The Wall Street Journal and Realtor.com partnered together to rank the top 300 markets that are small, affordable and outdoorsy. Remote work has caused a migration out of large metropolitan cities to areas like Boulder, Colorado. In addition to house prices, other factors that made these cities ideal for remote workers are real estate taxes, unemployment, wages, commute time, and small business loans. The top 20 cities have an average population size of 400,000.
Here are the top 20 markets in the United States:
Elkhart-Goshen, Indiana
Burlington, North Carolina
Johnson City, Tennessee
Fort Wayne, Indiana
Billings, Montana
Raleigh, North Carolina
Rapid City, South Dakota
North Port-Sarasota-Bradenton, Florida
Topeka, Kansas
Visalia-Porterville, California
Fort Collins, Colorado
Durham-Chapel Hill, North Carolina
Santa Cruz-Watsonville, California
Boulder, Colorado
Huntsville, Alabama
Vallejo-Fairfield, California
Eureka-Arcata-Fortuna, California
Jefferson City, Missouri
Elizabethtown-Fort Knox, Kentucky
Colorado Springs, Colorado
Rapid City, South Dakota ranked 7th on the list is the second most populated city in South Dakota with a population of 75K.
Employers begin to taper hiring new employees
Entering Q3 of 2022, some of the largest publicly-traded companies are explicitly saying that they will be either slowing the pace of hiring or will be halting any new hires in the immediate future. Microsoft MSFT 0.00%↑ , Google GOOG 0.00%↑ , Meta META 0.00%↑, and Netflix NFLX 0.00%↑ are among a long list of companies who have now publicly stated that they are halting the hiring frenzy and will be focusing their efforts and resources on the people they have.
A question that hasn’t come up in this seasons’ earnings calls is will employers require employees to come back and physically work out of the company office? Perhaps, this topic is beating a dead horse and the debate is settled. If it is, then remote work and hybrid schedules are the new norm.
Here are the next 30 cities on the WSJ/Realtor.com Emerging Markets Index for Summer 2022:
Portland-South Portland, Maine
Yuma, Arizona
San Luis Obispo-Paso Robles-Arroyo Grande, California
Lafayette-West Lafayette, Indiana
Manchester-Nashua, New Hampshire
Santa Maria-Santa Barbara, California
Waco, Texas
San Jose-Sunnyvale-Santa Clara, California
Kingsport-Bristol-Bristol, Tennessee-Virginia
LaCrosse-Onalaska, Wisconsin-Minnesota
Pensacola-Ferry Pass-Brent, Florida
Wilmington, North Carolina
Tampa-St. Petersburg-Clearwater, Florida
Oxnard-Thousand Oaks-Ventura, California
Naples-Immokalee-Marco Island, Florida
Knoxville, Tennessee
Columbia, Missouri
Fresno, California
Columbia, South Carolina
Hickory-Lenoir-Morgaton, North Carolina
Charlotte-Concord-Gastonia, North Carolina-South Carolina
Coeur D’Alene, Idaho
Decatur, Alabama
Gainesville, Georgia
Modesto, California
Nashville-Davidson-Murfreesboro-Franklin, Tennessee
Columbus, Ohio
Salinas, California
Yuba City, California
Grand Junction, Colorado