Little Elm and Flower Mound ranked in the top 10 in a recent NerdWallet.com analysis of the “Best Small Cities for Families” list. Options considered were affordability, growth and prosperity, and family-friendliness.
Key takeaways from the study were:
- Some of the best are in Texas! Four of the 10 top cities were located in the Lone Star State – suburbs of either Dallas or Austin.
- The top places are close to big cities. Nine of the 10 top cities were suburbs.
- Rapid population growth was a key factor. The top 10 cities named in the analysis grew four times as fast as other cities. No argument there – Flower Mound is growing quickly!
Little Elm, ranked #2, was the fastest growing city in the top 10, and the fourth fastest growing place in the analysis of all cities. The population increased 47% from 2010 to 2015. It’s also the second most affordable city in the top 10, with a median home value of $167,200 … ranked 559 out of 944 cities studied.
Flower Mound, ranked #7, rates among the best for family-friendliness. 44% of the families in residence have kids. The town has the cheapest median home value (about$280,000) of any of the cities with the highest 40 median annual household incomes. Put simply, your money will get you more house in Flower Mound than in many other places in the analysis.
To see the study in its entirety, visit NerdWallet.com
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