Published on:

Forbes tells us all where to go .. same to you buddy!

America’s increasingly unaffordable cities

By Matt Woolsey, Forbes

Seattle and Dallas tied for the highest inflation rates in the country at 5.8%. Detroit rated the lowest of all cities studied, but that”s hardly a silver lining as its unemployment rate stands at 8%.

If you live in Seattle, it might be time to ask for a cost-of-living increase. The city has the highest inflation rate in the country.

“Seattle household income is fairly high, and that helps to maintain a high rate of inflation since higher income areas can afford price increases,” says Steve Cochrane, an economist with Moody’s Economy.com. “Some of it is fuel, but housing prices have also been more stable than anywhere else on the West Coast, which adds to inflation.”

Normally, Seattle’s 3.7% unemployment rate, well under the national average of 5.5%, would be a good thing. But a growing economy with low unemployment drives up wages and costs. The Emerald City’s consumer prices are up 5.8% from this time last year, which ties for the highest inflation rate in the country with Dallas, where high energy costs for home cooling and driving are eating up incomes.

Other hard-hit cities include Los Angeles, Phoenix, Ariz., and Milwaukee. [read the full article here]

Published on:
Updated:
  • online finance magazines

    Dear owner of This Blog

    To day i find a blog for make many of a new friends that write about finance ,money Investment tips etc., Goodluck much more ,Accidentally I meet your blog.while I read you blog .I thing your blog is good and useful for my reader very much.

    My blog Update every day about Finance tip. Company, and etc., have many regular visitor. I hope to be your friend. and exchange a reader.

    Please If you interesting for enhance a new reader please add my link in your blogroll and contact me by email that i send to you . I will add your link fast as fast i can.

    Thank you Goodluck.