Top 7 most affordable suburbs in U.S.

Life with family is expensive, but in some places a dollar goes a lot further. Bloomberg BusinessWeek evaluated information provided by community data company OnBoard Informatics to determine the best affordable suburb in each state. While many of the places on this year’s list are near amenities such as country clubs and golf courses, the focus is not luxury, but rather communities where families can live well for less and enjoy good schools, low crime and reasonable commutes. The selected suburbs were limited to towns within 25 miles of the most populated city in the state, with populations of 5,000 to 60,000, median family incomes of $51,000 to $120,000, and lower-than-average crime rates. We weighted a variety of factors including livability (short commutes, low pollution, green space), education (well-educated residents, high test scores), crime (low personal and property crime), economy (high job growth, low unemployment rate, high family income) and affordability (median household income, cost of expenditures). Affordability was most heavily weighted in the calculations.

Places with bad weather, a lack of racial diversity, high divorce rates and few children, have been penalized in this research. The results range from established high-income neighborhoods to growing middle-income communities. Despite their differences, all these places offer young families an attractive location to raise children and remain close to employment opportunities. Here, I present the top 7 most affordable suburbs in the US, which won’t let you down:

7. Roxborough Park, Colo.

Nearest major city: Denver
Population: 8,211
Median family income: $94,084
Median home price: $230,000
Unemployment rate: 5.9%
Violent crime index: 16

The red rock formations near Roxborough Park, a community that developed in the 1970s, are considered some of the most spectacular mountain scenery in Colorado. The 3,339-acre state park offers residents hiking and biking trails, cross-country skiing and educational programs for Colorado geology and wildlife. The Douglas County School District is one of the best in the state.

6. Hales Corners, Wis.

Nearest major city: Milwaukee
Population: 8,235
Median family income: $83,179
Median home price: $198,000
Unemployment rate: 9.3%
Violent crime index: 12

This village, only 3.2 miles square, provides residents with access to shopping centers, two pools in the Hales Corners County Park, Whitnall Park Golf Course, Boerner Botanical Gardens and Wehr Nature Center. It is a short drive to General Mitchell International Airport and the shore of Lake Michigan. It is part of the Whitnall School District, which has four public schools and a charter school.

5. Montgomeryville, Pa.

Nearest major city: Philadelphia
Population: 11,848
Median family income: $108,071
Median home price: $258,750
Unemployment rate: 6.8%
Violent crime index: 11

Shopping is plentiful in Montgomeryville. There are several malls in the vicinity, including the Water Tower Square Shopping Center and the Montgomeryville Five Points Plaza Shopping Center, near Five Points, the spot where five roads intersect. The upper-middle-class neighborhood also has outdoor amenities such as its own golf course and is constructing a new trail system. The area’s schools are part of the North Penn School District.

4. Huntersville, N.C.

Nearest major city: Charlotte
Population: 43,917
Median family income: $103,394
Median home price: $205,500
Unemployment rate: 11.2%
Violent crime index: 25

A fast-growing suburb 10 miles from Charlotte, Huntersville is along Lake Norman, a manmade lake with 520 miles of shoreline. There is an entertainment and shopping center, nature preserve and amusement park, and the mountains and beach are a short drive away.

Education here is also exceptional: Huntersville Elementary School earned a Blue Ribbon Award in 2008.

3. Mililani Town, Hawaii

Nearest major city: Honolulu
Population: 26,790
Median family income: $98,384
Median home price: $370,000
Unemployment rate: 5.3%
Violent crime index: 3

This planned community has a golf course, tech park, community centers and shopping malls. There are several schools in this upper-middle-class area, which serves as a bedroom community for Honolulu. The area also has upscale communities, such as Mililani Mauka, and a very low crime rate. It was considered by Money magazine to be one of the best places to live in 2005.

2. Papillion, Neb.

Nearest major city: Omaha
Population: 16,428
Median family income: $92,077
Median home price: $145,000
Unemployment rate: 4.5%
Violent crime index: 13

Papillion was one of the best affordable suburbs overall on this year’s list. Golf courses, nature trails, parks and recreational opportunities near Papio Creek and Walnut Creek can be found. Many residents of this bedroom community commute to Omaha, about 20 minutes away.

Students in the Papillion area score above the national and Nebraska average on the American College Test, according to the city’s Web site.

1. Fishers, Ind.

Nearest major city: Indianapolis
Population: 58,856
Median family income: $108,086
Median home price: $174,438
Unemployment rate: 6.5%
Violent crime index: 12

With reasonable property prices, an unemployment rate lower than average and a good grade for safety, Fishers is the best affordable suburb overall in this year’s survey. The school district here has grown in recent years to accommodate the expanding population, and now includes 12 elementary schools, several intermediate and junior high schools, and two high schools. The town, on the West Fork of the White River, has 12 developed parks, five undeveloped sites totaling 152 acres, and more than 65 miles of multipurpose trails.

Please write your opinions in the comments section below.


About theultimaterenaissance

I am an Engineer and a Management Graduate. I love writing poetry and research reports on cars. Surfing, listening to music, and Reading and writing Technical & Research papers are among my most savored hobbies.
This entry was posted in Research and tagged , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s