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By Thea Theresa English

Cities with the best economic development

Before you move out of town to seek employment, you want to research different cities to determine how well they do in terms of economic development. This is important because it lets you know how strong a city's economy and job market are. You should look at the best-performing industries in the cities you're interested in and the overall cost of living.

Oklahoma City, Oklahoma

There are several reasons why you should choose Oklahoma City. This city is one of the most affordable areas for renters according to "Apartment Guide," and listed Oklahoma City as one of the best cities for new graduates. The manufacturing sector is excelling in this city and if you're interested in starting a business there, you have low unemployment and a low cost of living that attracts many people to Oklahoma City. The magazine "New Geography" listed Oklahoma City as a top place to work for engineers.

Austin, Texas

Austin, Texas is in the move economically and socially, and this is why an increasing number of people are relocating there. Austin has become a hub for venture capitalists and angel investors in recent years so it is not hard to locate persons who would be willing to invest in your business if you move to this city. There has also been an increase in the number of startups in Austin.

Durham, North Carolina

Health care and education are some of the top sectors of employment in this city, thanks to Duke University, a well-known and highly respected institution. In addition to this, Durham is home to a booming technology industry and this is great for those wishing to create tech startups or work for one. In fact, this city is home to an IBM-based company that employs 10,000 persons.

Omaha, Nebraska

Omaha offers Midwestern charm with economic innovation. This city has an unemployment rate of 4% and it has over 12 higher education institutions. The average rent there is $719, and the health care field is growing every day in Omaha. The overall cost of living is not bad and there are plenty of initiatives available to future business owners.

Charlotte, North Carolina

Charlotte is the headquarters for Bank of America and this makes the city an excellent place for those seeking employment in the banking sector. Charlotte also has a thriving energy sector thanks to Duke Energy, and Family Dollar's headquarters are in Charlotte. Charlotte offers low property tax rates and low utility rates to its residents.

Houston, Texas

Houston is an amazing city for economic development. It offers a low cost of living and has a thriving aeronautics, engineering, oil and gas sector. Houston has no zoning laws, so this makes the city business-friendly and it attracts plenty of business developers seeking to make a fortune.

Seattle, Washington

There is a reason why Seattle is mostly occupied by transplants from other parts of the nation. Seattle has a thriving tech industry due to Microsoft and independent tech startup firms. The average salary in Seattle is $85,000 and the average home price is $382,000.

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