Ann Arbor has just topped the list of the best college cities and towns by personal finance site WalletHub. In order to determine the best college cities and towns WalletHub compared 326 cities with a population of 7,500 students or greater, across 23 academic, social, and financial metrics, including the quality of higher education, crime rates, the cost of living, and the number of students per capita. They also factored in the average monthly cost of purchases routinely associated with college students, like a fitness center membership or pizza and burgers.
Ann Arbor ranked average for “wallet friendliness,” but, scored high on the list for opportunities, and second overall for “youth-oriented environment.” The city ranked fifth in highest number of students per capita of any on this list.
For the second consecutive year, Ann Arbor has been named the most educated city in the United States by WalletHub. In order to determine the most educated city WalletHub compared the 150 largest U.S. metropolitan statistical areas across nine key metrics. Those categories were: the number of people between 20-34 years old, level of education, number of cafes per capita and number of yoga studios per capita.
The company determined where the most educated Americans are choosing to settle. In order to do so, the website compared the 150 largest U.S. metropolitan statistical areas across two dimensions, including education level and quality of education and attainment gap.
Their data set ranges from the percentages of adults aged 25 and older with a bachelor’s degree or higher to the attainment gap between women and men.
Ann Arbor came in first for education and fourth for quality of education and attainment gap.