This Is The Best City In Minnesota To Live In

WOODBURY, MN — Woodbury is the best city in Minnesota 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 Woodbury is home to one of the best educated populations of U.S. cities. Its unemployment rate of 3 percent is far lower than the national jobless rate of 4.9 percent.

“Woodbury has less poverty and unemployment than nearly any other large U.S. city,” 24/7 Wall Street writes. “The typical household in the city earns $103,902 a year, the second highest median income in the state — behind Maple Grove — and one of the highest in the country.”

The median home value in Woodbury is $314,700.

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:

1. Crime
2. Demography
3. Economy
4. Education
5. Environment
6. Health
7. Housing
8. Infrastructure
9. 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.

See the full list from 24/7 Wall Street here.

Photo: GLOBE NEWSWIRE via AP