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Metro Denver Drops to the 5th Least Affordable U.S. Market

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Home prices are outpacing household incomes across metro Denver, leaving buyers with few options for affordable housing. Denver moved from the country’s eighth least affordable metro to the fifth in March after home sold prices rose 23% year-over-year to a staggering $564,990, over 6 times the median household income, The Denver Post reports.

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The List No One Wants to be On

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SmartAsset crunched figures for unemployment, poverty, income, divorce rate and more for 99 cities and compiled a list of metros with the most financial stress. Texas has five cities on that roster with El Paso, Corpus Christi, Houston, San Antonio, and Laredo ranking high for housing insecurity.

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The Most and Least Affordable Cities for Renters

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When housing costs should account for 30% of income, it can be difficult to keep up in areas where the rent-to-income ratio is high. SmartAsset’s analysis reviewed income and rents across the country’s largest 25 cities to find the most and least affordable cities for renters. Income needed varies by more than a factor of four.

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FEATURE STORY: 2013 Economic Development Awards

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Qualifying businesses are eligible to receive an accelerated, 10-year state income tax depreciation deduction, a sales tax exemption for equipment and materials purchased from the date of the project’s certification until three months after the facility is completed, and a 10-year ad valorem tax exemption. 68; Port of Mobile.

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LOCATION FOCUS: Texas: Big Heart, Country, Business

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no personal income tax), business-driven tort reform, a variety of incentives and an overall low cost of doing business. Midland is located in the heart of West Texas, half way between Fort Worth and El Paso. Texas also has a well-earned reputation as the best state in the U.S. to do business.

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Cover Story: New Energy Powers Growth

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The Solar Market Development Tax Credit, established in 2006, created an income tax credit for homeowners, businesses and agricultural entities that install solar PV or solar heating systems. also is building a 50-MW PV plant to supply El Paso Electric Co., First Solar Inc. making it the largest solar plant in New Mexico.