The Best Place to Live in North Carolina is Cary…of course!

As noted in a previous post  on the Preston Retreat blog, the Town of Cary was earlier this year named by the”Money” section of Time Magazine as one of the Top 10 Best Places to Live across the entire United States. In accordance with those lofty accolades, Time also has honored one municipality in each of the 50 states individually for 2018, with Cary being recognized as the Best Place to Live in North Carolina.

Again detailing the reasoning behind Cary being their selection as the Best Place to Live in North Carolina, Time columnist Shaina Mishkin noted that, “Cary offers a quieter, suburban lifestyle with a significantly lower population than nearby Raleigh. You likely won’t have trouble finding a job once you get there, as Moody’s Analytics predicts the area will see a 9.6% increase in jobs by year 2022—fueled in part by the recent spike in tech sector career opportunities in nearby Raleigh, Durham and Chapel Hill (referred to as the Triangle).”

 She continued on to explain that, “MONEY not only named Cary the best place to live in North Carolina, but the city also made it into the top 10 of the Best Places to Live in the entire country.” She concluded her piece on the town of Cary being the Best Place to Live in North Carolina, saying, “Within Cary itself, the median home listing is $442,370 with an average of $3,304 in property taxes…And safety counts: The crime rate is lower than in the state’s cities, and also lower than the national average.”

The blogpost detailing Cary being chosen as the Best Place to Live in North Carolina also went in depth in its explanation of the decision making process and how they arrived at one top city or town in each of the 50 states. “We looked only at places with populations of 50,000 or greater,” the blog post explains. “We eliminated any place that had more than double the national crime risk, less than 85% of its state’s median household income, or a lack of ethnic diversity.”

The specific categories in which each town or city was analyzed with rankings derived from more than 70 separate types of data, in the following categories:

  • Economy— based on local unemployment rate, historical job growth, projected job growth and the level of employment opportunities available, among other factors.
  • Cost of living— based on tax burden, insurance costs, commuting costs, medical spending, utility and home expenses.
  • Diversity— based on racial makeup, racial integration, and economic diversity within a place’s population.
  • Education— based on math and reading test scores and local and county level high school graduation rates.
  • Income— based on historical median household income, projected household income, a comparison between local and state median household income and change between current and historical household income.
  • Housing— based on com Housing Affordability Index and Housing Growth Index at city level, plus other realtor.com housing statistics available at realtor.com/research
  • Crime— based on property and violent crime risk as well as homicide and drug overdose rates.
  • Amenities— based on number of doctors and hospitals in the area as well as number of leisure activities in the town and surrounding area, including bars, restaurants, museums, sports complexes, and green spaces.
  • Ease of living— based on commute times, weather, and other factors.

For further details on Cary being named the Best Place to Live in North Carolina, including allthe other states selections’ and more, visit time.com.

 

Photo courtesy of Town of Cary