Real Estate – Boston, Top Ranked.
Bloomberg Businessweek has recently released a list of their top 50 cities within the United States. Judging the cities on various criteria, the results that came back were exciting. This is because Boston was listed as the #16 in the country. The term city applies to even localities that many of us would have assumed to be a town. With that said this #16 ranking is very impressive.
The central premise for praising Boston in such a manner is because Bloomberg Businessweek notes that because of the plethora of fine restaurants, world-renowned educational institutions and historical importance, Boston is extremely unique. The above factors, including low foreclosure levels, constant population making high medium income and below average unemployment rates, among other points have helped the city hold on far better than other American cities after the recession.
The following information was taken from Bloomberg Businessweek and highlights some of the statistics about Boston that has resulted in this city being placed so favorably:
-Percent with bachelor’s degrees: 42.9
-Percent under poverty level: 19.1
-Median household income: $52,433
-Property crime rate: 3,324
-School score: 69.94
-Pro sports teams: 4
-Foreclosure rate: .0032
-Percent Unemployment: 7.1
-Park acres per 1,000 residents: 7.6
-Air Quality Index: 104