Analysis ranks Round Rock No. 1 in Texas for 'biggest bang for your buck'
Round Rock ranks No. 1 among Texas cities as the place to get the "biggest bang for your buck" according to a recent report.
"When it comes to finding the best place to live in Texas, you've got to factor in more than just home costs," according to Saveonenergy.com. "A cheap place to live with a high crime rate or low income levels isn't an ideal place to call home."
Here's what the report stated about Round Rock:
"Round Rock has the small city charm with big city access. But that's not why the city tops the list. Round Rock's unemployment rate is well below the U.S. average of 7 percent, utility rates are among the lowest in the state and it's extremely low crime rate make Round Rock a safe place to call home.
"Although home prices in Round Rock are among the highest on the list, they are still below the state average of $311,856 and well below the average listing in nearby Austin ...
"Residents of the city also enjoy a higher household income than most in the United States, making the higher price point more affordable."
The survey reviewed every city with a population of 75,000 or more, examining unemployment rates, household income, housing costs, utility bills and crime rates "to help you find the all-around best place in Texas to get the biggest bang for your buck."
The top 10 cities had the best combination of all the factors listed below as compared to national or state data. Here are the criteria:
- U.S. unemployment rate: 7 percent
- U.S. median household income: $53,056
- Average house listing price in Texas: $311,856
- Average Texas electric rate: 10.5 kWh
- U.S. crime rate 301.1 (The higher the number, the more crime)
Here are Round Rock's statistics:
- Unemployment rate: 4.7 percent
- Median household income: $69,998
- Average house listing price: $296,576
- Average electric rate: 10¢ per kWh
- Crime rate: 146.9
Other cities on the list include Frisco, Richardson, Midland and League City.
Posted: Thursday, April 03, 2014