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real estate investment opportunity - "Lincoln: A Great Place to Relocate to"

By: Patricia Orrin

Despite the apparently isolated location of Lincoln, Nebraska, it is one of the most happening places. Away from the hectic activity and madding crowds on the east and west coasts, the city promises a bright future. It is certainly a place worth relocating to if that is on your agenda, simply because its economy and overall outlook appear strong for the coming decade.

By no means can Lincoln be deemed a large city. With a population of a mere 225,000, Lincoln combines the amenities of a large city with few of its attendant problems like escalating housing costs or high crime rates. Lincoln can be a great place to call home given its premium social services, its growing and diverse economy and a top notch education system including excellent options in secondary education.

The average income of someone working in the Lincoln area is 33,580 dollars per year. While only slightly above the national average, the figure appears to be more impressive when you factor in the relatively low cost of living for people living in the area. Lincoln is enjoying a period of economic growth and currently has a record number of people employed.

Unfortunately, the economic picture is not completely free from trouble spots. As far as manufacturing is concerned, the 2nd quarter of 2005 was the first quarter in 5 years that showed an increase in manufacturing jobs. Prior to the second quarter, the area had suffered from a continual, though manageable, drain upon its manufacturing base.

Compared to the national average, the city of Lincoln as well as the rest of Nebraska has a higher percentage of senior citizens (i.e. above the age of 65). This is no doubt responsible for the fact that 3 of the top 6 careers expected to grow the most in the coming five years belong to the health care sector.

Although a higher percentage of elderly residents will mean increased jobs in the health services industry, it also means a larger drain upon social services. Ultimately, this may lead to some funding and tax rate issues in the long term, but the short term prospects for anyone in the health services industry look quite good for people thinking of moving to Lincoln.

The Lincoln economy has also luckily escaped the impact of the drought conditions that continue to plague much of the state. Any losses due to the drought and crop loss have been more than offset by the surge in insurance and finance related positions in this area. So, unless you are planning on a job in the agriculture or manufacturing sectors, Lincoln promises a bright economic future. If you have the determination and drive, Lincoln will provide you with enough opportunities.

Before you decide to relocate to any area, you must carefully weigh the economic conditions of that place. Lincoln is certainly a great place to consider given its solid economic footing and bright future. Coupled with affordable housing, low crime rate and great educational infrastructure, Lincoln is no doubt a great place to call home.

Article Source: http://www.realestateinvestmentarticles.net

Patricia Orrin is the chief editor for F lincoln, a fantastic resource for information about lincoln. For questions or comments about this article why not visit: www.ftlincoln.com/articles
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