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Lincoln Economy Outlook Strong for Future Growth

By: Patricia Orrin

While most of the action takes place largely on the west and east coasts, the centrally located Lincoln, Nebraska also seems to be going places and looking forward to a bright future. In the coming decade, this city appears to have a strong economic and overall outlook. So, if you are thinking of relocating, you would do well to put Lincoln on your short list of potential places to consider.

Lincoln cannot be considered a large city by any standards, but is big enough to provide a comfortable life to its 225,000 people. It offers all the amenities of a large city to its residents, and is not burdened by many of the problems of large cities like high rates of crime and exorbitant housing costs. Lincoln has a diverse and growing economy, premium social services, and a top notch education system that includes excellent secondary education options. In short, it has all that you would desire in a place to call home.

The average income of someone working in the Lincoln area is 33,580 dollars per year. While only slightly above the national average, the figure appears to be more impressive when you factor in the relatively low cost of living for people living in the area. Lincoln is enjoying a period of economic growth and currently has a record number of people employed.

However, the economy of Lincoln is not completely free from trouble spots. There are not many jobs in the manufacturing sector. In fact, an increase in manufacturing jobs was visible in mid 2005 for the irst time after five years of struggle. Before that Lincoln had to brave through a tough period of a continual drain upon its manufacturing base.

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.

The Lincoln economy has also luckily escaped the impact of the drought conditions that continue to plague much of the state. Any losses due to the drought and crop loss have been more than offset by the surge in insurance and finance related positions in this area. So, unless you are planning on a job in the agriculture or manufacturing sectors, Lincoln promises a bright economic future. If you have the determination and drive, Lincoln will provide you with enough opportunities.

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.

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