Wednesday, July 09, 2008

Best Cities for Building Wealth

back More great news for Albuquerque, New Mexico and homes and living in the area - just mentioned Albuquerque, New Mexico as one of the Top Five places to live to "build wealth".  The salary value index compares local salaries, the cost of living and unemployment rates among U.S. cities with populations greater than 250,000.  Albuquerque, New Mexico was rated at #5.


Other considerations are diversity of industry, education level of the population, proximity to secondary educational institutions, percent of population below the poverty level, and median travel time to work.


Albuquerque's travel time to work brings up a great point - because we are basically a 'landlocked' southwestern city, most of our housing and real estate living areas are within a 30 minute drive of the business and employment districts.  Surrounded by reservations, federal land and park open space, we only have a small area where you can build homes.  Those areas are diminishing, so we have an abundance of 'in-fill' building and housing areas within a close drive to your employment area.


While this has kept the land prices high for the area, it has also been helpful in driving up the housing prices - with construction costs always going up, land prices and development costs rising - the resale areas are still strong.


Move to Albuquerque for that short commute - save gas and take advantage of our public transportation (our bus lines are adding schedules because of an increase in users) and Railrunner train services.


Use my mapping services on the website to find homes within an area convenient for your new job in Albuquerque, New Mexico.

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