Report: Boston’s job market among nation’s best

by James McClister

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Boston has one of the country’s best job markets, according to an analysis from information services company ConstructConnect. That’s positive news for both incoming buyers and the long-term stability of the city’s housing market.

In its analysis, ConstructConnect considered 50 of the nation’s largest job markets, and determined Boston’s to be fifth best among the lot. Researchers found the city to have a strong median home price and to have experienced a healthy employment growth rate from 2015 to 2016. However, the most impressive stat to come out of the analysis is that Boston’s unemployment rate, as of Dec. 2016, was 2.5 percent, the lowest in the country.

See our below table to compare Boston’s job market with others across the country.

Top Job Markets

Rank City
1 Salt Lake City
2 San Jose, Calif.
3 Denver
4 Dallas
5 Boston
5 Seattle
7 Washington, D.C.
8 Nashville
8 San Francisco
10 San Antonio

Top Median Prices

Rank City Median existing SFH price
1 San Jose, Calif. $900,000
2 San Francisco $748,000
3 San Diego $510,000
4 Los Angeles $435,000
5 New York $389,000
5 Boston $375,000
5 Washington, D.C. $368,000
8 Seattle $352,000
8 Denver $338,000
10 Riverside, Calif. $281,000
10 Miami $269,000

Best Unemployment Rates

Rank City Unemployment rate (Dec. 2016)
1 Boston 2.50%
2 Denver 2.60%
3 Salt Lake City 2.70%
4 Austin 3.20%
5 San Francisco 3.40%
5 San Jose, Calif. 3.40%
5 Washington, D.C. 3.40%
8 Indianapolis 3.60%
8 Minneapolis-St.Paul 3.60%
10 Dallas 3.70%
10 San Antonio 3.70%
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