Tag Archives: Business and Economy

Here’s how North Carolina’s economy ranks among other states

Where does the Tar Heel State rank in terms of its economy, relative health and innovation potential?

A new report by WalletHub, the personal finance website,ranks North Carolina as the 15th best economy in the country overall.

WalletHub compared the 50 states and the District of Columbia, looking at 27 indicators of economic performance and strength. The data it examined ranged from GDP growth to startup activity, according to the report.

North Carolina, with an index score of 57.34 out of 100, also ranked 11th in terms of economic health and 12th for innovation potential. The state placed in the 24th spot in terms of economic activity. Those three categories were looked at to determine states’ overall ranking on the study.

The states with the best economies are Washington, California and Utah. Those with the worst economies are West Virginia, Louisiana and Mississippi, according to the report.

To see where other states come in, see WalletHub.

by: Jessica Seaman, Triad Business Journal

Survey finds Raleigh appealing for new grads looking for jobs

For recent graduates looking for a place to start their careers, the Triangle has a potent combination of good salaries and reasonable rents, according to a new survey.

Indeed.com and Trulia.com teamed up to take a look at markets that combined strong job opportunities and reasonable costs for housing. That’s a critical combinations for graduates, who don’t want to see their first pay checks disappear when the rent is due.

Some markets, such as San Jose and Washington, D.C., promise high salaries but also have extremely high rents.

That’s not the case in the Raleigh, Durham and Chapel Hill area, where rental listings on Trulia.com and job postings on Indeed.com looked promising for those starting their careers.

The survey looked at rental costs and also availability of jobs likely to attract recent graduates.

Money crunched the numbers of the top markets and then ranked them by salaries for new graduates. Yahoo’s survey ranked the Triangle No. 15 overall, with graduates making an average of $2,581 a month. That’s not a bad start in a market where Trulia said 9.8 percent of listings in Raleigh and 7.3 percent of listings in Durham-Chapel Hill were affordable.

Money ranked Houston No. 1 ($3,188), followed by Dallas at No. 2 ($2,925)

by: Dane Huffman, Triangle Business Journal

Triangle has 2 of the healthiest housing markets in U.S.

We’re happy to publish this article telling us that the triangle’s housing market is strong.

Durham barely inched out Raleigh in a new study of the healthiest housing markets in the U.S. – both cities placed in the top 15.

The study, done by SmartAsset, measures each housing market by its stability, risk, fluidity (ease of sale) and affordability. Based on those primary factors, Durham was assigned a healthiest markets index score of 82.71, ranking No. 14 nationally, and Raleigh came in a shade under that at 81.21, taking the No. 15 spot.

Both cities performed among the top in the country in several metrics, including the average percentage of homes with negative equity in which both had less than 10 percent and the percentage of homes decreasing in value, both coming in around the 5 percent mark.

Nationwide, it was Texas that took the top two spots: Plano was No. 1 with a healthiest markets index score of 100, followed by Arlington, with 95.21.  Rounding out the top five were Grand Rapids, Michigan, with a score of 93.84; Pittsburgh (89.36) and Fremont, California (89.04).

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