Houston may be No. 11 overall, according to a new study by PricewaterhouseCoopers on "Cities of Opportunity", but it's still No. 1 in the world when it comes to cost of living and purchasing power.
The firm's study — which was released Tuesday and first reported on by the Houston Business Journal — is in its fourth edition and rated cities worldwide in 10 categories, including intellectual capital and innovation; technology; transportation and infrastructure; health, safety and security; sustainability; economic clout; ease of doing business; cost of living; demographics and livability; and lifestyle.
Houston rated No. 11 out of the 26 cities ranked in the study, coming out on top in subcategories for low cost of living and strong purchasing power in relation to the city's cost of doing business. This edition marked the first time the study has ever shown an overall ranking.
The top 10 cities were New York, Toronto, San Francisco, Stockholm, Sydney, London, Chicago, Paris, Singapore and Hong Kong. Then, Houston.