MINNEAPOLIS (WCCO) — Money Magazine has named Chanhassen the best place to live in the United States.
According to the magazine, U.S. cities were ranked by taking into consideration affordability, economic growth and quality of life.
A city with a population of 26,771, Chanhassen is now one of the “pricier Twin City suburbs” with a median home price of $401,330 in 2020, median household income of $125,401 and June 2021 unemployment rate of 3.6%, according to the magazine. Overall, that puts the city ahead of the pack. Carmel, Indiana and Franklin, Tennessee are the second and third best place to live, respectively.
The magazine chose its list from cities with fewer than half a million people that met some baselines related to diversity, median income, and crime. Then it looked at other quality-of-life factors like cost of living, amenities and education.
“Some involved in local real estate will joke that there are people who buy in Chanhassen for the Prince connection. However, most of the roughly 300 new residents who move here each year have more practical reasons: good schools and jobs, relatively affordable housing and plenty of things to do,” the author Samantha Sharf wrote.
Keep Reading on CBS Minnesota…
