Tucson AZ is One of the 5 Best Cities for Millennials says Time.com/Money
Tucson and its downtown revitalization has caught the attention of many potential prospects. Being recognized by Time, Tucson AZ was placed among the 5 Best Cities for Millennials in the US. 24% of Tucson population (and possibly higher) is made up of individuals 20 years old to 34 years old. For those individuals looking for a place to with exceeding job growth opportunities, accessible amenities and an affordable housing market. This youthful city is a place for millennials to gather, meet, work, study, play and simply live.
Downtown, encompasses four main areas: Mercado San Agustin, Downtown Tucson, Fourth Ave and the University of Arizona Main Gate. Retail business owners, well know chefs, investors and developers are just some of the few looking at Tucson, many already part of its exciting new growth.
Most would have to agree that the introduction of the light rail played a big part in fueling this excitement, helping make a Downtown Tucson a place Millennials could live without a car. The light rail connects several main shopping areas together. This allows you, the rider, easy access to over 340 venues. Beginning at Mercado San Agustin, the light rail passes through downtown Tucson, Fourth Ave shopping district, Main Gate at the UA and ends at the University Hospital. The end being part of a loop, which will take you right back to the beginning.
This diverse downtown Tucson area is a great place for everyone. Along the light rail, there are a lot of places to meet, work, study, play and live simply with great connectivity. Being connected to so much is one of the main reasons that Tucson is recognized as one of the best cities for millennials.
Low Cost of Living:
If you’re comparing possible cities for relocation, Tucson just looks better and better. Its hard not to consider a city with a low cost of living and affordable housing. The cost of living index for Tucson AZ is 105 which is well below the urban average of 117. According to research done by GOBankingRates, it costs $39,966 each year to comfortably live in Tucson AZ. Therefore, Tucson ranks number 1 as most affordable city in the US.
- Income needed: $39,966
- 50 percent for necessities: $19,983
- 30 percent for discretionary spending: $11,990
- 20 percent for savings: $7,993
“With the lowest total needed to cover necessities out of the 50 biggest U.S. cities, Tucson residents can likely make do on the $37,149 median income, which is just $2,817 short of the amount needed to live well there.”
Affordable housing attracts businesses and new businesses create new jobs and that is why affordable housing is so important. Tucson’s medium home prices have always been among the lowest in the US.
On a side note: There is nothing like pride of ownership. When I purchased my first home in the North West area of Tucson, I felt like I had finally grown up. I remember how great it felt not having someone dictate what I could do in my own living space. Paying the mortgage felt so much better then paying the landlord. Most importantly, it was a new beginning that helped me focus more on career, finances and other long term goals. Everyone should be able to experience buying their first home.
Have a great day,
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