Forbes: Birmingham 28th most affordable city
Birmingham ranked in the top half on a recent Forbes.com list of most affordable cities in the country.
The Magic City came in at No. 28 among 100 metros as one of the best bang-for-the-buck cities in the nation, crediting its relatively stable housing and employment markets, reasonable cost of living and quick commute, said the business publication’s Web site.
On the list, Birmingham ranked third in the nation for real estate taxes and seventh in the nation for job forecast. Other factors weighed included housing affordability (Birmingham ranked No. 61), travel time (No. 56), unemployment (No. 68), vacancies (No. 65), home price forecast (No. 31) and foreclosures (No. 52).
The "best bang for the buck" list is topped by Omaha-Council Bluffs, Iowa; Little Rock, Ark; and Jackson, Miss.
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