success but in how community members relate to one another, contributing to our social well being as well.
It’s encouraging to see Raleigh, Durham and other cities such as Cary consistently ranked high in our nation’s statistics.
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