October 26, 2016

Report: Young Families Should Live Here

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Report: Young Families Should Live Here

Two Texas cities sit atop a new list of the best cities in the United States for young families to call home compiled by research firm ValuePenguin.

The rankings are based on an analysis of 16 factors, including each city's unemployment rate, what it costs to buy or rent a home, school quality, weather and crime statistics. The researchers placed the most weight on economic considerations when judging each city. They also gave strong emphasis to housing affordability.

Read more: Millennials Prefer Single-Family Homes Too

The top five municipalities on the list of 156 cities are Austin, Texas; Houston; Raleigh, N.C.; Des Moines, Iowa; and Dallas.

Different cities emerged as top choices when the researchers focused on just housing-related factors. According to the survey, Fort Wayne, Ind.; Wichita Falls, Texas; Abilene, Texas; Fort Smith, Ark., and Huntington, W.Va., are the best five U.S. cities for young families when evaluating factors that make up each area's cost of living; real estate taxes; ratio between incomes and mortgage amounts; and the percentage of residents who spend more than 40 percent of their income on rent.

Source: "Best Cities for Young Families in 2016," ValuePenguin, (Feb. 2016)