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Standard of living gives St. Louis a leg up

  • ​​New research from the Federal Reserve Bank of St. Louis backs up what many have known, St. Louis has a high standard of living.  The study goes on to say, “Among all MSAs, St. Louis ranked No. 20, putting it in the top 6 percent. Said another way, St. Louis’ standard of living was higher than about 94 percent of MSAs in the country.” The information is presented by James Bullard, President and CEO of the St. Louis Fed.  Bullard concludes, “The bottom line is that, among the top 10 large MSAs, St. Louis and Nashville were the only ones that could simultaneously claim a higher-than-average standard of living, a lower-than-average cost of living and moderate income inequality.”

  • A high standard of living coupled with a low cost of living makes St. Louis a favorable location for start-up companies.  In recent years, Boundless and Need/Want have both relocated to St. Louis and cited cost as a major driver of the move. In 2017, the region jumped 10 spots in the Kauffman Foundation index of startup activity, the most of any city, moving up to 26th in the country. ​

Source: Federal Reserve Bank of St. Louis​

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