From diverse residents to endless dining options to fun nightlife (in non-Covid times, of course), there’s nothing quite like living in a city. Metropolitan hubs across the country have become hotspots for community, culture and opportunity, as well as some truly beautiful homes. If you’re thinking of making the switch to city living, keep a few key benefits in mind when it comes to your unique situation.
Opportunity
One of city-living’s biggest draws is the sheer number of personal and professional opportunities. Whether your family is after a state-of-the-art education, career, or volunteer opportunity, the city is usually the place to go. It’s no secret that there tend to be more jobs in cities, but did you know the median pay in large and medium-sized metropolitan areas is more than 8% higher than the national average (Bloomberg, 2018)?
Convenience
Between modern public transit, high walkability scores and diverse, thriving neighborhoods, major cities are known for their convenience (HGTV). By strategically choosing a city neighborhood, you can significantly shorten the distance to work, recreation or the grocery store. You’ll also have easy access to the things you need when you need them, whether that be late-night takeout while moving in or a nearby finance professional when looking to buy.
Cost-saving Opportunities
One of city living’s biggest draws is the sheer number of free or low-cost amenities residents enjoy. Between the many interconnected neighborhoods and advanced public transportation services, some city-dwellers choose to forgo their own car (Bloomberg, 2019), potentially saving big on gas, insurance, parking and repairs. Cities across the nation also host hundreds of free or low-cost events each year, must-try specials and deals at local bars and restaurants, while dozens of neighborhoods offer prices ranging from ultra-affordable to ultra-luxe. Putting some thought into your choice of location, mode of transportation and entertainment may allow you to save a bit more and find some wiggle room in your budget when it comes time to buy.
Variety
City living allows many more options when it comes to unique, diverse neighborhoods, home styles and buildings. Perhaps you’re partial to the historic district and looking to purchase a storied, two-story Tudor. Or maybe modern, high-rise living in the bustling downtown district is more your speed. Either way, you’re sure to see homes of all shapes and sizes in the city and will enjoy a larger pool of potential properties than somewhere a bit more rural.
Culture
Many cities across the nation serve as their state’s vibrant cultural center. From global museums and art galleries to authentic ethnic restaurants, there are countless opportunities to immerse yourself in the local community. Whether you’re a flamenco dancer or outdoor enthusiast (Apartment Therapy, 2020), your nearby metropolitan center is sure to have a welcoming community for you.
Growth
The secret is officially out. Cities across the nation are growing at a staggering speed (WalletHub, 2020) as renters and buyers alike flock to the rich, diverse neighborhoods of these massive municipalities. If you’re looking to purchase soon, projected growth could give you plenty of time to enjoy your new space, build equity and have your pick of buyers when it comes time to sell. There’s no time like the present to pack up, move in and make your mark on a new neighborhood.
Between the wealth of opportunity, diverse communities and projected growth, it’s easy to see why so many people make their home amongst the skyscrapers. City living offers a new pace of life and, potentially, the perfect new place. Remember, it’s never too late to live out those big-city dreams!
Published on December 7, 2020
