![]() Unemployment has dropped from more than 14 percent in 2010 to 6.4 percent today, and the housing market is recovering nicely. Las Vegas was among the cities hardest hit during the recession, but slowly its economy is recovering. ![]() Overall ranking: 779 out of 1,500 points Environment for success: 263 out of 500 points Cost of doing business: 185 out of 400 points Quality of life: 118 out of 300 points Labor force: 152 out of 200 points Diversity: 60 out of 100 points 19. ![]() By 2021 the minimum for all employees will be $15 per hour. As of January 1, the minimum wage in Seattle went up from $10.50 to $13 per hour, depending on the number of employees a company has and whether workers receive tips. Still, the area has become a hotbed for start-ups of every stripe - from gaming and food delivery to health care - and in the last year, they've attracted more than $1.2 billion in venture funding. A three-bedroom house in the metro Seattle area now costs roughly $500,000, up 26 percent since 2010. According to the Council on Economic and Community Relations, Seattle is 24 percent more expensive than the average U.S. A young, vibrant population, a booming tech industry (Amazon and Microsoft call it home) and some of the most interesting restaurants, bars, shops and coffeehouses are among the reasons for the influx of folks.Īnd while that's good news for small businesses looking for a well-educated, plentiful workforce, it also means prices for nearly everything in Seattle have moved up as well. Seattle has been among the fastest-growing cities in the United States since 2010, and its population is expected to increase by an additional 200,000 over the next 20 years.
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