San Ramon & Danville Top 10 Best Cities to Live!
NerdWallet’s Study Names San Ramon AND Danville in the Top 10 Best Small Cities to Live Throughout the Nation: On June 3rd, 2014, NerdWallet conducted a study to discover the best small cities to live in America. Located in San Francisco, Nerdwallet is a consumer-friendly financial literacy website. It helps consumers make better financial decisions and save money. NerdWallet has been featured in The New York Times, Wall Street Journal and Reuters. Their study deduces that San Ramon AND Danville are within the TOP 10 best small cities to live in! They compared 924 cities in the nation with populations from 25,000 to 100,000.
One of life’s biggest financial decisions is choosing where to live. Although San Francisco or New York seem desirable, they might not fit everyone’s needs. Nerdwallet focuses on America’s small vibrant cities that are thriving economically with an affordable lifestyle for residents. Affordability and income equality, combined with the vitality of a big city makes some of the best places to live.
NerdWallet analyzed three main factors: growth, affordability, and satisfaction of basic needs . Will the city grow in upcoming years? They researched income and population growth as well as decreasing poverty. Is the city affordable? To assess this, Nerdwallet viewed yearly costs associated with homeownership divided by the median income for workers in the city. Are the residents’ basic needs satisfied? Nerdwallet examined the percentage of the population with health insurance coverage and the percentage of people with incomes below the poverty line. This helps mitigate high income inequality.
Other small cities made the top 10 best to live in included:
- Carmel, Indiana
- Friendswood, Texas
- Riverton, Utah
- Sammamish, Washington
- Fishers, Indiana
- Richland, Washington
- Dublin, Ohio
- Woodbury, Minnesota
The cities chosen are geographically diverse. The Northeast is the only underrepresented area, because not a single city made their top 20. Indiana, Washington, and California all had two cities in the top 10. California’s cities had a high cost of living, as well as a high median salary to match it.
The cost of living is high in Danville. However, residents’ median salaries are the highest of the 10 cities. Danville has the highest health care coverage of all the towns in the top 10. The Iron Horse Regional Trail runs through the family friendly community’s quaint downtown, serving as a popular multi-use trail for runners and hikers. Danville’s lively downtown has a multitude of dazzling restaurants to accommodate its vibrant social community.
San Ramon is one of the highest earning cities in the US, meaning 50% of the households in the city earn over $100,000 per year. This city, among other cities in the San Francisco Bay Area, have a fairly high cost of living. San Ramon’s population growth was the highest of the top 10 cities, seeing a huge 44% increase over a three-year period. The poverty level remains at a low 2.6% despite this growth in population. Chevron and 24 Hour Fitness headquarters are located here. With attractions such as the nearby Las Trampas Regional Wilderness and Bishop Ranch Regional Preserve, San Ramon has easy access to the outdoors. San Ramon is a Tree City USA, named by the Arbor Day Foundation, because of the city’s commitment to urban forestry.
“San Ramon is a great place to live. The city is attracting more and more new residents and has the highest level of population growth of cities that made our top 20,” said NerdWallet analyst Divya Raghavan.
NerdWallet arrived at these scores by measuring the city’s growth, affordability, and basic needs. Income growth, population growth, and change in poverty rate were researched for each city’s growth. Each category comprised of 11.1% of the overall score. These rates came from the U.S. Census American Community Survey 3-year estimates. For affordability, NerdWallet selected yearly homeowner costs as a percentage of median worker income, taking up 33.3% of the total score. To measure basic needs, NerdWallet analyzed health insurance coverage and the percentage below the poverty line. These two topics made up of 16.7% of the total score, with data derived from Census figures.
For more information on NerdWallet’s studies and to view information on other cities that made the top 10, check out the NerdWallet Website. To live in one of the top 10 best cities, either San Ramon or Danville, contact Rama Mehra, East Bay Real Estate Specialist. Her excellent negotiation skills and knowledge of the industry will help clients get the results that they deserve!