Shakopee Named Among Best Places To Live

Press release from the City of Shakopee:

September 22, 2020

The City of Shakopee was listed among Money Magazine's 2020 Best Places to Live. Shakopee was listed No. 30.

The annual ranking of the Best Places to Live features 50 towns and cities where the economy, job growth and housing market remained strong despite COVID-19 disruptions. This year, Money looked at towns and cities with a population of at least 25,000 and ranked the Best Places to Live by putting the greatest emphasis on economic factors, like employment opportunities, as well as supply and demand for homes, cost of living, quality of schools, racial and economic diversity and health and safety.

Shakopee was recognized not only for its entertainment options but also its "strong economy in Shakopee, which has seen a 9-percent rise in employment since 2015 alone. Home prices are quite favorable for the region, too. At around $263,000, the area’s median price is well below nearby Prior Lake and Eden Prairie, which sit at $308,000 and $353,000, respectively," according to the report.

Money looked at a list of 1,890 locations through the United States to pick its top 50 winners. "This year, given the general uncertainty around where and how we'll live, our list looks a little different," said Prachi Bhardwaj, lead reporter of Money's Best Places to Live. "We shifted our priorities to pay more attention to cities that aren't just doing well now, but that show great promise and stability for the next five to ten years. We also included suburban towns situated further away from major metros and have more industry diversity than you've seen from our list in years past."

This press release was produced by the City of Shakopee. The views expressed here are the author’s own.