I think when Forbes names your city #1, The Woodlands, for a Paycheck Stretch .... people listen! "Forbes names Houston #1 Paycheck Stretch" The Woodlands, 27 miles North of Houston, helps stretch those salaries!
Source: Forbes
But wages are just one part of the equation — high prices in those East and West Coast cities mean the fat paychecks aren’t necessarily getting the locals ahead. When cost of living is factored in, most of the places that boast the highest effective pay turn out to be in the less celebrated and less expensive middle part of the country. My colleague Mark Schill of Praxis Strategy Group and I looked at the average annual wages in the nation’s 51 largest metropolitan statistical areas and adjusted incomes by the cost of living. The results were surprising and revealing.
In first place is Houston, where the average annual wage in 2011 was $59,838, eighth highest in the nation. What puts Houston at the top of the list is the region’s relatively low cost of living, which includes such things as consumer prices and services, utilities and transportation costs and, most importantly, housing prices: The ratio of the median home price to median annual household income in Houston is only 2.9, remarkably low for such a dynamic urban region; in San Francisco a house goes for 6.7 times the median local household income. Adjusted for cost of living, the average Houston wage of $59,838 is worth $66,933, tops in the nation.
Let me share with you WHY THE WOODLANDS is your top choice to relocate to the Houston area for a #1 Paycheck Stretch according to Forbes.
- #1 Best Selling master-planned community in the state of Texas
- 27 miles North of Houston
- 16 miles from George Bush Intercontinental Airport
- Close to I-45 and the Hardy Toll Road
- Cynthia Woods Mitchell Pavillion outdoor amphitheater
- 190 miles of hike and bike trails
- Exemplary public schools and Acclaimed private schools
- Ranked one of the top 10 safest communities in Texas
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