Dallas was named #4 on Forbes “America’s Hippest City” list! Being Texans, we have always known how much Dallas has to offer; now Forbes agrees. High-end fashion boutiques, world famous museums and five star restaurants are just a few luxuries that can be found within the Dallas zip code. When deciding where to build your new home, DFW should be the clear winner. It offers the “hipness” of Dallas and the “coolness” of Fort Worth in one Metroplex.
www.cheldanhomes.com
The ratings were based upon several factors. A synopsis from the Yahoo.com article is featured below:
http://homes.yahoo.com/news/america-s-10-hippest-cities.html
Behind the Numbers
“Cool” is defined by Merriam-Webster’s dictionary as “very good; fashionable.” Of course what, exactly, is good and fashionable is very much in the eye of the beholder. We sought to quantify it in terms of cities, ranking the 65 largest Metropolitan Statistical Areas and Metropolitan Divisions (areas that include cities and their surrounding suburbs that are defined by the U.S. Office of Management and Budget) based on seven data points weighted evenly.
Sperling’s Best Places helped us calculate the number of entertainment options per capita in each metro area. We also ranked the cities based on other recreational opportunities, including the amount of green space, the cost and number of outdoor activities like golfing and skiing available, and the number of pro and college sports teams.
With the help of Sperling’s, we tallied restaurants and bars per capita, weeding out chain establishments – Applebee’s has less sizzle than a local chef’s bistro.
We also looked at each city’s cultural composition using Sperling’s Diversity Index. It measures the likelihood of meeting another person of a different race or ethnicity. Increased diversity tends to lead to a larger assortment of interesting shops, restaurants and events.
Using the most recent data from the U.S. Census Bureau, we factored in median age, favoring places with a large young adult population.
We ranked the cities based on net migration (the number of people who relocated there in 2011) and also on unemployment rates, since a city’s offerings are only as good as the amount of people who want and can to afford to enjoy them. (No one likes to hang out in an empty bar, right?) We culled this data from the Bureau of Labor Statistics and Moody’s Analytics.
Methodology
We attempted to quantify ‘coolness’ for the 65 largest Metropolitan Statistical Areas and Metropolitan Divisions (areas that include cities and their surrounding suburbs as defined by the U.S. Office of Management and Budget) based on seven data points we weighted evenly. Sperling’s Best Places helped us calculate the number of entertainment options per capita with an Arts & Culture Index (100 is the best score); recreational opportunities, including the amount of green space, quality of outdoor activities available, and the number of pro and college sports teams (again, (100 is the best score); and number of restaurants and bars per capita, with a focus on local eateries. We also looked at each city’s cultural composition using Sperling’s Diversity Index (100 is the best). We included median age, according to the U.S. Census Bureau, favoring places with a large young adult population. Lastly, we looked at net migration for 2011 and unemployment rates, using data from the Bureau of Labor Statistics and Moody’s Analytics. The following list is the 20 cities that ranked highest according to these criteria.
4. Dallas, TX
Metro Division: Dallas-Plano-Irving, TX
Arts & Culture Index: 95
Recreation Index: 86
Diversity Index: 73.7
Number of Local Eats: 7,689
Median Age: 33.5
Unemployment: 6.9%
2011 Net Migration: 45,870 people