Best Places for Business and Careers 2019Best Places to Retire 2020
Des Moines, IA
Des Moines-West Des Moines, IA
Des Moines, IA
Des Moines-West Des Moines, IA
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gross metro product
$50B
population
655.4K
median household income
$70,718
median home price
$212,000
cost of living
7% below nat'l avg
college attainment
36.6%
net migration
1,480 (year: 2018)
unemployment
2.5%
major industries
Insurance, Health care, Agribusiness
job growth
1.6% (year: 2018)
As of October 2019
population
214.0K
median home price
$147,000
cost of living
81
As of August 2020
Des Moines is a major center for the insurance industry and maintains a sizable financial services and publishing business base. The city is the headquarters for the Principal Financial Group,�Meredith Corp., Ruan Transportation, EMC Insurance and Wellmark�Blue Cross Blue Shield. Home to the Iowa caucuses, Iowa's capital city is a significant spot for campaigning in U.S. presidential politics and elections. The city is also home to Drake University and Grand View University, while Simpson College, Upper Iowa University and
William Penn University also have satellite facilities within the area. Des Moines plays host to a growing number of nationally-acclaimed cultural events, including the annual Des Moines Arts Festival and the World Food Festival. There are a number of art centers, parks and historical sites and museums that continue to enrich the city's burgeoning cultural scene.
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Mid-west state capital city of 214,000 at intersection of two rivers. Median home price $147,000, 48% below national median. Cost of living 19% below national average. PROS: High number of doctors per capita. High rank on Milken Institute list of best places for successful aging. Good air quality. No state income tax on Social Security earnings or first $6,000 per tax filer of pension/IRA/401(k) income. Somewhat walkable, highly bikeable. Low climate-change risk. CONS: State inheritance tax. Serious crime rate above
national average. So-so climate. NOTED: Elevation 950 feet. New to list. TRIVIA: Earlier named Fort Raccoon after one of those rivers.
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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