Posted by: Todd Long | February 26, 2009

Cornelius ranks 34th in “Best Affordable Suburbs 2009” & #1 in NC

cornBusinessWeek has done a study of Suburbs of major metropolitain  areas around the country to establish the best of the best.    Cornelius ranked #1 in North Carolina and 7th over all.

BusinessWeek Editor’s note: The selected suburbs were limited to towns within 25 miles of the most populated city, with populations of 5,000 to 60,000 people, median family incomes of $51,000 to $120,000, and lower-than-average crime rates. We weighted a variety of factors including 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 our calculations. We penalized places with bad weather, a lack of racial diversity, high divorce rates, and few children. Household median income, which is derived from U.S. Census data, and the median home price are 2008 projections. The unemployment rate comes from the Bureau of Labor Statistics and is for 2007. The violent crime index, which is based on FBI crime statistics, is a weighted index of the most recently available seven years (“100” is the national average for violent crime, so “200” would be twice the national average and “50” would be half the national average). The commute time is the median travel time for residents in the area, and is not necessarily the time it takes to reach the largest major city.

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