No. 3: Omaha, Neb.
Don't pigeonhole Omaha as insurance, Warren Buffett and mail-order steaks.
PARADISE ON THE PLAINS
Population: 821,356
Population Growth Since 2000: 6.6%
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Percentage of Workforce in Creative Class: 30%
Cost-of-Living Index: 89.4 (100 being national average)
Median Household Income: $51,627
Income Growth Since 2000: 15.1%
Take Our Walking Tour Through Omaha
Funky, yes, but the city's success is defined by its midwestern values. People preach and practice a strong work ethic and modest lifestyle. They also believe in giving back to the community, and that includes the chief executives of the five Fortune 500 companies headquartered here.
Consider the 175,000-square-foot Holland Performing Arts Center. Built with private funding from corporate executives, philanthropists and civic leaders, this $100-million facility is a symbol of 21st-century urban modernism. A 2,000-seat, state-of-the-art concert hall -- with chiseled acoustic panels -- is the place to experience the classics, performed by the Omaha Symphony Orchestra.
And encouraging news: Businesses here are hiring and recruiting young professionals, especially in finance, health care, information technology and insurance. Entrepreneurs can also find fertile ground to make their mark. Rachel Jacobson, 29, who owns Film Streams, says that she wouldn't have opened her theater anywhere else. "Omaha is very open to new ideas."
Omaha continues to expand westward. Venture 10 miles southwest and you'll come to Millard, a suburb known for its top-rated, nationally recognized public-school system. It's a peaceful community with well-manicured lawns, sprawling subdivisions and shopping malls. Home prices are affordable, too. For example, a 3,000-square-foot, four-bedroom home sells for about $350,000, while a 2,000-square-foot, three-bedroom home goes for about $200,000.
Sales and property taxes are high -- upwards of 10%. But, says Tammy Lane, a mother of two whose kids are enrolled in Millard's public schools, "I love living here. It's the growth and quality of the schools that make the taxes worth paying."
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Stock Market Today: Stocks Soar to Start the Santa Claus Rally
All three main equity indexes flew like the down of a thistle on Christmas Eve.
By David Dittman Published
-
AI Wants You to Overspend on Gifts This Season: What to Do About It
I urge you to doubt AI advice just as much as you doubt flesh-and-blood advice.
By Howard Dvorkin Published
-
How to Find Foreclosed Homes: Best Foreclosure Listings Sites
Making Your Money Last Find foreclosed homes for sale on these foreclosure listing websites. Search for properties on these free, paid or government sites.
By Bob Niedt Last updated
-
Luxury Home Prices Rise as the Rich Dodge High Mortgage Rates
Luxury home prices rose 9% to the highest third-quarter level on record, Redfin reports, growing nearly three times faster than non-luxury prices.
By Kathryn Pomroy Published
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to Shop for a Low Mortgage Rate
Becoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
By Daniel Bortz Last updated
-
Is Relief from Shipping Woes Finally in Sight?
business After years of supply chain snags, freight shipping is finally returning to something more like normal.
By David Payne Published
-
Looking to Relocate? Plan for Climate Change
buying a home Extreme weather events are on the rise. If you’re moving, make sure your new home is protected from climate change disasters.
By Rivan V. Stinson Published
-
Retirees, A Healthy Condo Has a Flush Reserve Fund
Smart Buying Reserve funds for a third of homeowner and condo associations have insufficient cash, experts say. Here are some cautionary steps you should take.
By Patricia Mertz Esswein Published
-
Economic Pain at a Food Pantry
personal finance The manager of this Boston-area nonprofit has had to scramble to find affordable food.
By Emma Patch Published