By Randi Petrello
Young attorneys looking for an affordable place to live need not look any further than Cleveland, according to a new list.
Greedy Associates, a lifestyle and career blog from FindLaw, ranked the top five affordable cities for young attorneys. The site used two studies, National Jurist’s “Best Cities for Young Attorneys,” and Demographia’s survey on affordable housing to create the list.
Cleveland is noted as the No. 28 best city for new attorneys and No. 8 on Demographia’s list for affordable housing. Cleveland is also home to Justice Antonin Scalia, according to the report. The home value index here is $52,100, according to Zillow data, and the median salary brings in six figures.
Pittsburgh ranked No. 3 on the list. The site noted you can buy a house in Pittsburgh for $116,000 and that the median income for attorneys is about $78,000. Homes here are valued at $87,200, according to the most recent Zillow data.
Josh Caldwell, president of the Pittsburgh Real Estate Investors Association, said that the Pittsburgh area sees a lot of people moving to the area for education purposes.
“Homebuyers here tend to be college-educated people,” Caldwell said.
Among those looking to purchase homes are a lot of first-time buyers under the age of 40 with families and one or two kids, Caldwell said.
Topping the list was Atlanta, where the average salary is $135,000 and the average house costs $152,000. The site noted that you could buy four houses in Atlanta for what it would cost to buy just one in San Francisco.
Also on the list was St. Louis, which has a high population of people ages 25 to 34; at No. 2, and Cincinnati, No. 5, where the median annual salary is $65,000.