Review: “This set was pretty quick to throw together with an extra pair of hands. Everything came securely wrapped and well protected. Perfect budget friendly set!” – jrenken88
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Thanksgiving decor can look just as good outside the home as it can inside. From beautiful wreaths and garlands, to pumpkins and cozy lights, these festive decorations are all about making your home look and feel more cozy, special, and seasonal.
The beauty of outdoor Thanksgiving decor is that you can use a lot of the same items that you would use for outdoor fall decor and even outdoor Halloween decor, so many of these decoration ideas can be embraced from the beginning of fall all the way through to Thanksgiving – then it’s time to start getting creative with outdoor Christmas decor.
Spruce up your outside space with outdoor Thanksgiving decor
fall flower and foliage inspiration for your front door, or are looking to decorate with pumpkins on your front porch, our ideas can elegantly elevate your exterior so it’s beautifully in sync with the season.
1. Pumpkins
This seasonal squash is synonymous with fall, Halloween, and Thanksgiving decor, and is probably the most traditional and popular seasonal decoration of them all.
Whether you style your outside space with pumpkins freshly picked from a day out at the pumpkin farm, or opt for a more contemporary look with stylish faux pumpkins that can be used year after year, it doesn’t get easier than placing a pretty pumpkin by your front door.
Here, interior designer Shea McGee from Studio McGee has created a beautiful blend of traditional Thanksgiving decorations with more modern color palettes. The scattered pumpkins in a palette of pastel shades perfectly complement the planters and their home’s white exterior. Shea says of the design, ‘our wreath (currently sold out but our Oversized Fall Leaf Wreath can create a simple effect) is from our Target for Threshold line, we tied a pretty fall-hued ribbon around the top of it to add some more interest.’
For some further inspiration, take a look at Shea’s similar Halloween porch look below.
Faux Pumpkins & Gourds
Lit Woven Pumpkin
Full Moon Pumpkins (Set of 5)
Studio McGee, with her husband Syd in 2014. They later launched their e-commerce brand, McGee & Co, and starred in their very own Netflix show, Dream Home Makeover.
2. Wreaths and garlands
A traditional festive decoration that beautifully celebrates the colors of fall and seasonal plants and flowers, a wreath or garland can add wonderful texture, color, and shape to your outside space. Wreaths are perfect for sitting pretty on a front door, and garlands can be used to decorate door frames and porch railings.
Whether you fancy embracing a Thanksgiving craft and having a go at making your own Thanksgiving wreath from flowers, branches, and foliage gathered from your yard and garden, or opt for an artificial design (we love Balsam Hill’s Autumn Abundance collection) you can never go wrong with styling your outside space with stylish natural accents.
Autumn Abundance Foliage – Wreath
Autumn Abundance Foliage – Garland
Autumn Abundance Foliage – Swag
‘Or, for a more modern Thanksgiving decor idea, why not try styling your outside space with some pretty pampas grass? It’s one of my all-time favorites to style with, both indoors and outdoors, and can add a unique, neutral texture to your Thanksgiving decor.’ Pampas is perfect for using in a minimalist Thanksgiving scheme.
In this colorful outside space by @carlosriveracruet, the front porch area has been elegantly uplifted by pumpkins, a unique hanging foliage basket on the door (a great alternative to a wreath), and pretty pots filled with orange, yellow, and white flowers.
Outdoor Fortune lanterns from Pottery Barn are great for using all year round too, creating a wonderful seasonal scene that can look just as good at night as it can during the day.
Designer and landscaping expert Ward Dilmore also suggests, ‘as the sun sets, create a cozy and warm atmosphere with string lights. Hang them across your outdoor area or wrap them around porch railings. These lights not only provide illumination, but will add a magical touch to your Thanksgiving gathering.’ These Connectable String Lights from Balsam Hill are perfect – and they can be used for your outdoor Christmas lighting ideas too.
Liz Marie Galvan has created at her farm, featuring cushions, throws, and decorations from the Target x John Derian Thanksgiving collection.
Square Pillow Fall Pumpkin, 18″
Quilted Throw Blanket Fall Mums, 50″x70″
Assorted Fall Paper Decor Pack
Embracing festive window decor, similar to Halloween window decor ideas, can also help to elevate your outdoor Thanksgiving scheme. Hang wreaths and lights in the window or style a window ledge with a stack of pumpkins, perfect for creating a cozy seasonal display that can be appreciated both inside and outside of the home.
Source: homesandgardens.com
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Your new life in a Nashville suburb awaits.
Often celebrated for its rich musical legacy and legendary nightlife, Nashville is surrounded by suburbs that offer unique living experiences for every preference. From historical hotspots to serene lakeside communities, each suburb paints its own picture of life on the outskirts of the famed Music City.
As more people seek the perfect blend of urban conveniences and suburban tranquility, of rolling hills and bright lights, understanding what each of these locales brings to the table is key. In this article, we journey through some standout suburbs of Nashville, unraveling the distinct charm that makes each one a desirable place to call home near Music City.
- Population: 45,491
- Average age: 42.6
- Median household income: $165,948
- Average commute time: 25.1 minutes
- One-bedroom average rent: $2,162
- Two-bedroom average rent: $2,687
Brentwood stands out as one of the premier Nashville suburbs. Located just south of the city, Brentwood offers the ideal balance between the excitement of Nashville and the tranquility of suburban living. Families are particularly drawn to the area for its commitment to education, as the local schools consistently rank among the top in the state. The town’s spacious parks, including Marcella Vivrette Smith Park and Crockett Park, provide residents with more than enough opportunities for outdoor recreation and relaxation under the shining Nashville sun.
Three great apartment complexes in Brentwood
Adding to Brentwood’s appeal is its rich history, which dates back to the late 1700s. The well-preserved homes dotting the landscape serve as reminders of the area’s storied past, while the modern shopping centers and restaurants cater to contemporary tastes.
- Population: 85,469
- Average age: 37.5
- Median household income: $102,721
- Average commute time: 24.2 minutes
- One-bedroom average rent: $1,829
- Two-bedroom average rent: $2,477
Among the Nashville suburbs, Franklin shines. Established in 1799, this picturesque town has beautifully maintained its historic downtown, where brick-lined streets lead to independent boutiques, coffee shops and antique stores. The town’s Main Street is a hub of activity, with frequent festivals, parades and events that bring the community together.
Three great apartment complexes in Franklin
On the flip side, Franklin isn’t just about reliving history; it’s also forward-looking. This Nashville suburb on the gorgeous Harpeth River has a thriving business district that offers ample employment opportunities. As connectivity is essential, Franklin’s proximity to Nashville ensures residents can enjoy big-city amenities while residing in a town with a close-knit community feel.
- Population: 62,257
- Average age: 40.1
- Median household income: $75,146
- Average commute time: 27.6 minutes
- One-bedroom average rent: $2,243
- Two-bedroom average rent: $1,624
Situated along the scenic shores of Old Hickory Lake and the Cumberland River, Hendersonville is one of the most attractive Nashville suburbs there is. Its lakeside setting not only offers breathtaking views but also a range of water-based activities. Residents enjoy fishing, boating and picnicking along the water’s edge, granting them a lifestyle that seamlessly combines the leisure of lake living with the convenience of the suburbs. Additionally, the town’s extensive park system, including the popular Drakes Creek Park, further enhances the opportunities to get outside.
Three great apartment complexes near Hendersonville
Beyond its natural beauty, Hendersonville is a hub of growth and development. With a wide range of housing options, from charming single-family homes to modern apartments, Hendersonville caters to a broad demographic. And with Nashville just a short drive away, the allure of city life remains within reach.
- Population: 40,766
- Average age: 38.5
- Median household income: $98,628
- Average commute time: 30.6 minutes
- One-bedroom average rent: $1,624
- Two-bedroom average rent: $1,949
Often referred to as the “Gateway to the Appalachians”, Mount Juliet holds a distinct position among Nashville suburbs. Its rapid growth in recent years can be attributed to a combination of factors. For starters, the suburb has seen significant commercial development, making it a hub for shopping and dining. You also can’t mention Mount Juliet without noting the impressive Providence Marketplace, a central destination for locals and visitors.
Three great apartment complexes in Mount Juliet
Yet, it’s not just about attractions. Mount Juliet balances its bustling commercial centers with serene landscapes and open green areas. Percy Priest Lake is a prime spot for fishing, boating and kicking back for a bit. The suburb also places a strong emphasis on community engagement, often organizing events and festivals that foster a sense of belonging for all.
- Population: 55,518
- Average age: 33.8
- Median household income: $70,879
- Average commute time: 27.3 minutes
- One-bedroom average rent: $1,387
- Two-bedroom average rent: $1,480
Smyrna’s history is deeply tied to aviation, with the Smyrna Airport playing a pivotal role during World War II. Today, the suburb continues to honor its heritage through the Tennessee Museum of Aviation, showcasing a vintage aircraft collection. This connection to aviation also paved the way for modern industrial growth, attracting several businesses and providing ample employment opportunities for its residents.
Three great apartment complexes in Smyrna
Smyrna is dotted with lush parks, green spaces and walking trails, most notably the Greenway System, where residents can enjoy the great outdoors and the true beauty of the surrounding nature. Additionally, Smyrna places a strong focus on education and community involvement, with schools that are dedicated to academic excellence and numerous community events held throughout the year.
- Population: 157,519
- Average age: 30.6
- Median household income: $66,984
- Average commute time: 19.2 minutes
- One-bedroom average rent: $1,404
- Two-bedroom average rent: $1,677
Standing proud as one of the most dynamic Nashville suburbs, Murfreesboro seamlessly merges history with the modern day. As the site of the significant Civil War battle, the Stones River National Battlefield serves as a testament to the town’s deep historical roots, attracting residents and tourists interested in the nation’s past.
Yet, while history is a cornerstone of its identity, Murfreesboro is equally recognized for its forward momentum. Home to Middle Tennessee State University, the town is infused with youthful energy, especially on Saturdays during football games.
Three great apartment complexes in Murfreesboro
Murfreesboro has a range of amenities that cater to a diverse population. The Avenue Murfreesboro, for instance, provides a shopping and dining experience that rivals any urban center. Green spaces, like Cannonsburgh Village, offer a glimpse into the pioneer times of Tennessee and so much more.
- Population: 46,902
- Average age: 38.4
- Median household income: $62,881
- Average commute time: 26.4 minutes
- One-bedroom average rent: $1,405
- Two-bedroom average rent: $1,699
Positioned along the northeastern edge of the greater Nashville suburbs, Gallatin provides a blend of scenic beauty and community spirit. Residents frequently indulge in boating, fishing and picnicking by Old Hickory Lake. Furthermore, the town’s green spaces, like Lock 4 Park and Triple Creek Park, provide additional avenues for outdoor adventures, bringing residents closer to nature whenever they please.
Three great apartment complexes in Gallatin
While nature’s beauty is undeniable in Gallatin, it’s the town’s commitment to growth and community that truly sets it apart. This Nashville suburb has invested heavily in infrastructure, education and local businesses, ensuring that its inhabitants have access to top-tier facilities and opportunities. Regular events, from farmers markets to music festivals, enhance the sense of community, encouraging residents to engage with neighbors and celebrate their shared home.
- Population: 38,557
- Average age: 36.3
- Median household income: $66,793
- Average commute time: 28.1 minutes
- One-bedroom average rent: $1,249
- Two-bedroom average rent: $1,553
Named after the historic home of President Andrew Jackson, Hermitage holds a distinguished place among Nashville suburbs. The area is steeped in history, and The Hermitage estate itself stands as a monumental tribute. This rich historical background provides the community with a unique identity, blending the tales of yesteryears with the rhythm of contemporary suburban life.
Three great apartment complexes in Hermitage
Beyond its historical significance, Hermitage provides a range of modern amenities and conveniences. With a smattering of shopping centers, restaurants and rec facilities, the needs of Hermitage residents are well-catered for. Proximity to the heart of Nashville means that the pulse of the city is never far away, while the serene landscapes of places like Percy Priest Lake provide a tranquil escape.
- Population: 53,339
- Average age: 34.4
- Median household income: $92,779
- Average commute time: 32.3 minutes
- One-bedroom average rent: $1,290
- Two-bedroom average rent: $1,560
Spring Hill, with its strategic location straddling Williamson and Maury counties, has emerged as a notable contender among Nashville suburbs. Though very rural in the past, Spring Hill has evolved considerably over the years, witnessing substantial growth and development, making it an attractive option for families and professionals alike.
Three great apartment complexes in Spring Hill
Spring Hill offers a variety of housing options, from traditional homes to contemporary townhouses, catering to a broad spectrum of preferences. The local economy has also seen a boost with the presence of major corporations, providing plenty of employment opportunities. Moreover, the suburb is replete with parks, shopping centers and restaurants, ensuring residents have access to everything they need right there in town.
- Population: 39,091
- Average age: 32.0
- Median household income: $67,102
- Average commute time: 32.5 minutes
- One-bedroom average rent: $1,477
- Two-bedroom average rent: $1,359
Sitting comfortably on the southeastern edge of the Nashville suburbs, La Vergne offers its residents an appealing blend of affordability and accessibility. Being strategically located near key highways, it provides smooth connectivity to the heart of Nashville, making daily commutes and weekend trips convenient. This proximity to the city, coupled with its relatively more economical housing market, has made La Vergne an appealing choice for many first-time homeowners and those seeking value without compromising on location.
Three great apartment complexes near La Vergne
The serene waters of Percy Priest Lake are just a stone’s throw away. The town also places emphasis on community engagement, frequently organizing events that foster unity and neighborhood bonding. As safety and community spirit remain at its core, La Vergne continues to rise in popularity, solidifying its reputation as a valued member of the Nashville suburbs.
Your new apartment in the Nashville suburbs awaits
While Nashville continues to resonate as the heart of music and culture in Tennessee, its surrounding suburbs offer diverse lifestyles, each with its own set of attractions and comforts. Whether one is seeking a deep dive into history, a lakeside retreat, bustling commercial hubs or tight-knit community vibes, the Nashville suburbs have something to cater to every aspiration.
Choosing to live in any of these suburbs means embracing a unique blend of the serene and the dynamic, all within arm’s reach of everything Nashville has to offer. When you’re ready to find the perfect apartment in one of Nashville’s best suburbs, you know where to start your search.
Source: rent.com
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Sustainability has been a buzz word in the home décor industry for years, but the types of eco-friendly practices and products that consumers gravitate towards change often. According to a 2023 study by NielsenIQ, 78 percent of U.S. consumers say that a sustainable lifestyle is important to them, and in a survey from digital supply chain company Blue Yonder, 69 percent of respondents said they would pay more for sustainable products. But, even though they are seeking out those sustainable products and brands, after so many years of pursuing “greener pastures” consumers have wised up to many of the greenwashing practices that have permeated the industry and marketing tactics.
Now, customers are doing their research before they align their dollars with sustainable and eco-friendly brands and products, and that means retailers need to do the same in 2024.
Authenticity First
Before carrying any eco-friendly products and brands, retailers should invest time into researching them just like their customers. Terms like green, eco-friendly, all-natural, earth-friendly, plant derived, organic — but not organic certified — and non-toxic can be used by manufacturers without meeting any legally required testing or standards.
Retailers should look for third-party certifications — examples include Fair Trade certified, Environmental Working Group Verified, B-Corp, Made Safe and Cradle to Cradle certifications— to be sure they are picking vetted products that meet basic industry standards for those labels. Transparency also goes along way when vetting new products and brands. Consumers gravitate towards brands that feel like they have nothing to hide, so brands that are willing to share their sustainability goals, production processes, and waste and recycling statistics, will continue to resonate with them in 2024.
Material World
Following the rise of biophilic design — or design trends that prioritize connections with nature — green home décor trends in 2024 will be founded on their materials. Sustainable natural materials like bamboo, cork, coconut, straw, cob and natural fabrics like hemp, wool and jute will be more popular because of their renewability, natural origins and — in some cases —recyclability over materials like resin and synthetic fibers. Real woods and stones will be less popular in this category because they are perceived as less renewable and/or recyclable. Carrying products made with recycled metals, plastics and other materials will be key in attracting eco-conscious consumers who want the look of synthetic materials like plastic. Repurposed objects — think newspapers, license plates, fabric scraps, discarded books, and deadstock wallpaper, carpeting, paint and fabric — will also make a big impact.
See Also From GDA:
Source: giftsanddec.com
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Looking to turn your home into a cozy and stylish haven? We’ve got a delightful surprise for you! Prepare to be amazed as we unveil a curated collection of 30 home decor treasures that will elevate your space. From incredibly lifelike artificial plants that bring nature indoors with zero maintenance, to luxurious blankets that add a touch of elegance to your living room, and oh-so-comfortable chairs that beckon you to relax after a long day—this incredible assortment is like investing in a beautiful and comfortable future. With these unique finds from Amazon, you can create an inviting atmosphere that will make your guests wonder how you managed to find such amazing pieces.
Review: “I did not expect the sturdiness that this stand has. It is absolutely beautiful once it’s finished. The wood is thick, there’s nothing flimsy on this thing. The actual fireplace has kept my living room toasty. And this weekend our heat just isn’t keeping up, so I’m so glad it came when it did. We’ve kept the heat on for the whole day and all night before heading to bed and it seems like this thing is quality. The shelves are so deep, I can fit multiple game units and our surround sound w out it looking cluttered. And of course my 4 year old enjoys the different color light show lol. Honestly it upgraded our living room. The tv shown is a 65”, and there’s a lot more space around it and in front of it. Our old stand was half the size holding this tv so really this is an amazing upgrade for us. I’m really in love w the quality and how modern this is. Probably the best thing I’ve bought on amazon. Now my only con. Took me forever to put it together… I had a 4 year old distracting me tho. But there’s ALOT of boxes within boxes and ALOT of styrofoam. I mean a lot lol. So be ready to have a major clean up. Otherwise I would totally recommend this stand. Absolutely gorgeous” – Jujubean
Review: “This is a beautiful bust. I have been buying a lot of things to decorate my Latin classroom with and, normally, when the items are this intricate, they are also small, but this busy is both intricately detailed and large. It was actually quite a bit bigger than I expected, but fits beautifully with the rest of my classroom decor. This is, perhaps, the center piece of my classroom.” – Tad
Review: “Ordered it after looking at many more expensive options in the furniture stores, ready to return it if we felt it was lower quality and cheap looking. Arrived today and after a simple assembly we feel it is perfect…very elegant and very sturdy. Replaced the supplied bulb with a smart led and we can now control brightness and color with voice commands. A+” – Flamethrower
Review: “These shelves were perfect for my accent wall in my dining room. They are super easy to hang. I was able to hit the studs for both hooks because they placed them in the right location on the shelf. They are truly authentic with nail holes and even a nail. So cool. 7” is plenty of depth to put accessories on. Worth the money.” – K.Ryan
Review: “This lamp was a great complementary piece for our boho style living room. The natural shade added the perfect touch. It fit well next to our sofa . Great looking lamp for an affordable price . Totally on trend . Good vibe . ” – Amazon Customer
Review: “This was a great buy. Just what I had been looking for, it’s very sturdy with a slight bit of weight but, not heavy by no means to handle. I’m glad I got it. You won’t be disappointed. The seller definitely did an awesome job on this one and it was packaged very very well and delivered with care. Now to decide where to put put because I want to hang it up on my wall.” – BB
Review: “I have bought so many things on Amazon and I do get let down often. This tree exceeded anything I thought I would be getting. The details are perfection. The material is perfection. It came in perfect condition. I simply took it out of the box and placed it in the planter I bought for it then fluffed out the leaves. It was so easy to do by myself. The leaves look so green and real like trees I’m used to in Florida but they don’t grow where I live now. Plus it smelled good. Not like a perfume or anything just clean. – Ciscojrmpswife
Review: “I am shocked by the value and quality! The Amethyst has a rich purple color and is more than a value, more than! I highly reccomend it!” – Odalisque
Review: “This rug is perfect for my closet. Stylish, cozy and soft on bare feet yet thin enough for my chair to roll over. Does not slide or shed (as stated in other reviews) and vacuums up well. Have not washed it yet but definitely a great buy!” – Tina
Review: “I wanted something to accompany the 50th Wedding Anniversary Card that I got for my wife. There would be plenty of real flowers, a family celebration and many gifts. I wanted something simple yet permanent that would stand out in our already filled China Cabinet. This is perfect. It doesn’t take much space. It is very well done, solid yet delicate. Attractive well made box for storage if need be. It will soon be added to our life-long precious collectibles and will hold its own.” – WallyH
Review: “I ordered this rug in the Grey/Brown color option. It is perfect for tying my brown wood furniture and dark grey floors together. It is also a great color/pattern combo for hiding any little spills my toddler or dog might have. The thickness is enough that it is comfortable and padded underfoot, but not thick enough for a lot of crumbs, dirt, hair, etc. to get stuck in the fibers. It definitely can be vacuumed easily. Overall I am very happy with this purchase and buy this rug again for other rooms! The picture shows the rug right out of the bag, so the side is still a little curled. After an hour or so it is already flattening out.” – Scott Hammock
Review: “Loved that they came in a set, so you know they’re going to be identical. Wonderful size. Tall. Perfect. Note. In order to get the leaves to look like the ad picture: when installing, the leaves are in various sizes and you can put them wherever you’d like. Smaller on the bottom, larger on top, works best. Alternating colors. Initially, they stick straight up. To get the curved look, roll the “leaves” by hand. Do not try to bend the wire between the leaf and the stem. They really do look quite real” – Good
Review: “I love this screen. We placed it on our deck for a privacy screen and love it. It is a very versatile screen and I have used it in several places in the house as well. It looks great on the deck as you can see. I ordered 30″ zip ties when I ordered the screen and have used the zip ties to gently secure the screen to the deck posts for windy days. I want to order another!” – Buckleysangel
Review: “I had a great TV stand that I really liked because it was open. I decided to order this one because the top was going to raise the height of the tv. At the last minute I decided NOT to add the back & the doors so that it would be exactly like the previous one, so I wanted a buyer to know you can leave off the back & doors if you choose & it looks great. When I get bored I change things often, so if I decide to add the back & doors it will be like a different piece of furniture. I am so pleased with this purchase.” – Robinette Fields
Review: “I was very apprehensive because it was only a two ounce candle pretty small but wow it’s mighty. I understand the price now. I’m going to say buying the 8oz version is going to be totally worth it because this candle lasts a while and you don’t need to leave it on for long and the smell will Permeate the entire area and it’s very strong. I would also say this is a great gift for anyone and especially for a masculine man.” – That One Girl
Review: “The quality of these shelves is awesome. And, they are so easy to put together! I chose to get the adjustable option so I could customize my shelves. I chose to leave one shelf out to have a bit more room. And, the price point is right in line with the quality in my opinion.” – Heather Lowery
Review: “Very realistic. Soft. Very lux looking. True to color. Great size for the sofa. I have yet to clean this but my hunch would be to avoid tumble drying. I purchased primarily for the look. Not to actually use as a blanket. So far no shedding. I’m in love with this throw. Excellent accessory to mark the cold season. BUY IT! – Markita
Review: “These three coffee tables are so beautiful and came in much larger than I expected. It really fits in a large living room. The install was straightforward but due to the arch we had to spend sometime lining the holes up. I love these coffee tables in the living room!” – Janice
Review: “Got two of these for dorm room and was pleasantly surprised by the weightiness of the mirrors. It is a solid, sturdy piece and I feel confident it will still be standing at the end of this school year. They look great in the room!!” – Kat
Review: “I bought the 30” and 40” bottle to fill in space next to my entertainment center in the living room. I was pleasantly surprised when they arrived. They were very well packed and when I unpacked them , they were very sturdy and heavy. I loved the look of the recycled glass. – Terry A Stiles
Source: boredpanda.com
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The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.
By 2028, women are projected to own 75 percent of discretionary spending in the United States. [Nielsen]
Considering women make up 51 percent of the U.S. population, female consumer trends have a strong influence on the economy. Collectively they make up a sizable growth market that can’t be ignored.
Women are increasingly invested in the quality of the items they buy and how well they fit their lifestyle. Since they’re more likely to shoulder the responsibility for things like household purchases, grocery shopping and meal preparation, convenience is a high priority in women’s spending habits and something they seek out in their everyday lives.
Businesses that fail to understand the unique characteristics of female consumers are ultimately losing out on a valuable market. Greater effort will be required to keep up with the evolving consumer landscape that is driven largely by women. By analyzing the statistics associated with women’s spending habits, we can gain insight into their preferences, values and thought processes when it comes to what and how they buy. Read on to learn more.
Note: We reference the most updated data available, but sometimes that information is from several years ago—check each individual source for specifics.
Table of contents:
An overview of female consumer trends
The impact of female consumerism in the U.S. is hard to understate, as they make the majority of all consumer purchases. This could be attributed to the fact that women often buy not only for themselves but also for their families and children.
With women leading the majority of household purchases, retailers could benefit from focusing on how they can best serve the vast number of female consumers who stimulate their sales year after year.
- By 2028, women are projected to own 75 percent of discretionary spending in the United States. [Source: Nielsen]
- Women make 91 percent of new home purchases. [Source: Girlpower Marketing]
- An average of 89 percent of women across the world reported controlling or sharing daily shopping needs, household chores and food prep compared to an average of approximately 41 percent of men. [Source: Nielsen]
- Women are the primary purchasers of everyday household items. [Source: Nielsen]
- 61 percent of women in the U.S. believe that they are worse off or about the same compared with five years ago when it comes to finances. [Source: Nielsen]
- 67 percent of women in 2019 were employed for pay. [Source: Civic Science]
Men’s vs. women’s spending habits
There are often notable differences between the minds of men and women, including what motivates them when it comes to their spending habits. While neither gender can be placed in a box and a broad range of characteristics exist for each, there are general patterns that can shed light on their financial lives and choices.
The answer to the question “Do women shop more than men?” is a bit complex. Women are often far more selective in their purchases than men and are willing to spend the time necessary to find products that fit their needs and requirements. While men are usually more straightforward and goal-oriented in their shopping, women are more detail-oriented, paying attention to the quality of an item before purchasing. The majority of men prefer to get in and get out of a store as quickly as possible, while women generally enjoy the shopping process as a whole.
Female buying behaviors indicate that they want a risk-free and convenient shopping experience, which goes hand in hand with their desire for their purchases to enhance their lifestyles. They frequently prioritize ensuring that their purchases check every box and fulfill their needs, and usually spend more time than men making sure of this before spending any money.
- 43 percent of women and 52 percent of men prefer making technology purchases online. [Source: First Insight]
- 74 percent of women report finding items on sale matters to them in their purchasing habits, compared to just 57 percent of men. [Source: Belvg]
- 34 percent of women report caring about applying coupons and promotions to their purchases, compared to 26 percent of men. [Source: Belvg]
- 14 percent of women are inclined to study promotional emails, compared to only 8 percent of men. [Source: Belvg]
- 58 percent of women report checking products and prices on Amazon.com before looking elsewhere, compared to 64 percent of men. [Source: First Insight]
- 42 percent of women are encouraged to buy online if free delivery is included, as opposed to 35 percent of men. [Source: Nielsen]
- 91 percent of women buy food and groceries in-store, compared to 86 percent of men who do the same. [Source: First Insight]
- Women are 48 percent more likely to use reusable shopping bags than men. [Source: Civic Science]
- 30 percent of women are encouraged to shop online if they receive text or email updates on product availability, as opposed to 27 percent of men. [Source: Nielsen]
- 42 percent of women are encouraged to buy online when the purchase includes a money-back guarantee, as opposed to 31 percent of men. [Source: Nielsen]
- 67 percent of women examine food labels to determine if a product is healthy, while only 48 percent of men do the same. [Source: Nielsen]
- Women are 13 percent more likely than men to deem a product premium based on whether it contains high-quality ingredients. [Source: Nielsen]
- Slightly more women than men prefer to shop online at 72 percent, compared to 68 percent of men. [Source: Belvg]
Online vs. in-store shopping habits
While the digital shopping landscape continues to grow more robust and popular with each passing year, women are still making more in-store purchases than they are online. However, even though women consumers are more inclined to spend more in-store, they aren’t as inclined to visit a store in person unless they have a specific purchase in mind. Retailers can capture this opportunity by making sure they’re offering the exact products women are specifically searching for when they visit a store.
- 72 percent of women shop online. [Source: OptinMonster]
- When shopping online, 77 percent of women say they add extra items to their carts that they didn’t originally intend to purchase. [Source: First Insight]
- Adding extra unplanned items to their cart is more common among in-store shoppers, with 89 percent of women saying they sometimes or always do so when shopping in person. [Source: First Insight]
- 69 percent of women choose in-store shopping when they need something specific. [Source: First Insight]
- 56 percent of women choose online shopping when they have a specific need for something. [Source: First Insight]
- 70 percent of women usually spend $50 or more when shopping in-store, compared to only 49 percent who spend more than $50 when shopping online. [Source: First Insight]
- 33 percent of women spend over $100 during an average in-store shopping trip, while only 17 percent say they spend over $100 when shopping online. [Source: First Insight]
- 91 percent of women buy food and groceries in-store. [Source: First Insight]
- 47 percent of women shop on eBay, and 80 percent of women use Etsy. [Source: RepricerExpress]
- 46 percent of women shop for clothing and sporting goods online. [Source: Belvg]
- 25 percent of women purchase books, magazines and learning materials online. [Source: Belvg]
- 10 percent of women buy medicine online. [Source: Belvg]
- 35 percent of women spend on travel and holiday accommodations online. [Source: Belvg]
- 30 percent of women purchase household items online. [Source: Belvg]
- 26 percent of women purchase event tickets online. [Source: Belvg]
- 16 percent of women buy music or movies online. [Source: Belvg]
What consumer goods are women buying?
With data pointing to women as most often responsible for the majority of grocery shopping and meal preparation, the food industry represents a significant opportunity for companies to find ways to connect with their female consumers.
Women also spend significant amounts on beauty products, clothes and travel. With clothing ranking as a top spending category among women, the continued evolution of the retail world represents a chance to lean further into the habits of women consumers.
Beauty and skin care spending
Women have historically spent a considerable amount on personal care, cosmetics and skin care, and it’s no different today. While makeup and beauty products aren’t a part of every woman’s routine, almost everyone uses some type of skin care product—even if it’s just sunscreen or hand lotion. This sheds some light on the astonishing size and increasing growth of the skin care market, particularly among women.
While older consumers used to lead the demand for products in these industries, an increasing number of younger women now play a significant part. This could explain the shift in the market, indicating women’s increasing desire for more natural and organic products, which continues to go up as consumers become more knowledgeable about toxic ingredients in their products and factors like sun damage. Cosmetics and skin care brands that recognize these emerging values among their consumers will outgrow those that don’t.
- The global skin care industry is estimated to reach $189.3 billion in the U.S. by 2025. [Source: Statista]
- Natural cosmetics had a global market value of $34.5 billion in 2018, and are expected to increase in value to $54.5 billion by 2027. [Source: Statista]
- Women who spend money on their appearance will spend roughly $225,360 in a lifetime. [Source: OnePoll]
- When it comes to beauty-based purchases, women spend the most on facials, haircuts, makeup, manicures and pedicures. [Source: OnePoll]
- Women spend $91 a month on facial products. [Source: OnePoll]
- The fragrance industry will reach an estimated $91.17 billion globally by 2025. [Source: Health Careers]
- Women in their 30s buy more anti-aging products than women between the ages of 40 and 60. [Source: OnePoll]
- Women in their 20s make more makeup purchases than any other age group. [Source: OnePoll]
Household and grocery spending
Data shows that women do the majority of household spending, grocery shopping and meal preparation. With women generally spending more time on household duties than men, it’s no surprise that much of their spending is allocated to these categories.
- Women are twice as likely to take charge of household grocery shopping than men. [Source: Civic Science]
- 80 percent of women who have children and live with a spouse or partner say they are typically in charge of meal prep. [Source: Pew Research]
- 75 percent of women without children who live with a spouse or partner say they are typically in charge of meal prep. [Source: Pew Research]
- 80 percent of women who have children and live with a spouse or partner say they are typically the grocery shopper. [Source: Pew Research]
- 68 percent of women without children who live with a spouse or partner say they are typically the grocery shopper. [Source: Pew Research]
- Women spend more money per grocery shopping trip than men, averaging $44.43 per trip. [Source: Nielsen]
Clothing spending
Clothes have always been a large category of spend among women. The market value for women’s retail is expected to rise to around $394 billion by 2025, and retailers are becoming more aware of what women want in their clothing. They value versatility and functionality without sacrificing function and utilize their fashion choices as a source of empowerment and confidence.
Growth in the retail industry among women could be due to the fact that economically empowered female consumers who maintain the majority of control of spending in American homes have more purchasing power, much of which continues to be allocated toward clothes.
Digital trends are also impacting women’s shopping habits, and almost three-quarters of women now shop online. Women are increasingly utilizing social media platforms for fashion discovery, product inspiration and finding authentic reviews from their peers online.
- On average, the clothes in a woman’s wardrobe equal between $1,000 and $2,500. [Source: CreditDonkey]
- 9 percent of women have over $10,000 worth of clothing in their closet. [Source: CreditDonkey]
- 32 percent of women in the U.S. own over 25 pairs of shoes. [Source: CreditDonkey]
- Over half of women estimate that 25 percent of their wardrobe goes unworn. [Source: CreditDonkey]
- Every three months, 73 percent of women refresh one quarter of their closet. [Source: CreditDonkey]
- Around 15 percent of women don’t have clothes older than five years old in their closet. [Source: CreditDonkey]
- Women who are 16 and older spend an average of 76 percent more on clothing than men every year. [Source: CreditDonkey]
- Women between the ages of 45 and 54 spend $793 per year on clothing, the highest spent of any age group. [Source: CreditDonkey]
- 75 percent of women over 18 would choose Target for undergarments over Victoria’s Secret. [Source: Civic Science]
Women’s purchasing values
Diversity and inclusion factors have a larger impact than ever on women’s shopping decisions and expectations. With diversity and inclusivity growing increasingly important in the world of retail and beyond, women consumers expect brands to evolve with the cultures they serve. Among women today there is more scrutiny of brands’ and retailers’ values, hiring practices, product-to-market placements and ability to truly listen to their customers.
Women, like all people, are driven by their values and habits, so understanding what’s important to them, what their day-to-day lives look like and what makes them unique is crucial in fostering a true connection that might influence purchasing behavior.
- About half of women in the U.S. believe that having minority-held leadership positions is important and believe that retailers would benefit from hiring Chief Diversity Officer positions. [Source: First Insight]
- 45 percent of women say cultural inclusivity in brands is important. [Source: First Insight]
- 44 percent of women believe it’s important for influencers to represent diverse points of view. [Source: First Insight]
- 67 percent of women say that inclusivity in extended sizing is the top diversity factor to consider. [Source: First Insight]
- 55 percent of women in the U.S. say they would temporarily stop shopping at a brand or retailer who released an offensive product. [Source: First Insight]
- 71 percent of women believe brands and retailers should make it at least six months without any offensive items released before they would feel comfortable purchasing from them again. [Source: First Insight]
Opportunities for financial success
Women who are active in their own financial planning are less stressed on average than those who avoid it. There are many ways to prioritize financial success such as committing to your retirement savings, learning investment strategies and managing your personal credit and debt.
Managing credit card debt or poor credit is an important starting point on the road to financial success. Taking responsibility for debt or bad credit will help you secure a more prosperous financial future, and utilizing the help of a credit repair team could help you manage the process. If you are a woman moving toward financial independence, know that it’s never too late to take steps toward a brighter financial future.
Note: Articles have only been reviewed by the indicated attorney, not written by them. The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, reviewers, contributors, contributing firms, or their respective agents or employers.
Source: lexingtonlaw.com
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In the U.S., apartments are getting smaller and smaller, meaning you might need to downsize your new home. On average, studio rentals are about 530 square feet. Efficiency apartments sit on the smaller side of this spectrum.
Shrinking apartments are likely the result of rising costs per square foot for rentals, but we’re learning to adjust. Many now look for smaller apartments on purpose, ready to give up having a separate bedroom for the benefits of living a little smaller.
While many begin their petite apartment hunt looking for a studio, it’s best to not discount an efficiency apartment. Efficiencies are like studios, but not exactly the same. However, they may be the perfect choice for your budget. Here’s what you need to know about renting an efficiency.
What is an efficiency apartment?
An efficiency apartment consists of only two separate spaces. Efficiencies combine all your traditional living spaces, except for the bathroom, into one room. Your bedroom, living room and kitchen won’t have built-in partitions.
The only doors in an efficiency apartment are the one leading into your bathroom and the one going out of the unit completely. There are many benefits of an efficiency apartment:
Tiny but mighty
Yes, they’re small and compact, but they don’t have to lack luxury. For too long, people associated small apartment size with a living space that felt cheap or poorly maintained. Actually, efficiency apartments vary in quality like any other apartment size.
It’s more about how much you pay in rent that determines how nice a place is, not the number of square feet. In some cases, you can even get more amenities by renting an efficiency in a nicer building instead of a larger apartment somewhere else.
Easy to clean
Another perk of the size of an efficiency is how easy it is to clean. With minimal square footage and only one bathroom, you can have your apartment sparkling in no time. A pack of disinfectant wipes and a broom may even be enough to do the trick, allowing you to keep valuable storage space open for things other than cleaning supplies.
Budget-friendly
Efficiency apartments are also your most budget-friendly option, in more ways than one. They’ll cost you less, on average, in rent than any other sized apartment, but that’s not all.
Having a smaller apartment means lower utility bills. You’ll have fewer rooms to light, heat and cool. Living alone means you’ll use less water, too. On average, the price of utilities in an efficiency is between $100-$150 per month. You could pay that much heating a one-bedroom apartment in the dead of winter alone, not to mention the cost of your other utilities.
Living in an efficiency apartment can allow you to cut a little bit from all your monthly bills. This can add up to some significant savings over the course of a year.
Going solo
Because of the size and layout of an efficiency apartment, you’ll most likely be living alone. There’s really no way to accommodate a roommate. You could share with a significant other, but understand that you’ll have no personal space.
Efficiencies might even feel too cramped to share with a pet. When looking for an efficiency, it’s best to fly solo.
What do efficiency apartments look like?
While the specifics will vary, efficiency apartments look like one big room and a bathroom. The kitchen is often along a wall, galley-style to stay out of the way. You may or may not get a closet, but it’s up to you to create natural divisions in the space with your interior design.
Source: Rent./Post Centennial Park
Living with a kitchenette
In addition to cramming everything but the bathroom into a single room, you may lose a little when it comes to your kitchen. Efficiency apartments may have a kitchenette, instead. By definition, this is a smaller version of a kitchen.
You may not get a full-sized fridge, and don’t expect a dishwasher. With limited space, you can lose a few appliances common in bigger apartments. However, hand-washing dishes for one isn’t a big job, and portable dishwashers do exist.
What’s the difference between a studio and an efficiency?
There’s really not a square footage difference between a studio and an efficiency apartment. It’s all about the layout when differentiating. You’ll know right when you walk into a prospective apartment whether it’s a studio or not.
“Whether you prefer to call it a studio or efficiency apartment,” writes Devon Thorsby from U.S. News & World Report, “stay focused on the specifics of the space as you shop for apartments to ensure your definition of the word matches up with the leasing agent’s.”
Even if your definitions don’t agree, if you find everything but the bathroom in a single room, you’re in an efficiency. Studios have more separation. You might not have doors on everything, but you’ll see a natural division in spaces. Your kitchen won’t be in your living room. You may even have a nook to serve as a bedroom.
Where can I find an efficiency apartment?
You’ll find efficiencies primarily in cities where apartments tend to be smaller. New York and San Francisco are prime examples, but availability isn’t limited to those densely populated spots.
If you value location over size, an efficiency apartment in your ideal part of town is a worthy tradeoff. Why move into a large apartment in an outlying neighborhood if you don’t have to? You can spare yourself a long commute, and the sense of feeling distanced from where all the action is, by cutting back on your square footage requirements.
Efficiency listings should pop up in apartment buildings all over, whether you’re looking downtown or in the suburbs. Look for newer construction if you’re having trouble finding units for rent.
Find efficiency apartments today!
Apartment complexes everywhere are acknowledging the benefits of efficiency apartments. Not only are they smaller so more fit into a single building, but they’re attractive to renters looking for affordable options. See if there are any available units where you live.
Source: rent.com
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Young professionals are becoming a major part of the workforce. Ranging in age from early-20s to mid-30s, young professionals are typically classified as working in a professional or white-collar field. However, as new careers emerge, the very definition and work of a young professional are changing and evolving on a daily basis.
It’s an exciting time for a young person in the workforce, with plenty of innovative opportunities, new directions and forward-thinking workplaces. To start their work lives off on the right foot, young professionals want to situate themselves in a good city with ample work opportunities in various fields.
But it’s not all about work. Young people want to have fun, as well! That’s why it’s imperative that a city wanting to cater to young professionals has a happening social scene. This can include everything from great restaurants to sports, live music and entertainment. A vibrant cultural scene gives young professionals a chance to let their hair down after work and connect with others in their community.
From a thriving jobs market to great after-work hours fun, these are the best cities for young professionals.
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These are the 10 best cities for young professionals
To be a good place for young professionals, a city needs to have a diverse job market. But it isn’t enough to have plenty of companies and job openings. You need chances for advancement within fields and companies. Plus, you need plenty of fun things to do outside of work that appeal to a hip, youthful crowd. These 10 cities rank highest as the best cities for young professionals in America.
10. Boston, MA
Massachusetts’ capital city is one of the best cities on the East Coast for young people to live and work. With thriving industries in IT, tech, finance, insurance and healthcare, young professionals working or hoping to work in these fields have tons of options. It’s an especially good location for the healthcare field, as Boston is home to some of the best hospitals nationally and around the world.
Another big plus: Boston is the home of Harvard, MIT and other top universities. This gives young professionals the chance to pursue advanced degrees in their field or change career paths.
Boston’s city life is one of the most diverse and vibrant on the East Coast. The city is full of history, which you can experience in its architecture and museums. But it’s also fully in the present and looking to the future in giving its residents a good quality of life. In 2017, Boston was named one of the most innovative cities in the world, which is felt everywhere from its work and educational institutions to its urban planning and cultural offerings.
It’s also an extremely health-conscious city, with tons of parks, bike paths and pedestrian-friendly areas. It boasts of a renowned art, theater and live music scene, as well as great dining and nightlife. Neighborhoods like South End and Allston/Brighton offer affordable, trendy places to live.
9. Madison, WI
Once overlooked as young professionals flocked to major coastal metropolises, Midwestern cities like Madison are showing that they have a lot to offer ambitious young people. The University of Wisconsin-Madison has highly regarded tech and IT programs, fueling a citywide industry.
Alongside education, young professionals here have their choice of many interesting, cutting-edge industries like healthcare, energy, aerospace and agriculture. Madison’s proximity to Chicago and Milwaukee also allows young professionals to make connections and network with companies in larger cities while enjoying Madison’s more relaxed and affordable quality of life.
Outside of work, Madison bustles with the energy of a college town. Sports are huge here (Go Badgers!), with football, basketball, hockey and baseball. Be sure to watch all those games while enjoying a cold, locally-made beer. Alongside its love of brats and cheese curds, Madison is known for its craft brews.
To burn off all those good eats, hit the paths of Madison’s many parks, especially the scenic ones along the shores of Lake Mendota and Lake Monona. For the more artistically inclined, you can find live music, museums and art exhibitions in abundance.
8. Atlanta, GA
Pursuing a career in Atlanta is bound to set young professionals up for success in life. The city positively crackles with expectation and energy. People living here are all about big ideas and big dreams, setting the stage for innovation and collaboration. Healthcare and finance are major industries here. But it’s also a great spot for young professionals looking to break into communications, media, film and entertainment.
The young workforce can take advantage of local groups like the Young Professionals of Atlanta for guidance, networking and giving back to the community. The Hartsfield–Jackson Atlanta International Airport, which is a major hub, also allows for easy work travel.
Beyond that, Atlanta just knows how to have a good time. There’s always something going on, from a concert to a new restaurant to try. So, there’s always an incentive to go out. Live music is king here. Atlanta’s dominance in the hip hop, live music and entertainment scenes is undeniable. It has great sports teams like the Falcons, Hawks and World Champion Braves.
From southern comfort food like fried chicken and barbecue, Atlanta is all about the good eats. With its lush parks set against towering skyscrapers, it’s a great city to explore on foot. Finally, neighborhoods like Cabbagetown and Old Fourth Ward have affordable living close to work in the downtown area.
7. Austin, TX
Austin’s cultural scene is enough of a draw to get young people to move there. The city has seen tremendous growth over the past decade and for good reason. Austin is a town for creatives, from its live music to visual art to multi-discipline experimentation. Local museums, the University of Texas at Austin and the famous SXSW Festival foster a highly creative environment. And let us not forget how good the tacos are.
But it’s not all play, no work. By many metrics, Austin is one of the best cities for young professionals to learn skills, gain experience and develop their careers. It’s fast becoming a major center for tech, advanced manufacturing, digital media, start-ups and space technology. Even Tesla is transplanting its headquarters to Austin.
But for a town that’s so tech-focused, it’s still affordable with a rent-to-income ratio of about 10 percent. Young professionals can expect to earn high incomes here but will be shelling out less of their money for rent and cost of living. Austin’s population growth has been a cause for concern for its affordability, but there’s no denying it’s a great place to live as a young professional.
6. Minneapolis, MN
Alongside Madison, Minneapolis is another Midwestern city showing its chops. With a diverse job market, young professionals are here not only for work but also for the low cost of living and cultural landscape. The live music and nightlife scenes rival those of major coastal cities. And sports lovers enjoy games cheering on the Vikings and other local teams like the Minnesota Twins.
Healthcare, banking, finance, data centers and biosciences are just some of the fields young professionals can work in here. Young people hoping to go into the medical field should definitely have Minneapolis on their radar. Nearby Rochester is home to the internationally-renowned Mayo Center.
You can pursue higher education at local universities like the University of Minnesota. From top-tier career opportunities to a vibrant social scene, Minneapolis has everything young professionals need to launch their careers while enjoying their youth.
5. Washington, D.C.
If you’re a young professional looking to get into politics, there’s nowhere better than the nation’s capital. From internships to working in the offices of congresspeople, opportunities abound. And as politics revolve around connecting with people, networking is practically an art form here. At power lunches and events, young professionals can make valuable connections to parlay into prized job positions. But politics isn’t the only game in this town. Healthcare, communications, higher education and tech also have strong footholds here.
Apart from work, Washington, D.C., is a hit among young people for its nightlife, dining, arts and culture. Good public transit also allows for easy connection between neighborhoods and business districts. With D.C. having a high cost of living, this gives young professionals the chance to live more affordably outside the city center.
4. Denver, CO
The Mile High City also ranks very high on our list of the best cities for young professionals. For outdoor lovers, there’s nowhere better. The Rocky Mountains are right next door, with hiking, climbing and skiing. But there’s plenty of fun in town, as well, from dining to craft brews to cheering on the Denver Broncos. The nightlife here is hot.
When not out climbing peaks, young professionals can climb the ranks at work. Top industries in Denver include telecommunications, healthcare, financial services, IT and aerospace. Hip neighborhoods like Capitol Hill and Highland are centrally located, with easy access to downtown for work. An average commute of 25 minutes also means that living outside the city center isn’t a deal-breaker.
3. San Francisco, CA
The City by the Bay is a great place for young professionals to put down roots. This is especially true if they’re in the fields of tech, IT, software, digital and social media, international business and biotech. Thanks to its proximity to the tech hub of San Jose, San Francisco has become an outpost for innovative, forward-thinking young professionals all working on the next big thing.
It’s no secret that affordability is not San Francisco’s strongest suit. However, due to the in-demand careers and work opportunities present in the area, the median household income is $112,449. So, even with the high cost of living, it’s still possible to earn enough to enjoy a comfortable lifestyle. And most locals will say the high rents are the price you pay for living in such a dynamic place. With historic neighborhoods, parks, a robust performing arts scene and a food scene spanning cuisines from around the world, San Francisco is a great place for young professionals with active social lives.
2. Charleston, SC
The city of Charleston is known for its historic architecture, Southern cuisine and abundant history. But it’s fast getting a reputation as a great hub for young professionals. The city is home to major industries like aerospace, tech, defense and life sciences.
Housing here is also very affordable for renters. In popular neighborhoods like Harleston Village, North Charleston and James Island, the average rent is around $900 to $1,100. You can find higher education opportunities at the College of Charleston and the Medical University of South Carolina.
Charleston also boasts of a very lively social scene. That classic southern hospitality makes it a great place to go out and meet people. Young people living here have tons of activities to choose from in their free time. Charleston has a much-lauded dining scene, with tons of restaurants and cuisines to try.
The city also has a growing nightlife scene that will greatly appeal to the young crowd. Arts and culture lovers can get their fill at Charleston’s many museums and galleries. Live music is also getting a foothold here, offering something for the late-night crowd besides dancing and bars.
1. Seattle, WA
It’s called the Emerald City, but it’s taking home the gold as the best city for young professionals. Seattle is one of the West Coast’s top cities for industry and business. But it also provides unbeatable access to the great outdoors, art, culture, dining and live music. While Seattle is an expensive city, it has plenty of affordable neighborhoods that young professionals can call home.
Seattle is famously home to multiple Fortune 500 companies. Just to name a few, there’s Amazon, Starbucks and Microsoft. Many other household name companies are also based here, giving young professionals plenty of highly sought-after jobs to go after. The aerospace industry, tech and IT are also big players.
Beyond the competitive job market, young professionals in Seattle enjoy taking advantage of the city’s multicultural food scene, live music, theater and art. Heading out into the forests, waterways and mountains of Washington state is another popular way people living here unwind.
The top 50 cities for young professionals
Do the cities in the top 10 not have the right opportunities or connections you’re looking for? Craving a different type of scene? Don’t worry, there are plenty more options for great cities for young professionals.
The worst cities for young professionals
Not every city has the right tools for the job as one of the best cities for young professionals. Plenty of cities fall short due to factors like bad income-to-rent ratio, high rental rates and high unemployment rates among young people. These are the worst cities you can live in as a young professional.
Young professionals can have it all in these cities
Young people launching their careers want good opportunities. But they also want to enjoy the trappings of youth, like going out to parties or concerts. These cities provide the best of both worlds for young professionals.
Methodology
Cities were ranked based on a weighted scoring system using four broad categories: Demographics, Housing Costs to Income, Recreation and Community and Economics. Each category was weighted to account for 25 percent of the final score. Among the categories, features were weighted as follows:
Demographics: 25 points
- Percent of the population age 25-34: 12.5 points
- Percent of population with a bachelors degree or higher: 12.5 points
Housing Costs to Income: 25 points
- Rent to income ratio: 25 points
Recreation and Community: 25 points
- Bars and restaurants per capita: 6.25 points
- Art/culture and nature/parks per capita: 6.25 points
- Inbound migration, different state, 1 year: 6.25 points
- Inbound migration, abroad, 1 year: 6.25 points
Economics: 25 points
- Laborforce participation, Age 25-34: 8.33 points
- The unemployment rate, Age 25-34: 8.33 points
- Percent change in median income, 2015-2019, Age 25-44: 8.33 points
Data on population, educational attainment, migration, labor force participation, unemployment and median income are from the U.S. Census’ 2019 American Community Survey 1-year Estimates. Median income data from the U.S. Census’ 2015 American Community Survey 1-Year Estimates were used in calculating the percent change in median income.
Recreation data, including estimates of bars, restaurants, art and cultural institutions, and natural amenities are from commercially licensed business listings and are based on NAICS categories for Drinking Places (Alcoholic Beverages), Full-Service Restaurants, Independent Artists, Writers and Performers, and Nature Parks and Other Similar Institutions.
Cities with insufficient data were excluded.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
Source: rent.com
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FHFA revises current single-family mortgages backed by Fannie Mae, Freddie Mac (iStock)
The Federal Housing Finance Agency (FHFA) will revise the treatment of active single-family mortgages backed by government-sponsored enterprises Fannie Mae and Freddie Mac for which borrowers elected a COVID-19 forbearance under the Enterprises’ representations and warranties framework, according to its newest media release.
“Under the updated rep and warrant policies, loans for which borrowers elected a COVID-19 forbearance will be treated similarly to loans for which borrowers obtained forbearance due to a natural disaster,” the FHFA said. “As a result, loans with a COVID-19 forbearance will remain eligible for certain rep and warrant relief based on the borrower’s payment history over the first 36 months following origination.”
FHFA Director Sandra L. Thompson argued that homeowners, who needed more time to keep up with housing costs during the pandemic, benefited from a mortgage forbearance plan that would reduce or suspend mortgage payments.
“Forbearance was an invaluable tool for borrowers experiencing financial hardship due to the COVID-19 pandemic,” Thompson said. “Servicers went to great lengths to implement forbearance quickly amid a national emergency, and the loans they service should not be subject to greater repurchase risk simply because a borrower was impacted by the pandemic.”
The Enterprises’ existing rep and warrant policies with respect to natural disasters allow the time the borrower is in forbearance to be included when demonstrating a satisfactory payment history in the first 36 months following origination, the FHFA noted. These policies will now expand to loans for which borrowers elected a COVID-19 forbearance.
Thompson stressed the importance of helping current and prospective homeowners manage present housing conditions at the Mortgage Bankers Association Annual Convention last week. “In a housing market like this one, it is all the more important that both our policies and the industry’s efforts align to support existing and aspiring homeowners,” Thompson said. “That is why I believe a model based on partnership and mutual feedback is necessary for us to achieve our shared goal of promoting affordable and sustainable housing opportunities.”
If you’re considering becoming a homeowner, it could help to shop around to find the best mortgage rate. Visit Credible to compare options from different lenders and choose the one with the best rate for you.
MORTGAGE RATES KEEP CLIMBING, BUT BUYERS CAN FIND THE BEST DEALS BY DOING THESE TWO THINGS: FREDDIE MAC
Mortgage rates affecting affordability, buyers advised to build up down payments
Mortgage rates are continuing their ascent. The average 30-year fixed-rate mortgage rose to 7.63% for the week ending Oct. 19, according to the Freddie Mac’s latest Primary Mortgage Market Survey. This time in 2022, the 30-year fixed-rate was below 7%.
Buyers may do well for themselves by browsing for the best home loans and making a considerable down payment. Freddie Mac’s Chief Economist Sam Khater said “in this environment, it’s important that borrowers shop around with multiple lenders for the best mortgage rate.”
Freddie Mac announced last week the launch of DPA One®, a new tool that strives to help mortgage lenders quickly find and match borrowers to down payment assistance programs nationwide.
“DPA One delivers a one-stop shop at no cost that brings lenders and their borrowers greater detail and visibility into these programs, while seamlessly connecting the right assistance program with the lender, housing counselors and borrowers who need this assistance the most,” Sonu Mittal, Freddie Mac’s senior vice president of and head of single-family acquisitions, explained.
“With research showing down payment is the single largest barrier to first-time homebuyers attaining homeownership, borrowers should also ask their lender about down payment assistance,” Khater said.
If you’re looking to buy a home, you could still find the best mortgage rates by shopping around. Visit Credible to compare your options without affecting your credit score.
MANY AMERICANS PREPARING FOR A RECESSION DESPITE SIGNS THAT SAY OTHERWISE: SURVEY
Housing market showing lackluster activity
By end of 2023, there is likely to have been around 4.1 million existing home sales in the U.S., which would mark the weakest year of home sales since the Great Recession of 2008, according to a Redfin report.
Redfin’s Economic Research Lead Chen Zhao said current conditions have led to buyer and seller hesitancy across the board.
“Buyers have been in a bind all year,” Zhao said. “High mortgage rates and still-high prices are making it harder than ever to afford a home, shutting many young people out of homeownership and causing homeowners to reevaluate whether 2023 is the right time to move. Mortgage rates are staying high longer than anticipated, keeping away everyone except those who need to move and pushing our sales projection for the year down to a 15-year low.
“The last time home sales were this low was during the Great Recession,” Zhao continued.
Redfin agents suggest that buyers invest in newly built properties which are performing more strongly than existing-home sales. Newly constructed homes saw sales increase 1.5% year-over-year in September as prices dropped about 4%, according to Redfin’s data.
Based on the findings from a National Association of Realtors (NAR) report, the total amount of home sales decreased by 2% from August to September and have dropped 15.4% since September 2022.
Looking to reduce your home buying costs? It may benefit you to compare your options to find the best mortgage rate. Visit Credible to speak with a home loan expert and get your questions answered.
AFFORDABILITY KEEPING YOU FROM OWNING A HOME? HERE’S HOW YOU CAN GET READY
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Source: foxbusiness.com
Apache is functioning normally
A kitchen is more than just a room to prepare and eat meals. It’s the most-used area of a house, as it’s also often the social hub for the whole family.
Over the past few years, I’ve stepped foot into more than 200 kitchens in the Louisville area, and each one was unique in its own way. Here are three that stood out.
Double duty
A well-equipped kitchen setup was a priority for Pam Orlando Zanni and Mark Zanni, owners of this custom-built home in Sanctuary Bluffs.
“I’m a Thanksgiving person,” Orlando Zanni told the Courier Journal. “We have 25 to 30 people (over) for Thanksgiving and my (previous) house in Norton Commons, (also had an) open floor plan, … so when you’d get to dessert time, all the dishes are stacked up (in full view) — which I hated — so this time we built what I call a ‘back kitchen.’”
This back kitchen area boasts a sink, dishwasher, ovens, a column freezer, and all of the couple’s serving dishes. It can also be closed off to not only prevent dirty dishes from being seen but to keep the couple’s pooches — Lhasa poo Ainslie and Bolognese Fredo — in their own area.
Tracee Dore Builders, “is my signature design of using lots of windows. The more light, the better — and we love being able to look out of the home and see the beautiful yard at every angle.”
Though she sacrificed some cabinetry to make space for all the windows, Dore insists she wouldn’t like the room as much if she hadn’t done so. The largest window faces the side porch, otherwise known as the friend entrance, or “friendrance.” She likes that she’s always able to see guests coming and can greet them before they even get to the door.
Cool and contemporary
This newly remodeled Audubon Park kitchen, designed with the help of Bethany Adams of Bethany Adams Interiors, boasts custom cabinetry in a mix of natural walnut and Polo Blue. The room is anchored by an island with platinum quartzite countertops and a Bertazzoni five-in-one appliance underneath. There is seating for three via bar stools with wasabi lemon-hued seating.
The DVX black farmhouse sink — which blends in beautifully — was a happy accident.
“We had ordered a white farmhouse sink, and they accidentally sent us black,” Adams told The Courier Journal. “But, we loved it so much we kept it. And I think it looks amazing.”
Architectural recessed lighting is used throughout, with three pendant lights above the sink. Adams explains that they opted to place the pendant lights there rather than above the island because it looks gorgeous from the outside at night and keeps the view toward the custom range clear and open.
A fourth matching pendant light hangs above the adjacent dry bar. Though there is also a full wet bar in the basement, the homeowners wanted a space by the kitchen to store glassware and other bar accessories.
“Up at the top part (of the dry bar) behind the brass screens are speakers,” Adams said. “(The homeowners) are really into music and wanted to incorporate speakers without having them be so clunky (or) overbearing.”
Know a house that would make a great Home of the Week? Email writer Lennie Omalza at [email protected] or Lifestyle Editor Kathryn Gregory at [email protected].
nuts & bolts: Double duty
Owners: Pam Orlando Zanni and Mark Zanni. Orlando Zanni is the creative studio operations director at Cella, and Zanni is the director of operations at Fresenius Kidney Care. Also in the home is Ainslie, the couple’s 15-year-old Lhasa poo, and Fredo, their 8-year-old Bolognese.
Home: This is a 4-bed, 6-bath, 6,000-square-foot, South Carolina Lowcountry style home that was built in 2018 in the Sanctuary Bluffs development.
Distinctive elements: Extensive porch that leads to a double-door entry; soaring vaulted ceiling with architectural trusses and French doors that lead to covered back porch in main bedroom; freestanding tub and spacious walk-in shower in main bath; dressing room with makeup vanity, washer, and dryer; great room with 12-foot coffered ceiling; three sets of French doors that lead to the back porch and yard; custom designed and crafted built ins surrounding an oversized fireplace; open floor plan that incorporates kitchen, dining, and great room; primary kitchen with a 10-foot-long island, Sub-Zero wine Fridge, clear ice maker, Sub-Zero refrigerator column, eight-burner Wolf range, Bosch dishwasher, farmhouse sink, quartz countertops, and ceramic backsplash; back kitchen with additional farmhouse sink, Bosch dishwasher, Sub-Zero column freezer, Wolf microwave, electric wall oven, built-in open shelving and ladder to access high shelves, electronic doggie door with access to picket-fenced dog area; additional full bath and bedroom on main floor, which is currently used as a home office; front staircase that leads to two bedrooms with en suites, an open sitting area, and a second laundry area for guests; rear staircase that leads to design loft, which includes a fully tiled open art space for painting, a balcony that overlooks the woods, a full bath, and large closet; casual entertainment area in basement includes pool table, pinball machine, and large TV over a 100-inch electric fireplace; dark-stained wood ceiling treatment above TV area; exercise room, office, and full bath in basement; exterior access staircase that leads from garage to basement storage area; artwork by John Tuska, Mary Michael Shelley, Mark Bettis, S. Josephine Weaver, David Walker, Billy Hertz, Molly Passafiume, Kathleen Lolly, Shayne Hull, Wayne Ferguson, Marvin Finn, Bob Hoke, T Marie Nolan, Salvador Dali, and Peter Max; located on a half-acre lot.
nuts & bolts: Rustic yet refined
Owners: Tracee Dore Brown and Matt Brown. Tracee is the owner of Tracee Dore Builders, Custom Homes and Renovations; Matt is a Louisville Metro Police sergeant. Also in the home are the couple’s teenage children, Madeline and Alex.
Home: This is a 3-bed, 5-bath, 2,400-square-foot home built in 2017 and styled after Michigan lake cottages. It sits on a one-acre lot in Pewee Valley.
Distinctive elements: Sunroom with large sofa, linen draperies, gold leaf and crystal chandelier; kitchen with Danby marble countertops, unique cabinetry, rustic statement-piece island, lots of windows; European vintage collection oak flooring that replicates historical salvaged flooring; fireplace with Pickwick tongue-and-groove paneling; 8-foot doors and 9-foot ceilings throughout.
nuts & bolts: Cool and contemporary
Owners: Stefan and Heather Rumancik. Stefan is the owner of Designer Builders and Heather is the owner of Competitive Intelligence Executive. Also in the home is their 12-year-old daughter, Adrienne.
Home: This is a 4-bed, 3-and-a-half bath, 4,000-square-foot, Dutch Colonial Revival home in Audubon Park that was built in 1930.
Distinctive elements: Custom walnut and Polo Blue cabinetry, platinum quartzite countertops, Ann Sacks ribbed savoy tile, ribbed glass uppers, and DXV black farmhouse sink in the kitchen; faux thin-brick flooring, custom walnut and Polo Blue cabinetry in the mudroom; Cole and Sons “woods” wallpaper, custom cabinetry in the powder room; custom walnut cabinetry and paneling, Bardiglio and Carrara tile, plastered domed shower ceiling with rain shower, Ann Sacks savoy tile in shower, Brizo chrome and teak faucets in the primary bathroom and dressing room.
Source: courier-journal.com
Apache is functioning normally
A brewing crisis is emerging around homeowners insurance and thus far the finance and insurance community has not offered any viable solutions.
The annual number of weather/climate-related disasters exceeding $1 billion per event has more than doubled over the last five years from historical averages. Homeowners in affected markets have experienced increases in premiums that threaten their financial soundness or are finding cancellation notices in their mailboxes.
Major credit investors such as Fannie Mae and Freddie Mac, which require such policies, are acutely concerned about the long-term prognosis of traditional insurance in light of extreme weather trends.
An overhaul of the homeowners insurance market is in order to prevent an impending catastrophe in the mortgage market.
Premiums on homeowners insurance policies soared more than 20% from last year, reflecting increased rebuilding costs from more natural disasters. In areas hardest hit by recurring disasters such as Florida, premiums have risen 35% with many homeowners experiencing much higher rates. And that’s where policies are available.
Several major insurers grabbed headlines this year by announcing their withdrawal from some markets, such as State Farm deciding not to offer new policies on homes in California due to major disasters like destructive wildfires that have plagued the state in recent years.
Insurers are squeezed between state insurance commissions, reluctant to allow rate increases reflecting the recent trends in claims, and reinsurance companies raising premiums on insurers looking to offload significant risk exposure from natural disasters.
State-run insurance programs including Florida’s Citizens Property Insurance Corp. have been reeling from the exodus of private insurers in their state. The dependence of a functioning insurance market on the decisions of 50 different state insurance commissions, poorly operating state-run programs and the volatility of reinsurance premiums imperils this market and has spillover effects onto the mortgage market.
To ensure the vitality of both homeowners insurance and mortgage markets, a combined private-public insurance solution at a national level is required to distribute natural disaster risk more efficiently, thereby lowering the costs and access to insurance and helping reduce pressures from a housing affordability crisis already in full bloom.
This could be attained by creating a new government-sponsored enterprise (GSE) under the regulatory purview of the Federal Housing Finance Agency (FHFA) that already regulates Fannie Mae and Freddie Mac. The existing National Flood Insurance Program (NFIP) would be restructured into this new hazard insurance GSE.
Importantly, this new GSE would be run by property and casualty (P&C) insurance, finance and weather/climate experts. The GSE structure would provide a nationwide platform providing hazard insurance to every homeowner against major natural disasters beyond flood risk. Providing fairly priced hazard insurance to homeowners given the trajectory of natural hazard events is in the national interest and funding this business in part with low-cost debt is critical to keeping costs down and access to insurance available to all.
By providing coverage only for natural hazards via this federal hazard insurance GSE, private insurers would be able strip out costly provisions of existing homeowners policies, turning them into basic policies covering other non-hazard related risks such as damage from a water line break.
This would reduce the overall costs of these standard policies. The federal hazard policy could be quasi risk-based, into several risk-based tiers to spread costs across a broad base of homeowners and make the policies affordable but also provide pricing disincentives to homeowners attracted to risky areas.
On the back end, the hazard insurance GSE would issue climate risk transfer (ClRT) securities much like Fannie and Freddie’s credit risk transfer (CRT) securities for mortgage credit risk.
Tranches of hazard risk would be sold off to private investors, most of which in this case would be insurers and reinsurers that could take positions in hazard risk based on their risk preferences. This would more efficiently distribute hazard risk and with sufficient interest, build liquidity in such a market which over time would help lower premiums while also reducing systemic risk to the taxpayer.
Some might say that the federal government’s track record with national flood insurance has not been good, so why would a federally chartered hazard insurance GSE present a viable solution? Actually, the housing GSEs have been incredibly effective at lowering the cost of homeownership since their inception and even following the Global Financial Crisis of 2008, have generated a profit for the US Treasury.
Establishing a hazard insurance GSE would bypass the insurance rate-setting problem that exists across 50 state insurance commissions that can limit insurance availability, and combined with a new ClRT security, would create an efficient market for broad distribution of hazard risk to the private market. The close linkage between homeowners insurance and mortgages would also be preserved by having the FHFA oversee GSEs engaged in these activities.
A vibrant housing finance system is dependent on a functional homeowners insurance market. As the pace of natural disasters rises, the provision of homeowners insurance needs to adapt to a rapidly changing environment. A federally sponsored corporation is best suited to address inherent frailties of today’s homeowners insurance markets.
Clifford Rossi is Professor-of-the Practice and Executive-in-Residence at the Robert H. Smith School of Business at the University of Maryland. He has 23 years of industry experience having held several C-level executive risk management roles at some of the largest financial institutions.
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.
To contact the author of this story:
Clifford Rossi at [email protected]
To contact the editor responsible for this story:
Sarah Wheeler at [email protected]
Source: housingwire.com