San Francisco Ranks In Top 5 For Business And Cultural Opportunity Worldwide

SAN FRANCISCO (CBS SF) — San Francisco is the fifth best city in the world and second in the U.S. for business and cultural opportunity, according to a recent survey from PricewaterhouseCoopers.

The survey collected data from the World Bank and the U.S. Census Bureau during 2013 and ranked 30 cities based on 10 key indicators such as intellectual capital and innovation, transportation and infrastructure, and demographics and livability.

London snagged the top spot on the "Cities of Opportunity" report, followed by New York. The lowest-scoring cities were Nairobi, Jakarta, and Mumbai.

San Francisco ranked third in world for intellectual capital and innovation, up from fifth place in the previous survey, which factors in the entrepreneurial environment and percentage of its population with higher education.

The city also ranked third in demographics and livability, ahead of other major U.S. cities, but behind of Paris and London.

When comparing the cost of living, San Francisco came in sixth place worldwide, after Los Angeles and Chicago. Corporate tax rate, cost of business occupancy and purchasing power were some of the factors considered.

But San Francisco fell short in the transportation and infrastructure category, coming in 21st place, with Los Angeles trailing behind.

The sixth edition of "Cities of Opportunity" was created in 2007 "to help cities understand what policies and approaches work best for people and economies in a rapidly urbanizing world."

You can read the full report here.