Lincoln Economy Outlook Strong for Future Growth

Lincoln, Nebraska may be located in the center of the country and seemingly isolated from the hustle and bustle taking place on the east and west coasts, but the city is definitely going places and has a bright future. People thinking of relocating to a new area should definitely put Lincoln on their short list of potential candidates as its economy and overall outlook appear strong for the coming decade.

Lincoln is not necessarily a large city by any means. Having a population of around 225,000, Lincoln is big enough to offer residents most of the amenities of a large city while not being burdened by many of the problems affecting most of the larger cities such as high crime rates and escalating housing costs. With access to a diverse and growing economy, premium social services, and a top notch education system that includes excellent secondary education options, Lincoln is definitely a great place to call home.

An average resident can earn up to 33,580 dollars per year in Lincoln. Although this figure is not much higher than the national average, it works out to be much more considering the relatively low cost of living in the area. Since Lincoln is enjoying a period of economic growth, it has a record number of people employed.

However, Lincoln's economic picture is not entirely without its trouble spots. In the manufacturing sector, for the last 5 years, the area had been suffering from a manageable but continual drain upon its manufacturing base. In fact, manufacturing jobs showed an increase for the first time in 5 years in the 2nd quarter of 2005.

The health services industry, on the other hand, is doing very well. Three of the top six careers expected to show the biggest growth in employment in the coming five years, are in this sector. Thanks to the senior citizens making Nebraska and Lincoln their home, this area has a higher percentage of residents over the age of 65 than the national average.

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

While drought conditions continue to plague much of the state, its effect upon the Lincoln economy has not been felt. Indeed, the area has seen a surge in finance and insurance related positions that have more than offset any losses due to crop loss and the drought. So, if you are not planning on a job in the manufacturing or agriculture industries, Lincoln is definitely a place with a bright economic future for people with the drive and determination to take advantage of opportunity.

The economic conditions of any area must be carefully weighed before making any decision about relocation. As the economy of Lincoln appears to be on solid footing with a bright future, the city is definitely a great place to consider relocating to. Add to this the fact that the area has a relatively low crime rate, affordable housing, and a solid education infrastructure, and it becomes easy to see why Lincoln would be a great place to call home.

Article Source: http://www.articles.ask-me-about.com

Patricia Orrin is the webmaster for F lincoln, the web's premier resource for information about lincoln. For more articles on lincoln visit: www.ftlincoln.com/articles
Click here to get your own unique version of this article from the lincoln Articles Submissions Service