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Cities with the Fastest Job Growth

We Love Tucson's Playful Architecture, Cities with the Fastest Job Growth

Cities with the Fastest Job Growth

Via an article published August 16, 2016 in Bloomberg.com, an economist, Jed Kolko, “who specializes in U.S. cities and the future of work, points out that mid-sized cities, such as Tucson, Arizona and Seattle, Washington, continue to see fast job growth, but the San Francisco Bay area has fallen out of the top 10.” Tucson ranks number 3 overall on the list, beating out Austin, TX and Seattle, WA.

You can see the Bloomberg article of The Cities With the Fastest Job Growth, and let me know if I can assist you in finding a home in Tucson, so you can get in on this amazing opportunity. I specialize in the downtown area but I can certainly help you find a home anywhere in town, central, northwest, east, and south sides.”Better job security is fueling real estate demand in the south, and a corresponding pick-up in home-builder sentiment. This new construction boom in Tucson has already begun, especially with the revitalization and expansion of Tucson’s booming downtown.”

To give you an idea of the expected job growth in Tucson I was recently at a Downtown Growth and Development seminar (October 2016) and theses were the reported statistics relating to jobs coming to Tucson and below this chart of innovative companies who are or will be headquartered in Tucson.

Prospective Employers Shortlisted or Serious Consideration
Industry Employees Average Wage
Engineering / Manufacturing 1,975 $110,000
Engineering 170 $150,000
Manufacturing 40 $60,000
Professional Services 75 – 100 $75,000
Aerospace and Defense 1,000 $40,000
Manufacturing 60 $46,000
Advanced Services 192 $50,000
Manufacturing 31 $102,000
Total Jobs / Average Wage 3,543 $79,100

Awesome Tucson Companies

Accelerate 120 jobs

Taken from Accelerate’s website: “Accelerate Diagnostics is headquartered in Tucson, Arizona. Set at the base of the majestic Catalina mountain range, Tucson is called “science city” and was recently named one of America’s most innovative cities by Forbes Magazine. The community is quickly becoming a biotech and diagnostics hub, with companies such as Roche, Sanofi Aventis, Syncardia, and HTG Molecular, among others, driving biotech job growth of over 33%.”

Home Goods 900 jobs

ADP 450 jobs

Caterpillar 1,000 jobs

Caterpillar moving it’s headquarters to Tucson will not only provide many new job opportunities, but will also ensure lots of new construction for an overall economic boom! Get ready. Their new office will be located right downtown.

Comcast 1,100 job

World View 400 jobs

You’ve got to check out this innovative company. Here’s just one sentence from their website. “World View is leading the way in the emerging stratospheric economy, offering an innovative and affordable high-altitude flight platform that is transforming access to space.”

I hope you enjoyed discovering a bit more about Tucson. It’s no surprise that Tucson is ranked as one of the Cities with the Fastest Job Growth because many many exciting plans are underway and what I shared with here, is only the tip of the iceberg.

Tucson Makes the Top 10 Hidden Gems Market

Hidden gem in a pile of rocksWe all know that Tucson is amazing but it’s always great to hear it mentioned by outside sources. This time Tucson made the top 10 list of hidden gems by the National Association of Realtors for 2022. Let’s look at what qualifies as a hidden gem market.

What is a Hidden Gems Market?

According to the NAR a hidden gem market has “strong underlying housing market fundamentals but where home prices are undervalue and relatively affordable. As such, these hidden gem markets are expected to experience stronger price appreciation in 2022.” There’s a more technical definition with numbers, income indicators, technical jargon, etc. But the basics are Tucson is undervalued and still relatively affordable. Now some might argue that locals are getting priced out by cash buyers. Usually from other states looking for “investment properties.” That is indeed happening. But, the fact that Tucson is still a hidden gem is the important part for locals.

What They Said

“Tucson is very affordable in comparison to Phoenix. As of 2021 Q2, the median property value was $261,046. This is equivalent to 3 times the median family income in comparison to the median property value in Phoenix, $364,186, which is 4.3 times the median family income. Among the top 10 undervalued markets, Tucson had the third-largest net domestic migration in 2020, at 10,778 (next to Dallas and San Antonio). Due to strong population growth and net domestic migration, home prices rose at a 3-year cumulative rate from 2018 Q2—2021 Q2 of 23.6%, outpacing wage gains of 15.6%.” What we heard was, Tucson is better than Phoenix! Tucson is more affordable than Phoenix. And Tucson is up and coming and ready for a population boom! Now is the time to think about your current home and what your needs might be in the future. Is it time to upgrade? If the answer is yes, or even a maybe, I can help make those dreams a reality. Download a PDF of the Top 10 Hidden Gems of the Housing Market in 2022! Have a great day! Darren & Tony Ray 😎 🌵🏠☀️  

Best City for Creatives, Writers and Artists

Tucson Voted Best City for Artists and Creatives
Tucson Voted Best City for Artists and Creatives

10 Cities That Creatives Should Move to That Are Not NYC or L.A.

With lush areas, that cater to rich people and a happening downtown attracting young adults in groves,  you’d never imagine it, but Tucson, Ariz. is becoming a great place for up-and-coming creatives to live.

Home to one of the country’s most fun party schools, that is paradoxically studious– The University of Arizona has been attracting the best and the brightest creatives to Tucson for years. Artists of all types who are catering to younger crowds are flourishing. But the city is also slick with wild wild west, cowboy, gunslingin’ desert history perfect for the budding mystery novelist. While the sun is down and the co-eds are at play, the thriving downtown music scene wherein artists like Calexico were born offers cheap amenities to up-and-coming bands plus primo weather for open-air shows and lugging gear back-and-forth as you please.

Located so close to L.A., San Diego, Las Vegas and Phoenix, Tucson has become a must-stop destination for all the big name musicians traveling through. Imagine seeing your favorite artist or DJ in an intimate venue with your closest friends? A luxury, a small, big city like Tucson can afford.

Tucson is quickly establishing itself in the technology world

Collaborative work spaces, trendy internet cafes, hole in the wall gems decorate the thriving, growing downtown area where you’ll find artist studios, galleries and performance venues. The magic of building community is a blossoming value to be discovered. There’s a reason they say Tucson is a small town in a big city.

Ramshackle mid-century hotels line the downtown streets and create an air of playful adventure. The historic, local favorite, Hotel Congress comes packaged with a story about being John Dillinger’s hide-out, a venue, and diner vibes near the trendy 4th Avenue.

Just imagine that Phoenix is like Dallas and Tucson is like Austin, only in a much cooler area, because, hello? Road trip to SoCal, and Las Vegas!

Complex.com’s list of the 10 Cities That Creatives Should Move to that aren’t LA or NYC:

  1. San Juan, Puerto Rico
  2. New Bedford, Mass.
  3. Providence, R.I.
  4. Tucson, Ariz.
  5. Athens, GA
  6. Hartford, Conn.
  7. Santa Cruz, Calif.
  8. Santa Fe, New Mex.
  9. Louisville, KY
  10. Big Sur, Calif.

Tucson AZ One of the Best Cities for Millennials

Tucson AZ One of the Best Cities for Millennials
Tucson AZ One of the Best Cities for Millennials

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:

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,
Tony Ray
(520) 631-TONY (8669)
Free relocation package and Tucson fun info