Movoto Real Estate recently compiled its list of the “Top Ten Best Small Cities to Move To” based on demographic and other data collected about 100 cities with populations under 60,000. Six criteria were surveyed:
- Cost of living
- Median household income
- Unemployment rate
- Median home price
- Homes for sale per capita
Movoto used the U.S. Census, Bureau of Labor Statistics, FBI, and their own real estate market data to search for the above criteria. Cities were first ranked from 1 to 100 in each individual criterion, with 1 being best, then those scores were averaged to produce a final ranking.
Coming in at #8 on the “Top Ten List” was Memphis, TN suburb Bartlett:
Bartlett has a population of 55,945 and is known for its historic plantation homes. Its crime rate is 47 percent below the national average, while its median household income is 41 percent above at $74,514.
The median home price in Bartlett is 10 percent below average at $179,900 and there are 173 residents for every home that’s on the market.
As one of three cities in Movoto’s top 10 with higher than average unemployment rates, 7.3 percent of Bartlett’s residents are out of work as compared to 8.7 percent for the national average.
The outcome of this survey further supports our claim that Bartlett is one of the premier neighborhood in the country in which to invest.