We 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.
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/
Gilbert, Arizona comes in at #22 Best Places to Live
CENSUS REGION: West
MEDIAN FAMILY INCOME: $85,872
MEDIAN HOME PRICE: $242,541
AVERAGE PROPERTY TAXES: $1,672
PROJECTED JOB GROWTH: 8%
From a small village of 5,187 in 1980 to a 218,338-person city in 2014, Gilbert has been one of the fastest-growing places in the country. Luckily its offerings have grown along with it. With a local history museum, great gourmet and Southwestern food, and annual rituals like dog-friendly “Barktoberfest,” there’s always something to do in this bustling, low-crime Phoenix suburb.
Health jobs are big in the area: Mercy Gilbert Medical Center and Banner Health are two major employers, and Isagenix just announced plans to make the town its new headquarters. And at only 5%, Gilbert already has one of the lowest unemployment rates in Arizona.
Boosting Gilbert’s appeal is access to nature: the city is an easy 30-minute drive to Lost Dutchman State Park, and the stunning vistas of San Tan Mountain aren’t that much further out, either.
The downside, Gilbert’s public schools have had a rough go lately. The school board cut more than 80 positions during a budget crunch this year, and three administrators resigned. However, locals are hoping to see a turnaround with new superintendent Christina Kishimoto.
Article courtesy of Best Places to Live in 2014.