NerdWallet, a consumer advocacy website, conducted a study on the best towns in Minnesota for young families, and it named Waconia as the top city.
“This was a fantastic recognition and was for many of us the validation of something that we have known for a long, long time!” Waconia Mayor Jim Nash wrote in a column that appears on Page 4. “I was so proud when I heard about this neat recognition.”
NerdWallet ranked Waconia first after assessing the town’s cost of living, education system, and economic growth. The town’s school district received a nine-out-of-10 rating from the education nonprofit, GreatSchools. Waconia also has the highest income growth percentage of all towns in the top 10 at 43.2 percent.
In order to better inform young families and parents-to-be, NerdWallet analyzed towns across the state according to five criteria:
1. Public school ratings
2. Median home value
3. Cost of homeownership
4. Median income
5. Income growth
“Waconia, located west of the Twin Cities, has experienced significant development in the past decade. Its residents’ incomes grew more than that of residents in any other town in the state,” said NerdWallet analyst Mike Anderson. “For outdoor recreation, Waconia offers families opportunities to fish, waterski and swim on the large and beautiful Lake Waconia.”
To view the study, visit www.nerdwallet.com/blog/2013/best-cities-minnesota-young-families. For more information about NerdWallet, visit www.nerdwallet.com.
The Best Cities for Young Families – NerdWallet
2. North Mankato
6. Prior Lake
8. St. Michael