Forbes ranks Cincinnati as #5 most affordable U.S. city
Forbes ranks Cincinnati #5 on its list of the 20 most affordable U.S. cities based on housing costs and a cost of living index that measures the cost of food, utilities, gas, transportation, medical expenses and other daily expenses.
Cincinnati continues to get kudos for our affordability, this time from Forbes, which ranks Cincinnati #5 on its list of the 20 most affordable U.S. cities. Last week HSH mortgage brokers ranked Cincinnati the fourth cheapest among 27 major U.S. cities for the salary needed to pay a mortgage on the median home price.
Forbes based its ranking on housing costs, too, but added a cost of living index that measures the cost of food, utilities, gas, transportation, medical expenses and other daily expenses in each area.
Birmingham, Ala. was ranked the #1 most affordable city, and several others in our region scored highly: Dayton #8, Indianapolis #9, Columbus and Detroit #10 (tie), Louisville #13 and Akron #15.
Brian Carley, President and CEO of the Cincinnati USA Regional Chamber, gets a prominent mention in the ranking’s introduction, offering one explanation for our affordability: “Nobody’s looking to gouge anybody. Instead, everything’s reasonably priced.” Well, that’s a relief!
Read the full Forbes story here.
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