Santa Barbara Named One of “Ten Pricey Cities That Pay Off”

Earns Praise from U.S. News for High Quality of Life, Trade Productivity

Surrounded by a slow market of newly low-priced homes, courtesy of the housing downturn, some cities continue to maintain a housing market with land remaining expensive. In an article on, Santa Barbara was placed on the list of “10 Pricey Cities That Pay Off.” Joining Santa Barbara in the list of 10 are Boston; Honolulu; Los Angeles; New York City; San Diego; San Francisco; San Luis Obispo; Salinas, California; and Naples, Florida.

In his assessments, University of Michigan economist David Albouy examined both the quality of life, and the trade productivity found in the cities.

The value of a home is based on much more than the cost of the house itself; the quality of life - including weather, distance from the coast, recreational opportunities nearby - proves crucial in the evaluation of a property’s net worth. In addition, cities with more business opportunities or available resources are considered to have a better trade productivity - something that significantly affects certain career options.

The Santa Barbara metro area was found to have the second-highest quality of life, and the third-highest trade productivity.

Susannah Lopez is an Independent intern.

To submit a comment on this article, email or visit our Facebook page. To submit information to a reporter, email

event calendar sponsored by:

Latinos Are Being Pushed Out of Santa Barbara in Droves

New census data shows their population has shrunk by 24 percent since 2011.

Police Suspend Public Sleeping Laws

The non-enforcement comes in response to a new court ruling.

Priest’s Firing Raises Questions

What's the real reason Father Gavancho was terminated from Our Lady of Sorrows?

1/9 Repeat? ‘Nobody Knows!’

A UCSB geologist says predictions are purely guesswork.

Posting Bail for Santa Barbara County’s Undocumented ICE Detainees

How Anahi Mendoza and a Santa Barbara County organization help win bail for residents in ICE detention ...