24/7 Wall St. has just confirmed what many residents of Western Washington have known for years, that Bellevue is one of the best cities in America to live in. 24/7 Wall St. concluded its data about the best cities in America to live in by reviewing data gathered by the U.S. Census Bureau of 550 areas with populations of 65,000 or more.
24/7 Wall St looked at factors and stats of these 550 areas in categories that are important to many when looking for a place to live. They paid special attention to things like crime rates, unemployment rate, employment growth, educational attainment, and housing affordability. With these factors in mind 24/7 Wall St. came up with their list of America’s 50 Best Cities to Live.
The labor market in each of the 550 cities on the U.S. Census was one of the key measures in the deciding factors of America’s best cities to live. To make the list a city needed to display an increase in employment between the years of 2011 and 2013 with unemployment no higher than 9.8% or around one third higher than the national unemployment rate in 2013.
Availability of amenities was also taken into account. No one wants to live in an area where there is nothing to do. Okay there may be a select few people who love to live in a secluded area and keep to themselves, but as for a majority of people it is nice to have activities and amenities nearby. These top cities have great access to sports teams, parks, and outdoor activities. Most of the cities on the list of top 50 are located near major U.S. cities allowing them to enjoy even more activity just minutes away.
Here are the stats that got the beautiful city of Bellevue to the #2 spot:
-Median household income of $91,449
-Unemployment Rate in 2013 of 4.7%
-Median home value of $507,000
-Violent crime rate per 100,000 residents of 127.8
-Average commuter travel time of 22.6 minutes
Bellevue is located just across Lake Washington from Seattle and actually started out as a suburb of the city and later grew into its own. The meaning of the town’s name says it all, Bellevue means “Beautiful View”. Bellevue is nestled among one of the most beautiful lakes in Washington and the mountains of the Cascade Range leaving breathtaking scenery from every direction.
More than 64% of adult residents had a college degree according to the census which is among the highest rate in the nation. Younger residents benefit from a stellar school system reflected in extremely high math scores.
The economy in Bellevue is bustling with 5% in employment growth between 2011 and 2013 and a low unemployment rate as shown above. These numbers are due in part to the many large companies headquarted in the area including Boeing, Microsoft, Nordstrom, Google, and more with T-Mobile USA and Expedia headquarters right within the city.
With these stats and features, it is clear to see why the city of Bellevue made it to the top of the list of America’s 50 Best Cities to Live In.
For more information on living in the amazing city of Bellevue Washington contact the experienced real estate team at SeattleBellevueHomes.com. Mary Pong and her team are knowledgeable in all things Seattle and Eastside to serve you with all of your real estate needs.Image by Curt Smith Flickr Commons