We have already covered recession proof jobs and recession proof demographics, but now you can find recession proof cities to live in. Forbes has compiled a listing of the top ten cities to weather out a recession in. The study looked at 50 different metro areas in the U.S. and based the ranking on many factors including unemployment data, non farm job growth and median home prices. Forbes didn't just look at static data to determine these top cities, they also looked at projections based on a November 2007 study regarding metro areas and the current economy adding more value to the list overall.
Just because these ten cities from San Jose to Raleigh are predicted to weather a recession well, doesn't mean you should call up U-Haul and plan you move just yet. If you are already settled down in a city with a job and your house isn't going into foreclosure anytime soon the move may be more trouble than it is worth. On the other hand if you are looking for a fresh start or you just graduated these cities might be the best places to focus your search for a slice of the American dream.
If we were going to pick up and head to any of these metro areas to get through the recession it would definitely be San Antonio. Not only is it a spectacular city, the housing market is doing well and it has good employment numbers. The biggest downside to picking up and moving to a recession proof city is that you will likely be paying more for a house in the strong local market and taking a hit trying to unload your current home in small-town USA.
Are you living in a recession proof city?