What happens when a single American city boasts an annual gross domestic product of $288.5 billion, annual job growth of 2.7 percent over the past five years, and a 4.7 percent increase in income over the same period?
Well, you name it the best city in the U.S. for business and careers, obviously.
That is exactly what Forbes has done. In its recent report, Seattle was ranked first in the nation—ahead of places like Portland (#3), Dallas (#6), and San Francisco (#22)—for business and careers in 2018.
The business magazine had this to say about its top-spot:
“Seattle rates as Forbes’ best city for business for the first time. Credit a booming economy, educated work force and large millennial population.
The metro area is home to the two richest people on the planet in Amazon founder Jeff Bezos and Microsoft cofounder Bill Gates. The two tech titans are worth a combined $250 billion.
“Seattle’s most well-known nickname is ‘the Emerald City,’ in reference to the lush evergreen forests of the area. Seattle is also referred to informally as the Rain City and Jet City, the latter title referring to the local influence of Boeing, the multi-national aerospace company which was founded in Seattle (Boeing moved its corporate headquarters to Chicago in 2001).
“The Port of Seattle, which also operates Seattle-Tacoma International Airport, is a major gateway for trade with Asia and cruises to Alaska, and is one of the largest port in the United States in terms of container capacity.
Seattle has a reputation for heavy coffee consumption. Coffee companies founded or based in Seattle include Starbucks, Seattle’s Best Coffee and Tully’s.
“The city is home to the prestigious University of Washington as well as Seattle University, Seattle Pacific University, City University of Seattle and Antioch University Seattle.”
Most people know that Seattle has a high cost of living—the median home price in the metro area is $564,000—but the Emerald City’s living and business expenses, while “cons,” are more than mitigated by its “pros” such as its median household income of $86,574 (and growing, while wages stagnate elsewhere) and its highly-educated workforce (half of Seattle’s workers are college educated, with 18 percent holding advanced degrees).
Moreover, there aren’t many large metro areas in the country where more people are moving in than moving out, but Seattle is one of them.
Seattle isn’t even the only Washington city in the top ten: Tacoma is ranked #10, and Olympia isn’t far behind at #16.
In sum, whether it’s the business and career climate or simply the coffee, beer, and wine, Seattle is becoming one of the nation’s most desirable places to live.