Best Cities To Live In America: Hoboken Makes The List

HOBOKEN, NJ — Hoboken, NJ, was ranked as the No. 13 city in the United States in which to live. It’s always nice to receive a little positive recognition.

The financial news and opinion site 24/7 Wall St. recently released its “America’s 50 Best Cities To Live” rankings for 2020, and just one city in New Jersey took home a spot on the list:

HOBOKEN

• Ranking: 13
• Population: 53,211
• Five-year population change: 4.5 percent
• Median household income: $136,402
• Five-year average unemployment rate: 3.4 percent

The site gave this description of the mile-square city:

Hoboken, situated directly across the Hudson River from Manhattan, is the only city in New Jersey to rank on this list. Within commuting distance of New York City — one of the largest and most diverse job markets in the country, unemployment in Hoboken is relatively low. An average of just 3.4 percent of workers in the city were unemployed over the last five years, well below the 5.9 percent comparable national rate. While the cost of living in Hoboken is relatively high, incomes are also far higher than average. The typical household in the city earns $136,402 a year, more than double the national median income of $60,293.

Manhattan Beach, CA, ranked as the best city in the nation in which to live, according to 24/7 Wall St., followed by Winnetka, IL, and Hanover, NH.

“It is important to note that there is no such thing as a perfect city or town, and that many of the attributes one may look for in a community are subjective and not quantifiable,” authors of the 24/7 Wall St. rankings wrote. “This list favors areas with conditions that have almost universal appeal, however.”

To identify the best U.S. cities to live in, the financial news site created an index of 25 measures across four main categories: affordability, economy, quality of life and community.

Data pertaining to these categories was then pulled from multiple sources, including the U.S. Census Bureau and the Centers for Disease Control and Prevention. The full methodology for the rankings is available at 24/7 Wall St.

Here are the top 10 U.S. cities in which to live:

1. Manhattan Beach, California
2. Winnetka, Illinois
3. Hanover, New Hampshire
4. Highland Park, Texas
5. Piedmont, California
6. Paradise Valley, Arizona
7. Solana Beach, California
8. Newport Beach, California
9. Mercer Island, Washington
10. Greenwood Village, Colorado