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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