Kiplinger cites low cost for high quality
ROUND ROCK, Texas- Round Rock was ranked the “cheapest city you will want to live in” by Kiplinger yesterday, citing the “big-city salaries and small-town prices” as major attractors for people of all ages.
“Kiplinger has done a great job of combining cost of living factors with economic prosperity and quality of life,” Round Rock Mayor Alan McGraw said. “We’ve been working for years to diversify and grow the Round Rock economy, and give our citizens options to work where they live. Our economic development partnership between the city and the chamber has been a great part of making that happen.”
The criteria considered by Kiplinger for the ranking was the cost of living, strength of the local economy, and the job market. “The cheapest places to live aren’t necessarily the best places to live,” stated the article.
Round Rock was ranked the top city for several reasons, including the low cost of living (9.4% below U.S. average) coupled with the highest median income on the list ($17,000 above U.S. median). In addition, the city’s major employers show a range of job opportunities with Dell and TECO-Westinghouse among the largest. Not to mention the inexpensive family fun at the Round Rock Express – the Texas Rangers’ Triple A affiliate.
According to the Round Rock Chamber of Commerce & Economic Development Partnership’s President and CEO Mike Odom, the business-friendly mayor, council, commission, and business community are the major drivers of this ranking. “Without them, Round Rock would not have been able to achieve the amount of quality growth that has been such an attractor for residents and businesses.”
The Round Rock Chamber of Commerce & Economic Development Partnership’s research team works to gather the quarterly cost of living data and submit it to the Council for Community and Economic Research (C2ER). This allows businesses and site selectors to directly compare the cost of living in other cities to that of Round Rock, rather than the Austin Metro as a whole. View the full article at https://finance.yahoo.com/news/cheapest-cities-want-live-155717697.html.
About the Round Rock Chamber of Commerce & Economic Development Partnership
The Round Rock Chamber of Commerce & Economic Development Partnership is one of the largest and most active business organizations in Central Texas. Its approximately 1,000 investors collectively employ more than 25,000 people in the area. It is also the region’s only accredited chamber by the U.S. Chamber of Commerce. For more information, visit www.roundrockchamber.org.