Sioux City employment growing, catching eye of renters
A regional hub for business activity, medical care, educational institutions and more, Sioux City is the center of "Siouxland," which includes parts of Southeast South Dakota and Northeast Nebraska, as well as Northwest Iowa.
Forbes magazine ranked the metropolitan area as one of the 15 best in the nation for business and careers in 2010, while Coldwell Banker real estate named it the third most affordable housing market in the nation. Sioux City apartments, such as those associated with IRET Properties, may be perfect for old and new residents who want to take advantage of that pricing and the many opportunities the city has to offer.
In addition to these attractions, Sioux City's Historic Preservation Commission seeks to care for and protect the various historic properties that remain from throughout its past. These and other cultural attractions, such as arts, culture and sports venues, are found in the city. More than 1,132 acres of parkland is spread between 53 different locations, including recreation trails and parts of the riverfront. Additionally, several colleges and universities serve as the hub of learning in Siouxland.
Employment opportunities in Sioux City a big appeal to renters
The metro area's unemployment rate dropped from 5.7 to 5 percent in April, the lowest level it has been at in 39 months. Employers in the area added new positions, according to Iowa Workforce Development. Unemployment has not been that low since it reached 3.7 percent in December 2008, according to state data.
Many of the new or returning jobs are in the construction and manufacturing industries. There were also notable gains in professional and business service and the leisure and hospitality sectors. This may signal gathering momentum in the area's economy.