Because the get started of the pandemic, an estimated 5 million People have relocated many thanks to the flexibility of remote operate, but relatively than flocking to key cities, numerous have settled in mid-sized metros presenting affordability and higher livability. The median residence money exceeded $76,000 throughout the top 10 towns, and shockingly, only a single Sunbelt metro made the checklist.
Rochester, Minnesota reclaimed the major spot for the next year in a row many thanks to its low 1.2% unemployment amount and quick growth. Cary, North Carolina is the only southern metro on the best 10 record with a low criminal offense amount, a 4.7% poverty rate, and a median residence earnings of virtually $107,500, SmartAsset stories.
Across all 214 towns in our examine, two Silicon Valley metropolitan areas in the prime 10 (Sunnyvale and Santa Clara) have the No. 1 and No. 2 optimum median home incomes ($150,464 and $136,870, respectively). Comparatively, the cheapest median family income belongs to Dayton, Ohio ($34,457), which ranked in the bottom 10 cities.
Throughout the 214 metropolitan areas in our research, the normal 4-yr adjust in median house benefit is about 13%. 4 towns experienced an enhance exceeding 30%, with Palm Bay, Florida observing the largest four-yr development in its median home worth, at 33.90%.