Portland ranks #1 best city to live by Bankrate
Recently Bankrate rated all the metro areas in the U.S. and determined which are the best and worst cities to live in based on multiple criteria.
Metro differences that matter
According to Bankrate, “Based on Wachter’s advice and some of our own research, we selected factors that influence the overall cost and benefits of home ownership and set about finding the best data available to measure them. They include:
- Property taxes.
- Property insurance costs.
- Foreclosure rates.
- Maintenance costs.
- Average monthly home energy costs.
- Appreciation rate.
- Rent hedging.”
Out of a possible score of 80, Portland ranked the highest with at total score of 60.58.
Unlike many similar rankings, Portland was the only west coast city among the top ten, with other west coast cities such as Seattle, San Francisco, San Jose, Los Angeles and San Diego considerably lower in the rankings.
Portland had among the lowest foreclosure rate in the country, and THE lowest costs for property insurance!