Austin continues to make a presence among the best cities in the U.S. for a variety of rankings including best city for startups, for commercial real estate investments and the best city to live in the U.S. Austin has been the best city in the U.S. to live in according to its top ranking on the U.S. News & World Report list for the last three consecutive years. Now, Wallethub has compiled its own list of best cities in the U.S. to live in. Austin ranked second among the best large cities in the U.S.
Large cities aren’t considered large because of the landmass. In fact, the Wallethub report that accompanies the best cities to live in the ranking shows that urban settings make up less than 3 percent of the U.S. landmass. However, urban areas contain about 80 percent of the total U.S. population.
Living in a big city obviously has its advantages if so many people are willing to call a big city home. However, the appeal of living in a city creates some complications. The cost of living in a large city is far higher than living in a rural area. Also, there are other aspects that are an obstacle, like high rent, traffic congestion and smaller living spaces than in more rural areas or suburbs.
Wallethub set out to find which cities were doing the most to mitigate those problems in order to create a list of the best large cities to live in. To develop the ranking, Wallethub compared the 62 largest U.S. cities. The ranking was based on 56 key indicators of attractiveness, including quality of public schools, life expectancy, job opportunities and property taxes.
In the ranking, Austin scored its highest score in the “economy” category. Austin also ranked very well for its life expectancy of quality of life. Overall, Austin scored a total of 64.63 points, putting it above Seattle, WA and every other Texas city.
To develop the ranking of best cities to live in, WalletHub compared a sample of 62 U.S. cities (with populations of more than 300,000 each) across five key dimensions:
3) Education & Health
4) Quality of Life
Then, the dimensions were evaluated using 56 relevant metrics. Each metric was weighted and then graded on a 100-point scale, with a score of 100 representing the most favorable living conditions. Lastly, Wallethub analysts determined the weighted average for each city across all metrics and used that as the total score. In this ranking, only the city proper is considered in each case and not the surrounding metro area.
If you’re considering a move to Austin or the surrounding area, reach out to David Brodsky Properties for help with your move. Our experienced relocation experts can help you determine which area is best for you. You’ll also get advice on how to best prepare for a move to the Austin area.
Read more about Austin.