Pittsburgh Makes List of Best Cities for Riding Out a Recession
October 29th, 2008 categories: Buyers
According to a ranking by BusinessWeek, Pittsburgh was #6 on its list of the best cities to live during a recession. Cities with a strong presence in health care, education, law, energy, and the government will feel the impact of a downturn less than others.
“[E]ven in a recession some communities will fare better than others. And it’s not necessarily just the rich ones. What will be most important will be to find communities where the local economy will be relatively unscathed. That means that in the near term people who work in critical fields such as health care and education are likely to enjoy greater job security than those who work in sectors such as financial services or construction. That does not mean these communities will be recession-proof, but it does mean they may be hurt less than others.”
Here are the top 10 cities from BusinessWeek’s report. Go to their site to view the slideshow of all 20 cities that made the list.
- Arlington, VA
- District of Columbia
- Durham, NC
- Madison, WI
- Boston
- Pittsburgh
- Baltimore
- Baton Rouge, LA
- New Orleans, LA
- Philadelphia
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- Pittsburgh Ranked Third Least Expensive for Homeowners
- Pittsburgh: A Best City for Young Professionals
- Pittsburgh Recognized as a Real Estate Best Bargain
