Raliegh NC Is Top Destination For Employment Activity
The Greater Raleigh Chamber of Commerce has announced that Raleigh ranks 14th out of 65 large cities in Joel Kotkin’s list of 2011 Best Cities for Job Growth, finishing ahead of such cities as Boston, New York City, Philadelphia, Pittsburgh and Austin, Texas in quality of life. The survey found Raleigh outperformed all those cities in population growth and educational attainment, and all except Boston in median household-to-cost-of-living ratio, while having a better unemployment rate than Philadelphia and New York City. In his survey, Kotkin noted that most of the best performing big metros in job growth on the East Coast are located in financial and university centers, including Raleigh.
- From 2000 to 2010, Raleigh had a 46.3 percent increase in population, compared to Austin (20.4), Boston (4.8), New York City (2.1), Philadelphia (0.6), and Pittsburgh (-8.6). Fortune magazine named Raleigh-Cary the No. 1 Fastest Growing City in the South.
- Raleigh’s educational attainment is higher than its competitors – 47.8 percent of adults have a bachelor’s degree or higher, based on the 2009 Community Survey by the U.S. Census Bureau, compared to 44.7 percent in Boston, 43.9 in Austin, 34 in New York City, 32.6 in Pittsburgh and 23.2 in Philadelphia.
- The median household-to-cost-of-living ratio in Raleigh is $51,969 to 97 (out of the national average of 100), beaten only by Austin ($50,132 to 96.6). The others are Boston ($55,979 to 132.4), New York City ($50,033 to 182.5), Philadelphia ($37,045 to 124.8), and Pittsburgh ($37,461 to 91.6).
- Raleigh’s unemployment rate (7.7) hovers b etween that of the other cities: Philadelphia (8.5), New York City (8.4), Pittsburgh (7.4), Boston (7.1), and Austin (6.8).
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