CHICAGO — The background check company, Good rentalanalyzed data from 155 US cities, with a working population of more than 150,000 people, to find the best cities for opportunity and affordability in 2022.
Unsurprisingly, Los Angeles took the top spot as the least affordable city in the country.
New York also made the list as the 8th most expensive city.
The county’s third largest city, Chicago, did not make the top 10 expensive cities, but instead ranked 108and on the list of most affordable cities. St. Louis is much more affordable. It is ranked the 21st most affordable city to live and work in.
The city in Illinois that was listed as the 9th least affordable city in the country was Rockford.
Good Hire says the following factors were used for the listings:
- Wage growth (20% weight)
- Unemployment rate (10% weight)
- Employment growth (20% weight)
- Percentage of open jobs (10% weight)
- Tenant affordability (15% weight)
- Owner affordability (15% weight)
- Real personal income per capita (10% weight)
Here are the top 10 most affordable cities
- Sioux Falls, SD
- Reno, Nevada
- Provo, UT
- Madison, Wis.
- Huntsville, AL
- Charleston, South Carolina
- Fayetteville, AR
- Ogden, UT
- Salt Lake City, UT
- Spartanburg, South Carolina
Here are the top 10 least affordable cities
- Los Angeles, CA
- Hartford, Connecticut
- Corpus Christi, Texas
- Bakersfield, California
- Shreveport, LA
- Modesto, California
- El Paso, TX
- New York, NY
- Rockford, IL
- McAllen, TX
The study also names America’s best job markets and most affordable housing markets for 2022.
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