Money recently released their 2022 Best Places to Live in the United States. The Chicago suburb of Naperville is #16 in the country. Last year, it was #45. How did it move so much in one year? Is Naperville that much better in one year, other places that much work, or is something else at work? I wonder if the methodology led to this. Here is what went into the 2022 rankings:
Chief among those changes included introducing new data related to national heritage, languages spoken at home and religious diversity — in addition to the metrics we already gather on racial diversity. We also weighted these factors highly. While seeking places that are diverse in this more traditional sense of the word, we also prioritized places that gave us more regional diversity and strove to include cities of all sizes by lifting the population limit that we often relied on in previous years. This opened up a new tier of larger (and often more diverse) candidates.
With these goals in mind, we first gathered data on places that:
- Had a population of at least 20,000 people — and no population maximum
- Had a population that was at least 85% as racially diverse as the state
- Had a median household income of at least 85% of the state median
To create Money’s Best Places to Live ranking for 2021-2022, we considered cities and towns with populations ranging from 25,000 up to 500,000. This range allowed us to surface places large enough to have amenities like grocery stores and a nearby hospital, but kept the focus on somewhat lesser known spots around the United States. The largest place on our list this year has over 457,476 residents and the smallest has 25,260.
We also removed places where:
- the crime risk is more than 1.5x the national average
- the median income level is lower than its state’s median
- the population is declining
- there is effectively no ethnic diversity
In 2021, the top-ranked communities tend to be suburbs. In 2022, there is a mix of big cities and suburbs with Atlanta at the top of the list and one neighborhood of Chicago, Rogers Park, at #5.
So how will this get reported? Did Naperville make a significant leap? Is it only worth highlighting the #16 ranking in 2022 and ignore the previous year’s lower ranking? Even while Naperville has regularly featured in Money‘s list (and in additional rankings as well), #16 can be viewed as an impressive feat.