Ithaca and Albany make the The 15 Most Promising U.S. Cities In 2024 list (New York: real estate)

[ckhthankgod]

From the article: "When considering cities with great potential, one may expect a list of the usual suspects – large, bustling cities in places like New York and California. But we’ve seen a change happen in local housing markets, economies and migration patterns as a result of the pandemic. Along with an increase in migration to places with more space and higher quality of life, many Americans are moving to markets with high appreciation, but still-affordable prices.

While medium-sized metros across America have held the title of “the most promising cities” in recent years – and still do – the regions where these cities are most prevalent have changed. In years past, cities in Western states, especially Idaho, Oregon and Utah, took up the majority of our top 15 list. However, in 2024, all but one of the cities on this list are in the Midwest or Northeast region of the United States – and there were no cities from the west.

Finding The Most Promising U.S. Cities In 2024
What makes a city promising? It could mean many things to many different people. However, one important factor is the ability for its inhabitants to thrive – whether that’s in real estate, work, health or any other areas of life they wish to succeed. Rocket HomesSM teamed up to curate this list, taking many of these life goals into consideration.

The researchers used the following metrics to determine the rankings for the most promising cities in America in 2024:

- One-year home appreciation
- Net migration in 2022
- Job growth
- Unemployment rate
- Salary growth
- Small business growth
- High-tech GDP growth
- Amenities
- Culture
- Walkability
- Recreation
- Violent crime rate
- Property crime rate

Any cities with a violent crime rate higher than 55% of the country were removed from the rankings."

More here: https://www.rockethomes.com/blog/hou...us-cities-2024

[ckhthankgod]

Just to add, both of these metro areas have the highest annual mean/average wage out of Upstate metro areas, with Ithaca 1st and Albany 2nd in that regard according to the Bureau of Labor Statistics May 2022 information.

Ithaca: https://www.bls.gov/oes/current/oes_27060.htm#00-0000

Albany-Schenectady-Troy: https://www.bls.gov/oes/current/oes_10580.htm#00-0000

You can find the information for other areas in the state here(scroll to NY): https://www.bls.gov/oes/current/oessrcma.htm#N

[ckhthankgod]

Something else to consider with both of these areas is that I don’t think either one has had population loss in an official census in a long time.

Ithaca metro/Tompkins County: https://s4.ad.brown.edu/projects/div...?metroid=27060
https://en.wikipedia.org/wiki/Tompki...k#Demographics

Albany-Schenectady-Troy: https://s4.ad.brown.edu/projects/div...?metroid=10580
https://en.wikipedia.org/wiki/Capita...)#Demographics