Buffalo Among Most Affordable Cities In Nation
Yahoo.com is reporting that Buffalo is the second most affordable city in the United States as it relates to home prices and salaries.
We looked at the current median asking price of homes on the market in each city, using data from Altos Research, a San Francisco-based real estate research firm. We got the median salaries of workers with bachelor’s degrees or higher from PayScale.com and compared it to a cost-of-living index from Moody’s Economy.com (the cost-of-living index factors in transportation, insurance, food, utilities and other factors). Finally, we factored in the latest unemployment rates from the Bureau of Labor Statistics to reflect the relative strength of local economies.
Five of america’s Most Affordable Cities