Raleigh is the best North Carolina city to live in, according to a new list that ranks the best cities to reside in every state.
The list, compiled by 24/7 Wall Street, notes that Raleigh is one of the fastest growing cities in the Tar Heel state, with a population increase of almost 30 percent in the past decade, more than four times the national average of 7.1 percent. That growth has brought with it an influx of educated residents, according to the study. Almost 51 percent of adults have at least a bachelor’s degree — significantly higher than the 31.3% of adults nationwide with similar education.
"Raleigh is located in the southeastern corner of the Research Triangle, a prospering area with three leading research universities and many high-tech companies," 24/7 Wall Street writes. "North Carolina has one of the largest brain gains — more college graduates are staying in the state than leaving — in the country. This has contributed to higher educational attainment in cities across the state."
The median home value in Raleigh is $242,500, much higher than the national median value of $184,700. Last year, the city was named the No. 19 best place to live in the U.S. by Niche.com.
Through its analysis, 24/7 Wall Street found that the majority of cities that made the list are home to a large share of college-educated adults than the share of college-educated adults nationwide (31.3 percent). Educated populations, 24/7 Wall Street writes, are more resilient to economic downturns.
Another trend noted by 24/7 Wall Street is that the violent crime rate for almost every city on the list is lower than the U.S. rate. The presence of cultural amenities and entertainment venues was another common factor for the cities.
To determine the best city to live in every state, 24/7 Wall Street considered the 550 cities with populations of 65,000 or more. If a state had no cities with a population of at least 65,000, all cities in the state with a population of 40,000 or more were considered.
Data was collected in nine categories:
Crime Demography Economy Education Environment Health Housing Infrastructure Leisure
24/7 Wall Street used data from Census Bureau’s 2016 American Community Service, the FBI’s 2016 Uniform Crime Report, the Bureau of Labor Statistics and ATTOM Data Solutions. For each category, specific measures contributed to a city’s overall score.
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Patch Editor Shannon Antinori contributed to this report.
Photo Credit: AP Photo/Gerry Broome