As traditional workplaces continue to give way to virtual offices, young professionals have the freedom to live just about any place with electricity and WiFi. So why do Raleigh and Durham frequently turn up on lists of top cities for young professionals? Our real estate agents share the reasons.
- Raleigh Is Growing
Numbers tell the story: with a 17.4 percent increase in population since 2020, Raleigh is the second-fastest growing large metro area in the United States. The only city surpassing them is Austin, TX, another hot draw for young professionals. This feature becomes even more attractive based on the mix of cultures and lifestyles. Best Neighborhood, a website that compiles and quantifies extensive data about cities, gives Raleigh a score of 94 out of 100 on their diversity scale.
- Raleigh/Durham Is a Hub of Higher Education
Young professionals often find that a resume demonstrating academic achievement gives a great boost up the career ladder. Whatever your field of interest, you can pursue it at one of the higher education institutions around Raleigh and Durham properties for sale. Forbes once ranked Raleigh #2 on the list of the Most Educated Cities in America. Duke University, University of North Carolina-Chapel Hill, and North Carolina State University all have national reputations for academic excellence.
- Raleigh Has an Affordable Cost of Living
People in their 20s and 30s are saving money to buy a home, start a family, and attain other major life goals. In Raleigh, they get to keep more of their paycheck. According to the nationwide apartment listing service Rent Cafe, the cost of living in Raleigh is two percent lower than the state average and six percent lower than the national average. The largest savings come in the categories of food, healthcare, and goods and services.
- Raleigh/Durham Is a Hotbed of Technology
Today's young professionals have never known a time without cell phones, computers, and other high-tech tools. As home to 4,000 tech companies employing more than 60,000 people, the Triangle is the second-fastest growing tech hub in America. Epic Games, Red Hat, Pendo, and K4 Connect are just a few of the companies that make their home in the Triangle, giving rise to the nickname "the Silicon Valley of the metaverse."
- Raleigh Is Close to Nature
People who work hard usually play hard as well. The sophisticated urban cityscape of Raleigh is just minutes away from an outdoor playground offering a wide range of activities and adventures. In fact, you barely have to leave the city to reach Umstead State Park, a dog-friendly oasis for hiking, biking, horseback riding, paddling, and fishing. Yates Mill County Park provides a glimpse into the area's history, while Pullen Park is a family-friendly spot where you can ride a carousel, swim, or ride a pedal boat.
- Raleigh Has a Strong Economy and Job Market
In addition to technology, major opportunities are available in the medical field, thanks to three major medical centers and nearly 500 healthcare companies. Another good sign: a joint study by Wall Street Journal and Realtor.com identifies Raleigh as one of the Top 20 Emerging Housing Markets in the United States.
Raleigh homes for sale are a great value for young professionals and anyone who's seeking a balanced and satisfying lifestyle. Contact us at Coldwell Banker Howard Perry and Walston for more information.