Cincinnati Ohio Economic Development

Cincinnati named 'value city'

Cincinnati.com
Cincinnati’s falling unemployment rate, downtown redevelopment and reasonable cost of living have propelled it onto Kiplinger’s Personal Finance’s list of “10 Best Value Cities for 2011.”

Kiplinger said that “despite its small-town affordability, Cincinnati is rife with big-city amenities,” while noting the zoo, Bengals, Reds, Oktoberfest and children’s museum.
Kiplinger also cited Cincinnati’s distinct neighborhoods, which feature a wide range of housing prices; its corporate culture, which includes 10 Fortune 500 companies; and its median household income of $53,329.

According to Kiplinger, Cincinnati’s cost of living is about 7 percent below the national average. The local unemployment is now 8.5 percent, down from 9.4 percent a year ago.
In a story, Kiplinger quoted local leaders and business people including Ellen van der Horst, Cincinnati USA Regional Chamber president; Dan Korman, owner of Park and Vine; and Wendy Smith, owner of Redtree Gallery.

Kiplinger rated Omaha, Neb., as the best value city for 2011. Next was Charlotte, then Nashville, Colorado Springs, Knoxville, Lexington, Little Rock, Wichita, and Cedar Rapids.

Read the Cincinnati.com article here.