Monday, March 8, 2010

Fishers, Indiana - Most Affordable Suburb in the US!!!!

Fishers, Indiana - a NE suburb of Indianapolis comes out on top.  Bloomberg Business Week evaluated community data provided to determine the most affordable suburb in each state.  They had to be within 25 miles of the largest city in the state with a population range of 5K-60K, median income and lower than average crime rate.  Other factors included things like:  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. They penalized places with bad weather, a lack of racial diversity, high divorce rates, and few children.  The focus was not on luxury, but rather on communities where families can live well for less, enjoy good schools, low crime and reasonable commutes.

Coming in at #1 out of all 50 states......drumroll please..........

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 trail.

For the curious - Papillion, NE came in second, followed by Mililani Town, Hawaii

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