Salt Lake City One of the "New Big Boom Towns" According to Forbes

Forbes magazine recently ranked 52 of the largest metro areas in the country according to which cities are most likely to grow and prosper in the coming years. Salt Lake City ranked among the Top 20, coming in at #12. Why did Salt Lake do so well? Here's a look at how Forbes judged the cities:

We started with job growth, not only looking at performance over the past decade but also focusing on growth in the past two years, to account for the possible long-term effects of the Great Recession. That accounted for roughly one-third of the score.  The other two-thirds were made up of a a broad range of demographic factors, all weighted equally. These included rates of family formation (percentage growth in children 5-17), growth in educated migration, population growth and, finally, a broad measurement of attractiveness to immigrants — as places to settle, make money and start businesses.

Forbes discovered what most of us already know; the Salt Lake City area is a great place to live and work! The best news is that as the Salt Lake metro area's economy prospers, home values will likely continue to rise, making now a great time to own a new home near Salt Lake City!