Houston, You're Damn Mellow When It Comes to Finances (Really?)
A new study claims Houston is one of the best cities in the country when it comes to not getting too stressed about personal finances.
This "Houston" that CardHub.com is talking about is apparently the one right here in Texas -- the one where we don't know too many people who aren't "stressed about personal finances."
Maybe we're just hanging with the wrong crowd.
Only people in Minneapolis are less stressed by finances, and that's probably because they devote their stress to figuring out whether they're called Minneapolisites or Minneapolisonians or just plain cold.
"CardHub's analysis focused on a variety of factors -- from rate of job growth and cost of living to transportation expenses and average commute time -- that speak to relative differences in economic opportunity and daily frustration in each of the 30 largest metropolitan areas in the United States," the company said, which certainly sounds scientific enough for us.
The top 10 best cities for what they call "Wallet Wellness": 1. Minneapolis, MN 2. Houston, TX 3. Dallas, TX 4. Pittsburgh, PA 5. St. Louis, MO 6. Cleveland, OH 7. Kansas City, MO 8. Cincinnati, OH 9. Chicago, IL 10. Atlanta, GA
The worst three: Las Vegas, Portland, Oregon and Riverside, California, two of which we heard from.
And why is Houston so damn mellow?
The combination of Houston's low cost of living and high average income were the driving factors behind "Space City" ranking as the 2nd Best City for Wallet Wellness in America. Houston also added 63,000 jobs to the workforce in the last year alone, putting it in the top 5 nationally in terms of job growth.
That, as well as Houston's overall resilience throughout the Great Recession and ensuing recovery, can be explained in large part by the fact that the city serves as a hub for a number of major industries, ranging from manufacturing and energy to aerospace and biotechnology. It's also a cornerstone of international trade and distribution, boasting the busiest port in the United States in terms of foreign tonnage as well other logistical advantages given its location equidistant between the East and West coasts.
It's therefore no surprise that Houston has been one of the most popular destinations for relocation over the past few years.
So if you're worried about your personal finances, sack up. Be a Houstonian. Let nothing harsh your mellow, be it traffic, salary, job worries or any of those things people in Riverside, California worry about.