When it comes to cost of living, Houston ranks among world's 'Cities of Opportunity'
From the Houston Business Journal, May 3, 2011
"Houston ranks No. 1 in the world in terms of cost of living competitive advantage and purchasing power, putting it among the top 11 cities overall of 26 included in a new global study.
"The ''Cities of Opportunity'' study released Tuesday by PricewaterhouseCoopers LLC shows that Houston offers the strongest purchasing power in all cities studied in relation to the combined cost of business occupancy.
"Cities were scored in 10 categories, each with multiple measured components: Intellectual capital and innovation; technology readiness; transportation and infrastructure; health, safety and security; sustainability; economic clout; ease of doing business; cost; demographics and livability; and lifestyle assets.
"What's more, Houston scored well for its relatively low crime rate and number of hospitals per 100,000 of population.
"Overall, Houston ranked No. 11 among the 26 cities studied with a total score of 1,050. New York topped the overall study at No. 1 with a score of 1,226, with the highest scores in the technology readiness and lifestyle assets categories. Toronto ranked No. 2 on the list, followed by San Francisco at No. 3. Rounding out the top five were Stockholm, Sweden, and Sydney, Australia.
"The other two U.S. cities on the list included Chicago, at No. 7, and Los Angeles, which finished right behind Houston at No. 12 with a score of 1,043.
"Houston's lowest scores were in the areas of environmental sustainability (24th of 26 cities), and transportation and infrastructure (22nd of 26)."
To read more: Houston ranks among world's 'Cities of Opportunity' | Houston Business Journal.
As we here in Houston know, when it comes to lifestyle and cost of living, Houston is a great place to be!