The July 2009 issue of Kiplinger's Personal Finance magazine has published a "2009 Best Cities" list in which Madison WI is ranked #7. According to Kiplinger.com, the list focuses on cities that can boast stable employment including the talent to create new, well-paying positions explaining that it is these cities' robust job markets that make them "safe havens" during the recession and which should give them a "head start toward growth" when the recovery takes off.
Martin Prosperity Institute research director Kevin Stolarick evaluated U.S. cities for their growth potential, looking at the overall number of jobs, quality of positions, and the ability of cities to retain those positions when the economy slows. Says Stolarick, "Although downturns are felt by everyone, our research has shown that the impact is less severe for those in the creative class -- people who are paid to think." The full Kiplinger article goes on to explain that one key indicator of a city's resilience is the presence of people who work in professional occupations, such as science, engineering, architecture and education. The 2009 Best Cities list includes various cities' greater metro areas because the suburbs and surrounding communities contribute to job stability. The list does not just include big cities but some smaller metro areas as well.
For a complete list of all the awards won by the City of Madison WI since 1994, check out our awards page. To buy or invest in Madison WI please visit the links below or search the MLS on our site. Alternatively, please contact broker|owner Jolenta Averill at (608) 230.5553 for more personalized service.
Posted by Jolenta Averill on
I had recently heard that the economy was still moving fairly well around Madison, good to see that this really is the case. Service focused economies (including education) can hold water in tough times, especially considering that many professionals decide to return to work when the job market is tough. I hope this all translates into some listings and transactions Jolenta!
Posted by REW Blogs Ryland on Wednesday, June 3rd, 2009 at 7:15pmJolenta, first I want to say that you have a fantastic website! ;)
Posted by Dennis Pease on Sunday, June 7th, 2009 at 10:28pmThis study by Kiplinger is based on the strength of the economy and job market. I'm not very familiar with Madison, but it is a stronger economy than I would have guessed. In these tough times, it's good that you are in such diverse and economically balanced city.
Great to hear that Madison is doing so great and having a great economy!
Posted by Ashlee in FW on Tuesday, June 9th, 2009 at 6:01pmPretty cool that Madison and Austin were ranked so close together. Both being big university towns probably helped us both with out ranks on the list.
Posted by Sam in Austin on Wednesday, June 10th, 2009 at 3:32pmLeave A Comment