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Business & Tech

Nerdwallet Names Geneva 6th Best City for Young Families in Illinois

Bloomberg and Business Week already named Geneva one of the best places to raise kids earlier this year. That's for all of 2013, and Geneva was No. 1 in Illinois.

Now comes Nerdwallet, who today has given Geneva a No. 6 ranking as Best Cities for Young Families in Illinois.

Nerdwallet, of course, is the website that's "on a mission to save you money." Its objectives are, among others, "helping you save time and money," "empowering you to make an informed choice," "delivering objective, data-driven analysis," "providing clear and unbiased recommendations" and "matching you with the right product for your individual needs."

This has got to be more good news for School District, city, county and other taxing bodies that insist that we're getting a pretty good bang for our cost-of-living buck.

The data for this particular data-driven analysis comes from:

  1. GreatSchools city rating. GreatSchools city ratings are calculated by averaging the weighted overall rating for each school in the city (weighted by the number of students enrolled at the school)
  2. Median home value from the U.S. Census (2011 ACS, data set DP04, half-weighted)
  3. Monthly homeowner costs from the U.S. Census (2011 ACS, data set DP04, half-weighted)
  4. Median household income from the U.S. Census (2011 ACS, data set DP03, half-weighted)
  5. Income change between 1999 and 2011 from the from the U.S. Census (data sets P053 and DP03, half-weighted)
The top places were downstate, including No. 1 Edwardsville, No. 2 O'Fallon and No. 3 Charleston. In addition to Geneva, the top 10 of the 124 cities of population greater than 20,000 were rounded out by Grayslake, New Lenox, Huntley, Downers Grove, Elmhurst and Orland Park, respectively.

The summary is also glowing:

"Geneva is one of the most happening Illinois cities outside Chicago. It’s home to the Kane County Cougars, the minor-league baseball team, and it pulls fans from all over Chicagoland — not to mention they serve excellent funnel cakes. Beyond the frivolity, there’s a lot to love here, too. The schools are top-notch. The local school district was just given the Bright Red Apple Award for academic excellence. This prize takes into account schools’ academic performance, pupil-to-teacher ratio, expenditure per pupil and the teachers’ level of eduction and pay."
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