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No bragging rights: New Forbes.com list puts Raleigh at No. 21

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The Triangle routinely makes so many "best of" lists, it gets a bit repetitive.

So it's noteworthy that a new list doesn't give us much to brag about. Forbes.com's "Best Bang for the Buck Cities" puts this region at No. 21, behind places like Omaha, Neb.; Des Moines, Iowa; Wichita, Kan.; and Syracuse, N.Y.

The list ranks top metropolitan areas with solid housing markets, stable employment, affordable cost of living and quick commutes.

Omaha came in at No. 1, followed by Little Rock, Ark., and Jackson, Miss.

"These are sleepy little markets that have fallen under the radar screen in terms of turbulence in housing," says Kermit Baker, a senior researcher at Harvard University's Joint Center for Housing Studies. "They didn't go through much of a boom or bust."

The Greensboro-High Point area came in at No. 30 and Charlotte was No. 56.

The list used data including foreclosures as a percentage of home prices, vacancies, unemployment rates, a three-year job growth forecast, a three-year home price forecast, housing affordability, median real estate taxes and median travel time to work.

Read the full list here.

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Bad criteria

When I saw "bang for the buck" in the survey title, I thought this would include something about what activities and resources are available in the city. I've been to Des Moines, and you couldn't pay me enough to live there -- there's nothing to DO there. The Triangle has two major downtowns and a couple of major hub cities nearby (not to mention MUCH better weather and scenery).

Whatever the statistics say, it's not a good value for your money if you don't like where you live.

new Forbes list

If I remember correctly in the 1960s North Carolina has never had a Boom or a Bust
although there are people that will not agree with that going back to the depression. however I don't know how the state has fared during Global free trade
I do know the trade deficits have been enormous. and has hurt this country very bad.

What a joke

Columbia SC ???
Jackson MS ???

Is this a 'good' list to be on when these cities (holes) are supposed to be superior to yours?

How come .....

How come such silly ego lists only "matter" when they GLORIFY "my town" ???

No worries. We can bus our

No worries. We can bus our way to #1.

Syracuse, NY? You have to

Syracuse, NY? You have to be kidding me!

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About the blogger

Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or e-mail him.
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