Fort Bend Ranked #3 in Texas for Purchasing Power
According to a recent study by SmartAsset a New York financial technology company Fort Bend County ranked third in Texas for purchasing power. The study analyzed cost of living from various places across the United States. Fort Bend County ranked in the top 3 within Texas with a purchase index rating of 96.16 for residents.
Across all counties in the Greater Houston region Fort Bend led the rankings, and ranked at number 7 in the United States. Fort Bend also is the top ranked county for median income in the region, number 2 in the state, and ranked nationally at number 36 for median income. Accoring to SmartAsset the median income in Fort Bend County is $86,407 vs the cost of living is $43,255.
SmartAsset aggrgated data from cost of living (living expenses, food, education, childcare, health care, housing, transportation, and taxes) compared to median income to the cost of living nationwide to determine the counties where residents have the most purchasing power.
So what does this all mean? For retailers, businesses, and even residents these numbers are key. Businesses already know Fort Bend County is a great place to be located with a favorable business climate, demographics, and growth in the area. This is key to sustained commercial development and residential development. Residents are able to live comfortably in one of the top ranked counties in the country for various metrics, while businesses grow around them to provide services and products nearby.
Many franchises and companies analyze these metrics and similar data before contacting Mike Wong for commercial real estate opportunities in Sugar Land. From Fortune 500 companies, Developers, Doctors, Franchises, to small local owned businesses, they seek a local expert to guide them through the process of identifying and securing locations across the region that match their goals.
The complete rankings are available at: http://bit.ly/1Yqda5A
MIKE WONG 713.935.5800 KW COMMERCIAL
KELLER WILLIAMS REALTY SOUTHWEST
COMMERCIAL | RESIDENTIAL | LEASING | INVESTMENTS | DEVELOPMENT | INTERNATIONAL
Comments(1)