Cities | KRG Hospitality

November 15, 2022by David Klemt David Klemt No Comments

The Most-stressed Cities in the US

These are the Most-stressed Cities in the US

by David Klemt

There’s a simple argument to be made that one characteristic the happiest cities share is being among the least stressful to live.

Yesterday we took a look at the happiest cities in the US, according to WalletHub analysis. Click here in case you haven’t yet read that article.

Today, let’s check out the most- and least-stressed cities in America. As with their happiest and least-happy cities list, WalletHub ranks 182 cities based on stress levels.

Of course, “least stressed” doesn’t mean “stress-free.” Nor should it—some stress is good for us. After all, stress can push us to perform our best, bring out our problem-solving creativity, and even energize us.

The rankings below may surprise you. Like me, you may even find yourself raising an eyebrow and disagreeing with some of them.

However, it’s a compelling list worth reviewing if you’re an operator, leadership team member, hospitality professional, or in the site-selection portion of opening a restaurant or bar.

The Top 25 Cities of Stress

When determining their results, WalletHub ranked 182 cities according to four main categories. Those categories are: work stress; financial stress; family stress; and health and safety stress. The categories consist of 40 key metrics in total.

I think it’s safe to assume that no city wants to be in the top 25 of this list, or even the top 50. Neither, I’m certain, does any city want to wear the crown of “Most Stressed US City.”

Unfortunately, someone must be number one. Below, the top 25 “Cities of Stress,” per WalletHub:

Cleveland, Ohio
Detroit, Michigan
Gulfport, Mississippi
Baltimore, Maryland
Philadelphia, Pennsylvania
Memphis, Tennessee
New Orleans, Louisiana
Birmingham, Alabama
Louis, Missouri
Toledo, Ohio
Augusta, Georgia
Jackson, Mississippi
North Las Vegas, Nevada
San Bernadino, California
Fayetteville, North Carolina
Akron, Ohio
Wilmington, Delaware
Houston, Texas
Montgomery, Alabama
Shreveport, Louisiana
Cincinnati, Ohio
Newark, New Jersey
Mobile, Alabama
Columbus, Georgia
Indianapolis, Indiana

Alas (I don’t get to use this word much), Ohio has four cities on this list. In fact, the Buckeye State has two cities in the top ten.

Of course, Ohio isn’t the only state with multiple cities in the top 25 stressed cities. Alabama has three cities among the top 25. Also, Mississippi and Louisiana each have two cities on this part of the list, unfortunately.

Cities 26 Through 91

As you’ll see below, Ohio shows up a couple of times in this portion of the list. However, so do a handful of other states.

For example, ten Texas cities land on this part of the list. That means Texas has 11 cities among the “top” half of the most-stressed US cities.

Baton Rouge, Louisiana
Las Vegas, Nevada
Huntington, West Virginia
Springfield, Missouri
Dover, Delaware
Norfolk, Virginia
Milwaukee, Wisconsin
Chicago, IL
Newport News, Virginia
Washington, DC
Dallas, Texas
Richmond, Virginia
Tulsa, Oklahoma
Chattanooga, Tennessee
Bridgeport, Connecticut
San Antonia, Texas
Atlanta, Georgia
Glendale, Arizona
New York, New York
Tucson, Arizona
Columbia, South Carolina
Columbus, Ohio
Knoxville, Tennessee
New Haven, Connecticut
Brownsville, Texas
Rochester, New York
Casper, Wyoming
Vancouver, Washington
Oklahoma City, Oklahoma
Jacksonville, Florida
Corpus Christi, Texas
Charleston, West Virginia
Henderson, Nevada
Phoenix, Arizona
Modesto, California
Wichita, Kansas
Winston-Salem, North Carolina
Little Rock, Arkansas
Moreno Valley, California
Louisville, Kentucky
Stockton, California
Spokane, Washington
Fresno, California
Miami, Florida
Kansas City, Missouri
El Paso, Texas
Salem, Oregon
Hialeah, Hawaii
Los Angeles, California
Fort Smith, Arizona
Fort Worth, Texas
Denver, Colorado
Arlington, Texas
Buffalo, New York
Greensboro, North Carolina
Bakersfield, California
Fort Wayne, Indiana
Providence, Rhode Island
Tacoma, Washington
Port St. Lucie, Florida
Lewiston, Maine
Laredo, Texas
Cape Coral, Florida
Grand Prairie, Texas
Garland, Texas
Aurora, Colorado

Cities 92 Through 137

This is where things begin to turn around, at least mathematically. This is the “bottom” half of the list.

Or, to phrase it another way, this section starts identifying the least-stressed cities in America.

Portland, Oregon
Ontario, California
Lubbock, Texas
Reno, Nevada
Huntsville, Alabama
Sacramento, California
Amarillo, Texas
Albuquerque, New Mexico
Tampa, Florida
Long Beach, California
Colorado Springs, Colorado
Fontana, California
Tallahassee, Florida
Las Cruces, New Mexico
Worchester, Massachusetts
Orlando, Florida
West Valley City, Utah
Fort Lauderdale, Florida
Peoria, Arizona
Riverside, California
Mesa, Arizona
Nashville, Tennessee
Des Moines, Iowa
Nampa, Idaho
Tempe, Arizona
Irving, Texas
Oakland, California
Grand Rapids, Michigan
Charlotte, North Carolina
Rancho Cucamonga, California
Boston, Massachusetts
Pittsburgh, Pennsylvania
Honolulu, Hawaii
Oceanside, California
Pearl City, Hawaii
Anchorage, Alaska
Warwick, Rhode Island
Virginia Beach, Virginia
Cheyenne, Wyoming
Petersburg, Florida
Chesapeake, Virginia
Billings, Montana
Lexington-Fayette, Kentucky
Durham, North Carolina
Santa Ana, California
Jersey City, New Jersey

Cities 138 through 182

Finally, we reach what cities, according to WalletHub analysis, experience the least amount of stress.

Salt Lake City, Utah
Aurora, Illinois
Santa Clarita, California
Glendale, California
Manchester, New Hampshire
Paul, Minnesota
Garden Grove, California
Pembroke Pines, Florida
Yonkers, New York
Chandler, Arizona
Oxnard, California
Juneau, Alaska
Anaheim, California
Santa Rosa, California
Chula Vista, California
Charleston, South Carolina
Raleigh, North Carolina
San Francisco, California
Huntington Beach, California
Omaha, Nebraska
San Diego, California
Gilbert, Arizona
Scottsdale, Arizona
Rapid City, South Dakota
Austin, Texas
Seattle, Washington
Minneapolis, Minnesota
Missoula, Montana
Boise, Idaho
Nashua, New Hampshire
Plano, Texas
Cedar Rapids, Iowa
Lincoln, Nebraska
Portland, Maine
Irvine, California
Burlington, Vermont
Sioux Falls, South Dakota
Bismarck, North Dakota
San Jose, California
Columbia, Maryland
Fargo, North Dakota
Overland Park, Kansas
Madison, Wisconsin
South Burlington, Vermont
Fremont, California

Twelve of the cities on this part of the list are in California. Further, the least-stressed city in California: Fremont. If you read yesterday’s article, you know that WalletHub ranked Fremont, California, the happiest city in the US.

Image: Nathan Dumlao on Unsplash

November 14, 2022by David Klemt David Klemt No Comments

Which Cities and States are the Happiest?

Which US Cities and States are the Happiest?

by David Klemt

As an entrepreneur and operator evaluating a market for a first location or expansion, it can help to know where people are happiest.

Equally as helpful: Knowing the cities and states that are the least happy. Not, necessarily, so an operator can avoid these markets.

Rather, one’s concept may be a ray of stress-free sunshine for a given community. Providing a great workplace with a positive culture can work wonders for both the happiest and least-happy places. And as the cornerstones of the communities they serve, restaurants and bars can improve their guests’ quality of life.

We’ve looked at the US cities with the greatest inflow and outflow (which can reveal happiness levels), as identified by Redfin. And we’ve checked out the best US retirement cities, researched by Clever.

Now, we’re taking a look at which US cities and states are the happiest and least happy, according to WalletHub. In case you’re unaware, personal finance site WalletHub researches a vast array of topics. You can browse them here.

Happiest Cities

While determining which are happiest, WalletHub identified the happiest 182 cities. Obviously, that’s a far cry from how many cities are in the US.

According to one source, there 19,495 cities, towns, and villages across the country (per data from 2018). Of those, 4,727 cities have populations of 5,000 or more. A total of 310 cities have populations of at least 100,000, and only ten are home to one million people or more.

So, living in any of the 182 cities WalletHub suggests one is pretty happy. However, these are the ten happiest cities, in descending order:

Fremont, California
Columbia, Maryland
San Francisco, California
San Jose, California
Irvine, California
Madison, Wisconsin
Seattle, Washington
Overland Park, Kansas
Huntington Beach, California
San Diego, California

As you can see, six of the 10 cities are in California. In fact, 29 of the 182 cities on this list are located in the Golden State.

To create their list, WalletHub analyzed several metrics that make up three main categories: emotional and physical well-being; work environment; and community and environment.

Fremont, CA, is number one for emotional and physical well-being. The top spot for work environment goes to San Francisco, CA. And the number-one city for community and environment is Casper, Wyoming, which is number 79 on the list overall.

Least-happy Cities

Again, understanding that there are more than 19,400 cities, towns, and villages in the US alters the context of this list a bit.

Living and operating in one of these 182 cities indicates a person is living in a happy city. Basically, it isn’t the worst place to live if it’s on this list.

At any rate, let’s look at the 10 cities that make up the bottom of WalletHub’s list. Or, the “least-happy” cities, at least as far as these rankings are concerned.

Detroit, Michigan
Gulfport, Mississippi
Memphis, Tennessee
Huntington, West Virginia
Montgomery, Alabama
Cleveland, Ohio
Augusta, Georgia
Fort Smith, Arizona
Mobile, Alabama
Shreveport, Louisiana

Happiest States

WalletHub also ranked 50 states to determine the happiest and least happy. I checked, and, yep, that’s all of ’em! I will say it’s a bit disappointing they didn’t include Puerto Rico, but it isn’t the 51st state (yet).

WalletHub focused on 30 metrics to rank the states, which make up three main categories: emotional and physical well-being; work environment; and community and environment.

In descending order, the happiest states in America are:

Hawaii
Maryland
Minnesota
Utah
New Jersey
Idaho
California
Illinois
Nebraska
Connecticut

Hawaii doesn’t just take the top spot overall, it also claims number one for emotional and physical well-being. Utah takes first for work environment, and community and environment.

Rounding out the “happiest half” of the US are:

Virginia
South Dakota
North Dakota
Massachusetts
New Hampshire
Iowa
Delaware
Florida
Georgia
North Carolina
Wisconsin
Washington
New York
Maine
Wyoming

Least-happy States

Conversely, the following are the least-happy states, starting with the unhappiest:

West Virginia
Louisiana
Arkansas
Kentucky
Alabama
Mississippi
Oklahoma
Tennessee
New Mexico
Missouri

Filling out the least-happy half of the country are:

Alaska
Michigan
Ohio
Indiana
Texas
Nevada
Vermont
South Carolina
Kansas
Arizona
Colorado
Montana
Rhode Island
Pennsylvania
Oregon

In terms of the three metrics WalletHub analyzed, West Virginia is ranked last for emotional and physical well-being. Unfortunately, Mississippi is last for work environment. And Texas comes in last for community and environment.

Image: chaitanya pillala on Unsplash

July 13, 2022by David Klemt David Klemt No Comments

Is Your Business in a Top Time Out City?

Is Your Business in a Top Time Out City?

by David Klemt

Hot off the presses, Time Out is now revealing the results of their Time Out Index 2022, an annual list identifying the world’s top cities.

The global publication, founded in the late 1960s, surveyed 20,000 “city dwellers.” Time Out focuses on cities’ restaurant, bar, nightlife, entertainment, and art scenes.

For 2020 and 2021, Time Out put emphasis on the pandemic and how cities maintained resiliency and kept communities together. In 2022, priority is given to flourishing nightlife, dining, and drinking, along with culture.

Additionally, Time Out gives weight to a city’s sustainability, safety, walkability, and affordability. To learn more about how Time Out analyzes data, click here.

Compelling Rankings

Below, you’ll find Time Out’s ranking of the best 53 cities in the world for 2022. I’ve broken the list into sections: 53 to 11, and ten to number one.

Interestingly, the 20,000 survey respondents note the dining, drinking, and nightlife of the top five cities. In fact, the nightlife scene of number three is “the world’s best.”

And city number two? Survey takers think it’s the most fun—”funnest,” according to Time Out—in the world.

Now, I know our audience is largely American and Canadian, so I’ll get to how both rank. Six cities—the usual suspects, basically—in the US are on the list. Only one American city is in the top ten, and it’s likely not the one you think. As for Canada, one city claims the 27 spot, another is number nine.

You’ll find the Canadian and American cities in bold below. Champing at the bit to see the results? Scroll down!

Time Out Cities 53 to 11

Doha, Qatar
Hong Kong
Bangkok, Thailand
Istanbul, Turkey
Johannesburg, South Africa
Rio de Janeiro, Brazil
Auckland, New Zealand
Sydney, Australia
Abu Dhabi, United Arab Emirates
Singapore
Accra, Ghana
Los Angeles, California, USA
Rome, Italy
Dubai, United Arab Emirates
Barcelona, Spain
Miami, Florida, USA
São Paulo, Brazil
Dublin, Ireland
Athens, Greece
Manila, Philippines
Kuala Lumpur, Malaysia
Paris, France
Tel Aviv, Israel
Mexico City, Mexico
Boston, Massachusetts, USA
Lisbon, Portugal
Toronto, Ontario, Canada
Delhi, India
San Francisco, California, USA
Tokyo, Japan
Stockholm, Sweden
Birmingham, England
Buenos Aires, Argentina
New York, New York, USA
Lyon, France
Porto, Portugal
London, England
Taipei, Taiwan
Melbourne, Victoria, Australia
Mumbai, India
Manchester, England
Madrid, Spain
Cape Town, South Africa

The Top Ten Time Out Cities

Copenhagen, Denmark
Montréal, Québec, Canada
Berlin, Germany
Marrakech, Morocco
Prague, Czech Republic
Amsterdam, Netherlands
Glasgow, Scotland
Medellín, Colombia
Chicago, Illinois, USA
Edinburgh, Scotland

Congratulations to the top 53 cities in the world! We expect big things from their dining, drinking, and nightlife moving forward.

Image: Christopher Alvarenga on Unsplash

Aston Martin DB5 on freeway in Phoenix, Arizona

July 16, 2021by David Klemt David Klemt No Comments

People are Returning to Cities

People are Returning to Cities

by David Klemt

It seems the people fleeing big cities in a “mass exodus” are throwing their moving trucks and vans into reverse.

Millennials and Gen Z are apparently leaving the suburbs and rural areas.

Analysts are looking at significant increases in rent as proof of the shift.

Climbing Rent

Anyone following along with real estate is aware that the housing market is off-the-charts hot right now.

Bidding wars for houses and condos are driving prices up by tens of thousands of dollars in many cases.

Well, those bidding wars aren’t only affecting housing sales.

In some markets, rates for rental properties are climbing by more than 40 percent. Per reports, rent is up 7.5 percent across the nation.

Now, bidding wars are taking place for rental properties. As is the case with homes and condos, there’s less inventory than demand.

Obviously, that drives up prices.

Who and Where?

Millennials and Gen Z are driving the journey back to the cities.

Many in those generations moved out of cities to live with friends or family. During the pandemic, doing so was a sound in terms of physical, mental, and financial health.

According to data from ApartmentGuide.com, the following markets are seeing year-over-year increases in one- and two-bedroom apartment rent:

Tucson, AZ
Santa Ana, CA
Henderson, NV
Las Vegas, NV

For the full report, click here.

Another market is, per several outlets, seeing an influx in younger, wealthy renters and buyers: Phoenix, AZ.

In fact, the wealthy have been investing in property throughout Phoenix, Las Vegas, Denver and Dallas.

Of course, the nation’s biggest cities are also drawing more people. For example, New York City is experiencing an influx of residents.

This is largely due to the relaxing of Covid-19 restrictions and an increase—in some cities and states—in vaccination rates.

It’s important to meet guests where they are. Those looking to expand or open new venues should give serious consideration to booming secondary markets.

Image: iStrfry , Marcus on Unsplash

March 3, 2021by David Klemt David Klemt No Comments

Meet Customers Where They Are

Meet Customers Where They Are

by David Klemt

If news stories are to be believed, Americans are fleeing big, expensive cities en masse.

Are those stories accurate or examples of sensationalism?

Mass Exodus?

The pandemic is, without any doubt, reshaping the United States. It is, in fact, transforming any nation on which it has gained a significant foothold.

Several sources claim that a mass exodus to the suburbs and rural towns is taking shape across America.

The authors of these stories often cite survey results, housing and rental price fluctuations, financial struggles and the cost of living in many cities, and anecdotal “evidence” to make their points.

On its face, just the argument that cities like Los Angeles and New York City are too expensive to live in with so many people struggling financially makes sense. And stories about astronomically high rent compared to square footage and median income in dense, expensive cities are commonplace.

Haute Exodus?

Still other stories tell tales of the wealthy migrating from major cities to “wait out” the pandemic.

Since wealthy people have the means, they’re able to leave densely populated areas for destinations with smaller populations. The logic being, the less people in an area, the lower risk of infection.

There are reports referring to NYC as a “ghost town” and describing San Francisco as a shell of its former densely-populated, well-heeled self.

Again, much of the reporting is supported by anecdotal and social media “evidence.”

Half-thruths

Forbes, which has published articles supporting mass exodus claims and also disputing them, has made the argument that the situation is nuanced.

Eric Martel, a Forbes Councils Member, analyzed U-Haul Migration Index (UMI) and uncovered some interesting data. Martel finds that net migration in San Francisco and Los Angeles is lower—significantly so in LA—than it was in 2018. In NYC, net migration looks higher.

More reasonable conclusions regarding Americans and the pandemic seem to be:

Large numbers of people have moved out of some major cities. NYC seems to be a good example.
Some of the wealthy have temporarily left highly-populated cities, choosing to stay in places normally considered vacation destinations for longer periods of time.
People appear to be moving toward the outskirts of larger cities where rent and prices tend to be lower than that of city centers.
Suburbs near the outskirts of major cities appear to be popular migration targets.
Some of this “migration” is temporary, driven by the ability to work remotely. It’s likely that some people who have moved out of cities will return when they perceive things have returned to “normal.”

Adapt

Jack Li, co-founder and CEO of Datassential, suggests operators check out so-called second-tier cities—Austin, Nashville and Charlotte, for example—and the areas where cities meet suburbs. The reasons are simple:

Innovation and food trends tend to start cities, reaching rural areas last. That means second-tier cities, city outskirts, and suburbs are quicker to embrace trends and innovations. (Location.)
Less-expensive commercial real estate prices. (Cost.)
Potential increase in the number of families. (Customer density.)
Potential increase in the number of seniors with financial means. (Customer density.)

The impact the pandemic has had makes informed decisions that much more critical to success in this industry. Demographic and feasibility studies are more important now than ever.

Both are cornerstones of the KRG Hospitality approach, whether an operator has several years’ experience or is a neophyte. Click here to learn more about how KRG Hospitality can help you and your concept, click here to learn about KRG Mindset Coaching, and click here to download the KRG 2021 Start-up Cost Guide & Checklist.

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