Are you looking to live in an area that promises job growth and economic success? Columbus, Ohio is competing with many other cities across the country as one of the fastest growing cities in America. With strong economic growth, we think that Columbus is one of the hottest places to be. Here are some statistics to back this up. Let’s take a look at why Columbus is one of the best cities to be a part of. This is why our apartments at The Arbor are a highly sought after places to live.
Traditionally there are three indicators of a metro area’s success and growth: population growth, income growth, and housing market growth. Columbus, Ohio is performing very well at all three. Columbus ranks as the 14th largest city in America and recently took the title as the only large northern city to grow by more than ten percent from 2010 to 2017. This is an astounding growth rate for a city.
An increase in population results in a larger demand for housing, which inevitably drives home values up. Steady growth rates from 2013-2017 facilitated growth of home values in Columbus 9.2% in the past year. The high demand for city living in Columbus is driving home values and prices up, helping to contribute to a booming economy in Columbus. Columbus ranks as America’s fourth hottest real estate market by Realtor.com. Homes for sale in Columbus are receiving more interest from buyers. Homes are spending less time on the market. Columbus apartments are increasingly becoming a hot commodity and we are proud to serve our Columbus residents as one of the hottest and most modern places to live in the downtown area.
Jobs, Jobs, Jobs!
Some recent economic studies show that young college-educated professionals are increasingly moving to downtown neighborhoods and metro areas across the country. The population growth in Columbus, Ohio is consistent with this finding as there are many employment opportunities for young professionals and recent college graduates in Columbus.
There is no shortage of Columbus jobs! The United States Bureau of Labor Statistics reports Columbus’ unemployment rate at only 3.5% as of March 2018, below the national average. According to the Census Bureau and Bureau of Labor Statistics, Columbus reported number one for job growth and population growth among large metropolitan mid-west regions. Some of the major employers of Columbus residents are:
JP Morgan Chase & Co.
Ascena Retail Group, Inc.
Honda of America Manufacturing, Inc.
L Brands, Inc.
Huntington Bancshares, Incorporated
American Electric Power Company, Inc.
Alliance Data Card Services
These are the top ten employers in the eleven county area that makes up the Columbus region. JP Morgan Chase & Co. is by far the largest employer of the region employing over 20,000 people with many job opportunities and competitive salaries for Columbus residents.
Don’t miss out on your chance to be a part of this booming economy in Columbus, Ohio. At The Arboryou can make Columbus your new home and take part in an economy that offers growth, success, and ample job opportunities. Contact us at (614) 371-7115 or email us at email@example.com