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Employees transferring into the area will find that for the same amount, or even less money, they can afford larger, more comfortable homes than they could in cities from which they relocated. According to the ACCRA (American Chamber of Commerce Researchers Assn.) Cost of Living Index, a 2,400 square-foot home in the Houston Bay Area costs less than it would in U.S. Cities of comparable size.
Comparison of Home Prices
| AREA |
AVERAGE HOME PRICE |
| Houston-Sugar Land-Baytown, TX1 |
$207,167 |
| Dallas-Fort Worth-Arlington, TX |
$211,160 |
| Atlanta-Sandy Springs-Marietta, GA |
$292,227 |
| Phoenix-Mesa-Scottsdale, AZ |
$305,898 |
| Denver-Aurora, CO |
$348,767 |
| Boston-Cambridge MA |
$496,344 |
| Miami-Fort Lauderdale-Miami Beach, FL |
$484,065 |
| Washington, DC-Arlington, VA |
$625,194 |
| New York, NY-Newark, NJ |
$705,781 |
| Los Angeles-Long Beach-Santa Anna CA |
$862,375 |
1League City is included in the Houston/Sugar Land/Baytown MSA
Source: ACCRA Cost of Living Index, Third Quarter 2007
League City Building Permit Statistics
| YEAR |
NUMBER OF RESIDENTIAL PERMITS |
VALUE |
NUMBER OF COMMERCIAL PERMITS |
VALUE |
| 1997 |
372 |
$57,232,776 |
21 |
$14,414,869 |
| 1998 |
588 |
$83,440,737 |
22 |
$45,425,545 |
| 1999 |
699 |
$100,916,512 |
23 |
$31,376,656 |
| 2000 |
758 |
$106,284,384 |
34 |
$51,814,292 |
| 2001 |
1,053 |
$159,814,076 |
26 |
$29,370,250 |
| 2002 |
1,365 |
$238,362,126 |
18 |
$14,137,848 |
| 2003 |
1,482 |
$217,110,980 |
30 |
$20,922,190 |
| 2004 |
1,516 |
$236,092,416 |
39 |
$82,391,607 |
| 2005 |
1,249 |
$225,268,358 |
69 |
$61,541,607 |
| 2006 |
1,580 |
$266,426,720 |
47 |
$36,033,628 |
| 2007 |
1,549 |
$256,555,787 |
79 |
$78,638,198 |
Source: CDS Market Research 2007
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