Madison among the best cities to live in

The financial company WalletHub recently conducted a study to determine which of the capitals across the United States is the best to live in. Their study was based on multiple factors that contribute to a city’s livability. Among all American areas, Madison, the capital of Wisconsin, ranked second.

The most determining factors for reaching the study’s conclusion were accessibility, economic well-being, quality of education, and health. These are also important factors to consider when thinking about investing in residential or business properties.

To determine a city’s accessibility, the company considered living costs, housing expenses, and average family income. For economic well-being, it examined population and income growth, unemployment rates, foreclosure and bankruptcy rates, among other factors.

To study the quality of education, it included the K-12 school system and high school and college graduation rates. For health, it considered hospital beds per person, infant mortality rates, etc. Lastly, for quality of life, it evaluated restaurants, cafes, nightlife options, gyms, access to public transportation, crime rates, walkability, attractions, and more.

For all these reasons, Madison, Wisconsin, ranked second among the best American capitals to live in. The most notable factors that placed it in this category were the high quality of education and health, and the quality of life.

If one analyzes the city of Madison in detail, the company states, its infrastructure, its lake and the activities that take place there, its excellent restaurants, its numerous playgrounds, and its low infant mortality rates, where residents enjoy a longer life expectancy than average, make this capital an excellent decision for investing, living, and raising a family.

However, what most helped Madison secure the second place were two fundamental elements: unemployment and the economy of its residents. The capital currently has one of the lowest unemployment rates in the country and also low foreclosure rates, indicating that its residents are financially stable and do not face continuous problems in paying their mortgage loans, as occurs in other cities.

By Elias DaSilva | September 18, 2024.